Over 800 Poundland stores at risk after advisers appointed to handle sale
Over 800 Poundland stores are at risk of closure after the retailer’s parent group Pepco appointed advisers to oversee a sale of the discount chain.
The retailer has reportedly hired advisory firm Teneo to handle the sales process, which could see any number of its 825 stores shut for good.
This comes after Pepco said last week that it was examining “all strategic options” for the chain, including a potential sale.
Speaking to The Telegraph, a spokesperson for Pepco said: “As stated at our capital markets day on March 6, we are actively exploring separation options, including a potential sale, for the Poundland business. We have started to work with advisers to support us in this process.”
Pepco had appointed consultants from AlixPartners in January as it looked to explore its options ahead of its capital markets day.
Poundland recorded sales of roughly £1.69bn last year, however Pepco group – which has owned the retailer since 2016 – revealed at the beginning of 2025 that the retailer saw a decline in like-for-like sales of 7.3% during the Christmas trading period.