BM Eyes Poundland Stores in Sale
Discount retailer BM is reportedly eyeing a small number of Poundland outlets as part of a potential break-up of the struggling chain. Poundland owner Gordon Brothers is exploring a sale process involving multiple interested bidders.
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B&M EUROPEAN VALUE RETAIL SA is participating in the sale process for rival Poundland, targeting a low double-digit number of outlets in the United Kingdom during Sunday afternoon trade. The discount retailer joins other prospective bidders evaluating a break-up of the struggling chain. Poundland's owner appointed restructuring specialists to oversee the sale after receiving at least two solvent bids.
