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Wilko falls into administration with 12,500 jobs at risk

City

Wilko falls into administration with 12,000 jobs at risk

Budget retailer Wilko has entered administration after failing to secure a rescue deal, putting around 12,500 jobs in jeopardy. The chain, which runs more than 400 stores across the UK, told staff on Thursday that it has hired administrators from ...

10 Aug 2023 at 13:42

City

Laura Ashley acquired by Ben Sherman owner Marquee Brands

Laura Ashley has been snapped up by Marquee Brands, the US owner of Ben Sherman. The US group, which runs 17 brands, said it has bought the fashion and furnishings business from investment firm Gordon Brothers for an undisclosed amount. Marquee ...

03 Jan 2025 at 08:52

Poundland: List of stores closing after restructuring approved

Poundland is to push ahead with more store closures after receiving court approval for a major restructuring plan. In June, the discount retail chain said it planned to permanently shut 68 shops after being sold by Pepco Group to Peach Bidco, ...

26 Aug 2025 at 15:26

City

Poundland set for ‘restructuring’ after takeover by Gordon Brothers

Poundland is set for a “restructuring” process after the high street discount chain was sold to investment firm Gordon Brothers. Pepco Group, which has owned Poundland since 2016, said it has completed the sale of the business for a ...

12 Jun 2025 at 08:15

City

1,300-plus jobs at risk as Poundland plans to shut 68 shops and two warehouses

More than 1,300 jobs are at risk at Poundland after the retailer announced plans to shut 68 shops and two of its UK warehouses following its takeover by investment firm Gordon Brothers. Last week, Pepco Group sold the discount ...

17 Jun 2025 at 12:25

City

Poundland sold for £1 and set to shut shops in restructuring

Poundland is set to shut dozens of stores after being sold for £1 to investment firm Gordon Brothers. The discount chain, known for primarily selling products for £1, had been put on the market earlier this year after a sharp ...

12 Jun 2025 at 11:37

City

Wilko suspends home deliveries amid efforts to avoid collapse

Troubled high street retailer Wilko has suspended home deliveries as it races for a rescue deal to avoid collapse. The homeware and stationery chain has told online customers it is unable to deliver any orders, instead ...

09 Aug 2023 at 16:27

Poundland saved from administration as judge approves restructuring plan

Poundland has avoided entering administration after a restructuring plan was approved by a judge at the High Court, days before the company was due to run out of money. Barristers for the retailer had told a hearing ...

26 Aug 2025 at 15:41

Poundland to run out of money in days if restructure not approved, court told

Poundland will run out of money within days if a restructuring plan is not approved, the High Court has been told. The company is asking a judge to approve a plan which would save it from entering administration, ...

26 Aug 2025 at 11:45

City

Poundland says store closure overhaul finished, but ‘much to do’ in turnaround

Poundland has said its sweeping restructure that saw it shut nearly 150 shops and axe 2,200 jobs has finished, but that it still has “much to do” to get back on track. The troubled discount retailer, which ...

23 Jan 2026 at 09:15

City

Poundland to shut 68 shops and two warehouses after takeover

Hundreds of jobs are at risk at Poundland after the retailer announced plans to shut 68 shops and two of its UK warehouses following its takeover by investment firm Gordon Brothers. Last week, Pepco Group ...

17 Jun 2025 at 11:37

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