Poundland

Poundland Closing 80 Stores After Steinhoff Takeover

Poundland will be closing 80 stores in the UK after its takeover by the South African company Steinhoff International Holdings, retailgazette.co.uk has rep...

Sainsbury's Poaches Poundland CEO As New Chief Financial Officer

UK retailer Sainsbury's has announced that it has appointed Poundland chief executive Kevin O'Byrne as its new chief financial officer. O'Byrne will com...

Plastic Pumpkin Sellers Face A Big U.K. Inflation Scare: Gadfly

It's zombies versus ghouls on the British high street. Or more to the point, discount shops and big grocers. They're both headed for a fright. Halloween...

Poundland Rejects Claims That New Pricing Strategy Is Influenced By Brexit

UK single price retailer Poundland has rejected claims that a new in-store pricing strategy has been influenced by the recent Brexit, The Independent has r...

Bargain Stores Sales Reach £5 Billion In Britain

Bargain stores are proving the most popular for British shoppers, with sales figures reaching £5 billion, according to recent retail performance data...

Steinhoff Market Value Can Double in Five Years, Chairman Says

Steinhoff International Holdings NV isn’t done with deals and has the potential to double its market value over the next five years, according to the...

Hedge Funds Score Again (With Help From Bidder): Gadfly

Hedge funds have again forced a bidder to pay more in a takeover situation. This time the squeezed buyer is Steinhoff International and the target is U.K....

Steinhoff Raises Poundland Bid After Activist Stake-Building

Steinhoff International Holdings NV raised its agreed bid for U.K. discount chain Poundland Group Plc after activist Elliott Capital built a stake that thr...