Money3 updates
Poundland rescue deal and Gordon Brothers dispute
What happened before and after this story. Background events not previously covered were summarised by AI.
- Background
Gordon Brothers buys Poundland from Pepco Group for a nominal £1
US restructuring specialist Gordon Brothers took over the UK discount chain Poundland from its owner Pepco Group for a symbolic £1 in 2025.
- Background
Poundland owner Gordon Brothers rejects Martin Property Group takeover bid
Gordon Brothers turned down a takeover offer for Poundland, prompting government questions as the discount chain moved towards administration.
Poundland looks set to get more time to find a buyer as rescue talks go on
Poundland's US owners say they back a longer deadline after being questioned by MPs, but three bids have been rejected and 11,000 jobs hang in the balance.