finance.yahoo.com

Gordon Brothers Seeks Sale of Poundland Within Weeks

Pepco Group logoPepco Group
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Gordon Brothers is seeking to sell UK retailer Poundland within weeks, aiming to complete a deal by the end of October ahead of Christmas trading. Alvarez & Marsal has been advising on the process since last month and is contacting potential buyers, after Gordon Brothers bought Poundland from Pepco Group for £1, a deal that followed court-approved restructuring and closed up to 200 stores.

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