Long-standing British bargain brand Poundland could be set to close a number of locations across the UK after being sold for just £1.
The franchise famed for selling things for just a quid has been a mainstay on the high streets for what feels like it’s been around for as long as most of us can remember, but has been struggling to compete in the discount market.
Opened in 1990, Poundland was eventually bought by Polish variety store chain Pepco Group back in 2016, but has now been auctioned off after struggling sales over the past few years.
As per a press release from the company, Pepco decided to sell the business to American investment firm Gordon Brothers for what reports cited as a “nominal fee” – a figure now revealed to be £1.
Credit: The Manc Group
Poundland’s former boss, Barry Williams, left the brand in 2023 but was reinstated in at the start of this year to help the business and the Group’s European counterparts (Pepco and Dealz).
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Sharing an official update with The Manc, the returning MD and CEO said, “Poundland is a UK and Ireland retailer of real significance, serving 20 million customers each year with a much-loved brand.
“Although recent trading has been challenging, we have built a turnaround plan with a simplified and more focused Poundland at its heart, as we aim to deliver the amazing value our customers expect.
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“In due course, we’ll share more details of the proposed restructuring and turnaround. I’d like to thank Pepco for its stewardship of the business. We welcome Gordon Brothers and look forward to working with them as we implement our turnaround plan.”
As for Gordon Bros themselves, the American group with outposts all over the globe, says it is “delighted” to be providing the bargain brand with “the financing to support the substantial turnaround of this iconic retailer.”
Even with their own hardships, Poundland stores have still been providing a much-needed cut-price place to shop for those looking to save wherever they can amid the cost of living crisis, not to mention taking over previous Wilko stores and helping bail out others in need.
Before Poundland were sold, they also helped prop-up those hit by the Wilkos falling into administration.
According to Retail Gazette, an approximate £80 million cash injection has been pledged to help support their 800 stores and roughly 16,000 staff across the UK and Ireland.
Nevertheless, BBC sources understand that the even with the new backing, the proposed restructuring of the company which will be put before the High Court here in England could still “involve a significant number of store closures.”
Meanwhile, an official statement from Pepco’s Stephan Borchert reads: “The agreed sale of Poundland marks an important milestone in our strategic plan to move away from FMCG and focus predominantly on Pepco, our higher margin clothing and general merchandise business…
“Poundland remains a key player in UK discount retail, with millions of customers annually and a well-loved brand and proposition. We want to sincerely thank Poundland for their ongoing commitment and contribution to the Group and wish Barry Williams and his team all the best for the future.”
Featured Images — Pepco (via Wikimedia Commons)/The Manc Group
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Greater Manchester officially launches five-year climate change action plan
Danny Jones
Greater Manchester has officially begun its five-year climate change action plan, with the overarching goal of becoming a net-zero city region by 2038.
The comprehensive pledge put together over a number of years itself will see Manchester City Council and the nearby local authorities put into action a number of key measures that will help to reduce not only central carbon figures but, eventually, across the 10 boroughs in turn.
Over the last 15 years, emissions have been reduced by approximately 64%, saving an estimated 44,344 tonnes of carbon through cleaner building energy, street lighting and other electronics, as well as the increasingly green and over-growing Bee Network.
They have also insisted that it isn’t just about cutting down on greenhouse gases; the aim is to make the city region and the surrounding areas more sustainable, affordable and create a better standard of life.
Our five-year plan to tackle climate change launches today. 🌏
It details how we’ll continue to deliver dramatic reductions in the amount of carbon we emit (the biggest contributor to climate change). 🏙️
As per the summary on the Council website, in addition to creating more efficient homes, they’re hoping to provide more access to nature and good-quality green space, “public transport you can rely on”, and “better health and wellbeing for those who live, work, study and visit here.”
With a steadily recovering local and national economy (touch wood), they’re also hoping for an influx of new jobs, too.
Summarising the key bullet points leading up to the end of the decade, these are the next steps currently outlined by the Council:
Lower carbon emissions
Grow the use of renewable energy
Improve low-carbon travel in the city
Improve air quality
Grow the city’s natural environment and boost biodiversity
Improve resilience to flooding and extreme heat
Engage and involve our workforce and our city’s communities
Reduce waste and grow reuse, repair, sharing and recycling
Support a move to a more circular economy
Minimise the negative impact of events held in the city
Develop our knowledge of our indirect emissions and lower them
Create a green financing strategy and explore new funding models for the city
Influence the environmental practices of other organisations
As for emissions, the target is now to drop the present output by another 34%, which will prevent almost 43,000 tonnes of carbon dioxide (CO₂) from being pumped into the atmosphere.
Having touched upon the continued expansion of the Bee Network infrastructure, Transport for Greater Manchester (TfGM) is also set to install multiple new travel links over the coming years, including both new tram stops and train stations – further
You can read the climate action plan in full HERE.
Manchester’s firework displays are ‘back with a bang’ as they return from 2026
Emily Sergeant
Council-organised firework displays in Manchester’s parks are set to return from next year, it has been confirmed.
You may remember that these once-popular events have not been held since 2019, as the COVID-19 pandemic initially prevented them from taking place from 2020 onwards, and then following that, they remained paused on a trial basis while the Manchester City Council sought to ‘reprioritise funding’ to support a wider range of free community events across the city.
But now, as it seems, the door was never shut on their potential return.
An ‘improved financial position’ now means that the Council is in a position to bring firework events back, while also still continuing to support other community events.
Papers setting out the Council’s financial position show that fairer funding being introduced by the Government next year will leave the Council better off than previously anticipated, he the reason firework displays have been brought back into the mix.
The Council has admitted that ‘pressures remain’ after so many years of financial cuts, but this new funding creates the opportunity to invest in the things residents have said matter the most to them.
“Manchester prides itself on free community events and we know many people have missed Bonfire night firework spectaculars,” commented Cllr Bev Craig, who is the Leader of Manchester City Council.
“That’s why we are pleased to confirm they’ll be back by popular demand in 2026.
“We know that generations of Mancunians have enjoyed Council-organised displays and that free family events are a great way to bring people together… [and] now that this Government is actually investing in Councils like ours rather than the cuts we had since 2010, we can bring back Bonfire events.”
Danny Jones -
12th June 2025 
