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Evening Standard
Evening Standard
Henry Saker-Clark

Poundland sold for £1 and set to shut shops in restructuring

Poundland Gordon Brothers Laura Ashley Pepco European Union Pepco Group

Poundland is set to shut dozens of stores after being sold for £1 to investment firm Gordon Brothers.

The discount chain, known for primarily selling products for £1, had been put on the market earlier this year after a sharp downturn in trading.

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