More than 20 Poundland branches in and around Glasgow could face closure as the discount chain is officially up for sale, putting thousands of jobs across the UK and Ireland in jeopardy.
Retail advisory firm Teneo is overseeing the sale process after Poundland's parent company, Pepco Group, confirmed it is reviewing "all strategic options" for the brand.
The announcement follows earlier reports in March that the company was seeking potential buyers.
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Poundland currently operates around 825 stores and employs over 160,000 people.
With bids for the chain expected to come in this week, the future of many stores, including those in key Glasgow locations, is hanging in the balance.
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Pepco Group is also due to release its half-year financial results on Thursday, May 22, which could shed more light on the retailer’s outlook.
Once famous for its strict £1 pricing model, Poundland has gradually expanded into multi-price ranges to combat rising costs and growing competition from supermarkets and rival high street retailers.
The uncertainty adds to growing concerns over the future of the UK’s high street, with shoppers and staff alike bracing for what could be another major retail shake-up.
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Full list of the Poundlands at risk:
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