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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Iconic Salford music venue The White Hotel to reopen under new ownership from 2027
Clementine Hall
After announcing plans to close at the end of the year, famed Manchester club The White Hotel is changing hands.
Just a couple of months ago back in May, it was announced that one of Greater Manchester’s most cutting-edge and best-loved nightlife venues would be closing its doors for good.
Despite ‘continuing to draw full houses’, co-founder Ben Ward told The Guardian that the venue had found itself in a flood-risk zone, saying: “Basically, it’s a swamp.”
He added that it was better ‘to go out on our own terms, long before we became a museum’.
But it seems the swamp may live on…and although it is the end for the cult favourite nightclub as we know it, the former garage in Salford will be reopening in new ownership from 2027.
From January onwards, the disused Dickinson Street space will be known as BASTION according to a social media post shared to Instagram yesterday.
It will be run by the team who operate neighbouring venue The Bag Factory and will be supported by the Strange Art Collective CIC.
Images: The Manc
The Bag Factory shared a black and white illustration of the iconic White Hotel’s exterior, along with coordinates to the venue, stating: “The underground has a new stronghold”.
Rather cryptic we must say, and although we hope The White Hotel that we know and love could stick around forever – we hope the new owners will keep some of its magic alive.
‘Own a landmark, create a legacy’ – Historic chimney goes on sale for £300k in Bolton
Emily Sergeant
How would you like to live in a big chimney?
I know that might sound like an odd question, and in some respects, it is… but we’re being 100% genuine, as over in Bolton there is currently a historic local landmark on the market with planning permission to make it into your new home, and it’ll only set you back £300,000.
‘Only’ is a bit of a stretch, but when you consider the magnitude of this property, it’s surprising that you’re able to get your hands on it for such a reasonable price.
This is Barrow Bridge Chimney.
Rising above the tranquil stone cottages and wooded valley of the stunning model village that is Barrow Bridge, this striking Victorian chimney stands as a lone sentinel of Bolton’s proud industrial past – and now, with full planning permission secured, estate agents say it offers an ‘extraordinary opportunity’ to reimagine history as a truly one-of-a-kind home.
A historic chimney has gone on sale for £300k in Bolton / Credit: Miller Metcalfe
Originally built in the early 19th century as part of the ‘ambitious’ Dean Mills complex, the chimney once crowned a thriving cotton-spinning hub founded by Thomas Bazley, who was one of the Industrial Revolution’s great innovators.
Long after the mills fell silent though, the chimney endured and remained a local landmark in Smithills visible for miles, and today this relic of the steam age is ready for its next chapter.
Approved plans for the chimney are described as being a ‘bold’ residential conversion that will honour its industrial heritage, while still creating a dramatic modern dwelling like no other in the town.
The planning permission is in place for a two-storey residence of approximately 3,939 sq ft, with a striking contemporary design blended seamlessly with practical living.
The planning permission is in place for a ‘striking’ two-storey residence / Credit: Miller Metcalfe
The approved plans include three spacious bedrooms (two with en-suites), a family bathroom, a downstairs cloakroom, and a study that can easily adapted to a four-bedroom, four-bathroom layout to suit modern family life.
What makes this an even more attractive prospect for future buyers is that the chimney is well-connected to both amenities and nature – with both independent businesses, good local schools, and convenient transport links on the doorstep, as well as parks and tree-lined walks.
“This is your chance to own more than bricks and mortar,” estate agents Miller Metcalfe said.
“It’s a chance to live inside a landmark, to shape its story for future generations, and to call a piece of Bolton’s proud industrial heritage your own. Enquire now to discover how you can transform this iconic chimney into a legacy home that will stand for generations to come.”
Fancy it then? Take a look at the property on Rightmove here.
Danny Jones -
12th June 2025 
