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European Grocery Retail Reports

 
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Poundland Secures Investment Funding

With buoyant Christmas sales and plans to reportedly enter the CEE with its Dealz subsidiary, Poundland is moving forward independently of its troubled parent Steinhoff by securing GBP180mn (EUR205.32mn) in investment funding.
Topics: Poundland

Poundland Adds Clothing to Dealz Stores in Ireland

Poundland’s Dealz subsidiary in Ireland has begun adding Pep & Co clothing outlets to its larger outlets, leveraging its Steinhoff ownership and moving further away from its single price point strategy.
Topics: Poundland

Poundland Puts 99p Stores into Administration

Poundland has placed sixty 99p Stores into administration less than two years after the acquisition of its competitor discount chain. After acquiring its rival in September 2015, Poundland had initially planned to convert all 252 stores to the Poundland fascia. However, according to the Financial Times, 60 unprofitable stores remained in a separate holding company and this was put into administration after all the stores were closed.
Topics: Poundland