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).
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.
“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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Jet2 and Greggs is offering Mancs the chance to win a luxury holiday for the price of a sausage roll
Thomas Melia
Jet2 has teamed up with Greggs to announce a new competition where you can win a holiday for the price of a sausage roll.
If you didn’t know by now, ‘Nothing beats a Jet2 Holiday’, and as the British budget airline launches its latest collaboration where you can win a holiday for the same price as a sausage roll, we’d say that’s pretty accurate.
Fancy laying down in the scorching heat and baking yourself just like a trusty Greggs sausage roll? Well it’s a good thing these two iconic companies have teamed up then, because now you can do just that.
Jet2 and Greggs are giving away a three-night all-inclusive holiday to Marbella for the same price as everyone’s flaky-pastry favourite priced at £1.30.
In a video shared to social media, internet personalities Charley Marlowe and Luke Hamnett announced this brand-new offer in an extremely on-brand way.
The video sees the pair taking on very different roles, quite literally, as Hamnett dresses as a sausage roll while Marlowe tries her hand as a cabin crew member.
This exclusive campaign sees you in with the chance of winning a three-night all-inclusive holiday to the luxury Spanish destination, staying at Iberostar Selection Marbella Coral Beach from 2 October – 5 October 2025.
Jet2 and Greggs is offering a luxury holiday for the price of a sausage roll / Credit: Laura Barry (via Unsplash) | Greggs
On top of this, you’ll also get a handful of Jet2 and Greggs co-branded goodies sent to your door before take-off, and there may even be a present or two in your hotel room as well.
I think it’s safe to say there certainly will be carbs in Marbs.
Police ‘stop and search’ powers authorised following double stabbing in Piccadilly Gardens
Emily Sergeant
Section 60 ‘stop and search’ powers have been introduced in Manchester following a double stabbing in Piccadilly Gardens last night.
Beginning this morning (Thursday 3 July) and set to be in place for 24 hours, Greater Manchester Police (GMP) has authorised a section 60 in the city centre, with powers effective on Ring Road between Great Ancoats Street and Trinity Way, and Irwell Street between Trinity Way and New Quay Street.
Police will have the right to stop and search anyone they have suspicions over within the area during the authorised time frame.
The section 60 powers come under the 1994 Criminal Justice and Public Order Act, and after having run for the full 24 hours, is set to expire at 12:53am on Friday 4 July 2025.
The section 60 authority comes after GMP says it received multiple calls of an ‘ongoing disturbance’ where weapons were ‘seen and had potentially been used’ in Piccadilly Gardens, and when officers attended the scene, they found two men – one in his 20s and another in his 30s – both with stab wounds.
#INCIDENT | This morning (Thursday 3 July 2025), we authorised a Section 60 authority in the outlined area of the city centre.
The Section 60 is in place following a double stabbing in Piccadilly Gardens at around 12.50am.
— Manchester City Centre Police (GMP) (@GMPCityCentre) July 3, 2025
Both men remain in hospital at this time – with one receiving ongoing treatment, and the other remaining in critical condition.
No arrests have been made at this stage, and investigations are ongoing.
“The Section 60 authority put in place overnight gives officers additional powers which will be utilised to prevent any further incidents or the carrying of weapons,” commented Chief Inspector Rob MacGregor, from GMP’s City Centre division.
“There will be a significant presence of officers, particularly on foot patrol in the area today.
“If you have any concerns or any information, then please speak to those officers who will reassure and respond to any queries.”
CI MacGregor added that Section 60 powers are ‘crucial’ to preventing potential further offences or instances of violence in the community.
Anyone with information or footage relating to this incident is urged to contact GMP on 101, quoting log 71 of 03/07/2025, or report it via the LiveChat online at www.gmp.police.uk.
Alternatively, you can contact Crimestoppers anonymously on 0800 555 111.
Danny Jones -
12th June 2025 
