Pepco Group, the owner of Poundland, is considering selling the retail chain as increased wage costs and tax changes in the UK create challenging trading conditions. The company warned of more difficult earnings ahead. With Poundland generating approximately €2 billion in turnover, Pepco acknowledges the brand's strength but recognizes the intensifying pressures in the UK retail market. As a result, they are evaluating strategic options to separate Poundland from the group, potentially leading to a sale in the financial year 2025, according to CEO Stephan Borchert.
"Poundland is a strong brand that serves millions of customers every week and had around two billion euros (£1.67 billion) in annual turnover in financial year 2024, but it is also operating in an increasingly challenging UK retail landscape that is only intensifying."
"The board and I are actively exploring separation options for Poundland, including a potential sale, from the group, with consideration also given to the separation of the well-performing Dealz Poland over the medium term."
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