Bloomberg
Poundland Starts Insolvency Process in Latest UK Retail Setback
Thursday, October 29, 2026
Poundland Group Ltd initiated insolvency proceedings in 2026, approximately one year after Gordon Brothers acquired the discount retailer for £1. The move marks another closure among UK retail chains operating on high streets. Gordon Brothers, a restructuring firm, had purchased Poundland from Pepco Group in 2025.
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