High Street
Pepco Group suffers £675m Poundland hit
Despite trouble at Poundland, Pepco Group posted a record revenue of £6.2bn, up 10.2% year-on-year, driven by growth in its other divisions, including Dealz
Pepco Group has reported a £675m impairment charge on its UK subsidiary Poundland, as a result of “a significant decline in performance in FY24 and weaker outlook for profitability amid increasing competition and cost challenges”.
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