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The Latest Breaking News from Gordon Brothers

Radley stores face closure despite rescue from administration

Around 42 jobs will be lost despite the handbag retailer being purchased by Gordon Brothers

Evening Standard

Poundland shuts 149 stores, cuts 2,200 jobs and focuses on £1 items

Discounter relaunches Pep & Co clothing brand after a switch to ranges supplied by its former parent group hit sales

The Guardian - UK

Poundland to run out of money in days if restructure not approved, court told

Poundland is asking a High Court judge to rubber-stamp a restructuring plan.

Evening Standard

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Poundland to close 49 stores this month - full list revealed

The new owners of Poundland may have to spend up to £100 million to revive the brand.

Evening Standard

Poundland Store Closures and £1 Sale Linked to Deep Restructuring Plan — What Really Happened Behind the Scenes

Poundland to close dozens of UK stores after £1 sale to Gordon Brothers sparks retail restructuring, store closures, and nationwide clearance sales

International Business Times UK

Full list of Poundland store closures

Poundland confirms more store closures

Evening Standard

Poundland to shut 68 stores in restructuring that puts 2,000 jobs at risk

Online sales to end and two distribution centres to close after chain’s sale to Gordon Brothers for £1

The Guardian - UK

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Poundland to shut nearly 70 stores after being sold for £1

Bargain chain Poundland has announced it is shutting 68 stores and two warehouses after being sold for £1

The National (Scotland)

Poundland sold for £1 with dozens of store closures expected

Buyer Gordon Brothers will invest up to £80m in discount retail chain to try to turn business around

The Guardian - UK

Poundland 'to close 100 stores' after being sold for £1

Bargain chain Poundland is set to shut as many as 100 stores after being sold for £1

The National (Scotland)

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

Laura Ashley owner Gordon Brothers has struck a deal to buy the retailer from European group Pepco.

Evening Standard

Poundland to close dozens of stores after being sold for £1

Parent firm Pepco Group says it has completed the sale of the high street discount chain

The Independent UK

Poundland set for ‘restructuring’ after takeover by Gordon Brothers

Pepco Group, which has owned Poundland since 2016, said it has completed the sale of the business for a ‘nominal’ fee.

Evening Standard

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The show is pretty much over for Nikola Motors. After a tumultuous few years, the company filed for Chapter 11 bankruptcy this February. It's selling off assets to try to satisfy its creditors, so the business is all but dead. Yet if you want a Nikola hydrogen truck, you aren't…

InsideEVs

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The Independent UK

Poundland set to be sold ‘for a pound’ as frontrunners for takeover are revealed

Gordon Brothers, the former owner of Laura Ashley, is said to be the front runner to take control of Poundland

The Independent UK

Big Lots announces plans to reopen 132 stores that were closed during bankruptcy last year

The first round of stores will reopen on May 1, and the second will reopen on May 15

The Guardian - UK

Laura Ashley bought by US owner of Ben Sherman

British clothing and home furnishings brand sold by Gordon Brothers to Marquee Brands

Evening Standard

Laura Ashley acquired by Ben Sherman owner Marquee Brands

The British retailer, which was founded in 1953, will retain its UK-based team as part of the deal.

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International Business Times

Big Lots Secures Deal To Keep Hundreds Of Stores Open And Protect Jobs

The Columbus, Ohio-based company, which filed for Chapter 11 bankruptcy, plans to close about 20% of its 1,400 U.S. outlets.

Top News

Big Lots Reaches Deal To Keep Hundreds Of Stores Open

Big Lots secures deal with Gordon Brothers Retail Partners to keep stores operational. Variety Wholesalers Inc. to acquire and operate Big Lots stores, pre...

The Independent UK

Big Lots reaches deal to keep hundreds of US stores open

The discount chain Big Lots has reached a deal that will keep hundreds of its stores open

Evening Standard

‘Still hope’ for Wilko employees with administrators’ decision on rescue bids expected next week

Rivals B&M and Poundland, as well as Laura Ashley owner Gordon Brothers are among those said to be interested in saving at least some Wilko stores

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