Poundland takes £639million hit to value as profits crash and costs soar …C0NTINUE READING HERE >>>
POUNDLAND is facing an uncertain future as tumbling profits have prompted its owner to admit it was considering what to do with it.
Polish owner Pepco has taken a £639million writedown on the value of the discount retailer, which has 836 shops in the UK.
It comes amid weak profits and rising costs.
Stephan Borchert, chief executive, yesterday said: “It is important to look at every option to bring it back on track.”
His comments have raised speculation that Poundland could be ditched by its…
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