High Street
Pepco explores potential sale of Poundland amid trading challenges
The discount retail group said its ‘ultimate ambition’ is to operate under a single Pepco format
Pepco has announced that it is “actively exploring” a potential sale of Poundland amid rising pressures on the business, and instead plans to focus on the Pepco brand as a single future format.The discount retail group said its “ultimate ambition” is to operate under a single Pepco format, which largely drives the group’s earnings, with a focus on its higher margin Pepco clothing and general merchandise ranges.
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