THE sale of discount chain Poundland is reportedly set to be confirmed in just hours.
The deal will put thousands of high street jobs at risk with the company planning a major restructure, according to Sky News.
The Telegraph previosuly reported that up to 200 Poundland stores could face closure as part of a rescue sale.
Pepco said it is looking to offload the brand amid a wider shift away from food and drinks with a deal expected before the end of its financial year in September.
It came as the group reported weak Poundland sales over the past half-year, cutting the brand’s trading guidance for the year as a result.
Stephan Borchert, chief executive of Pepco, said: “At Poundland, trading remains challenging, which is reflected in a profit outturn below expectations for H1 and a weaker outlook for the full year.
“Barry Williams, who was reappointed as Poundland managing director in March 2025, and his team are actively driving a recovery plan to help turn around the business by refocusing on its traditional core strengths.”
Poundland revenues dropped by 6.5% to 985 million euros (£830 million) for the six months to March, compared with a year earlier.
The brand suffered “challenges across all categories” and had 18 net store closures over the period.
Poundland is now due to deliver earnings of between 0 and 20 million euros (£16.9 million) compared with previous guidance of 50 million euros and 70 million euros.
The wider Poland-based Pepco Group saw total revenues grow by 4.3% to 3.34 billion euros (£2.82 billion) for the half-year.
However, like-for-like sales were marginally lower as growth in its Pepco brand was offset by the struggling Poundland operation.
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