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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Two more people arrested as investigation into Dovestone Reservoir moorland fire continues
Emily Sergeant
Two more people have been arrested as part of the ongoing investigation into the devastating moorland fire near Dovestone Reservoir.
Yesterday (16 July 2026), a 19-year-old woman was arrested on suspicion of arson and has been bailed pending further police enquiries, before a man in his 20s has today (17 July) been arrested on suspicion of arson, and remains in custody for questioning.
These follow the arrest and subsequent charging of 20-year-old Shania Care-Slede, from Hyde.
Care-Slede has been charged with aggravated arson, being reckless as to whether life was endangered, and dangerous driving, and was remanded in custody before appearing at Manchester Magistrates’ Court this past Tuesday (14 July).
After the blaze broke out this past Saturday evening (11 July) at the popular beauty spot in Oldham, prompting a major multi-agency response, fire crews from Greater Manchester Fire and Rescue Service (GMFRS) have been working around the clock in challenging conditions to contain the fire and prevent further spread across the moorland.
Specialist wildfire resources, command support units, drone technology, and partner agencies have also been deployed as operations continue across multiple sectors of the incident.
To make matters worse, ‘strong’ winds carried smoke across parts of Greater Manchester – with reports of haze and the smell of burning being received from areas well beyond the immediate vicinity of the fire.
With three major arrests having already now been made, Greater Manchester Police (GMP) says its officers are continuing to pursue a number of lines of enquiry and are seeking to identify any other individuals who may have been involved.
“This investigation has been progressing at pace, we are nearly a week on and the fire at Dovestones is still ongoing, and it has had devastating effects it has had on the Reservoir,” commented Detective Inspector Andrew Day, of GMP’s Oldham division said.
“As this incident continues, officers would like to thank all emergency service partners for their support and dedication.
“In particular, our colleagues at Greater Manchester Fire and Rescue Service, whose firefighters have spent countless hours tackling the fire in demanding conditions.”
As criminal proceedings are now active, GMP is continuing to encourage people to ‘avoid speculation’ online, particularly on social media.
Anyone with footage or information that may assist the ongoing investigation can submit it via the Dovestone Fire Evidence Submission Portal here.
Featured Image – GMFRS
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Family-friendly LGBTQ+ festival returns to Manchester Pride 2026
Danny Jones
Exactly what it says on the tin, Proud Fest returns to Manchester for 2026, promising plenty of fun for all ages away from the main hustle and bustle this summer.
Best part of all? It’s completely FREE.
Taking place in the heart of the city centre, it offers a viable alternative to many who want to avoid the major crowds that flock to Gay Village’s Pride party every year.
Just the second year that this LGBTQIA+ festival has been set up, making its colourful debut in 2025, there’ll be everything from live music, games and other interactive opportunities for all ages, arts and crafts, plus workshops and plenty more; there’s something for everyone here.
Championing “entertainment, family-friendly activities, music, creativity, and plenty of Pride spirit”, the 2026 edition of Proud Fest is set to be one of the biggest ever.
Based around Great Northern Warehouse just off Deansgate and Peter Street, it’s set to be hosted by drag queen ‘Aida H Dee’, as well as Sara Gosney-Hughes, best-known for her travel expertise and work as a broadcaster and producer at nearby station Hits Radio.
With both calling Manchester home, alongside lots of other organisers behind the free festivities, you can expect plenty of hometown passion and pride – pun very much intended.
Set up in partnership with Proud 2 b Parents (P2bP), mums, dads and more will also be able to enjoy the official Pride parade from a viewing area in the dedicated Community Hall, where they’ll get a perfect spot to watch the floats and performers go down the strip.
Canal Street is already gearing up for those sublime, sun-soaked evenings at the end of August.
Speaking ahead of the latest iteration of the annual festival, Founder and CEO of P2bP, Matt Taylor-Roberts, told us in a statement: “Proud Fest is about creating the spaces many of us wished existed when we first became parents.
“It’s a celebration of LGBTQ+ families in all their diversity and a reminder that every family deserves to feel seen, supported and celebrated.”
At its core, this is about creating a safe and friendly option for families to still feel connected to the queer community and play their part in the wider celebrations.
You can grab your completely complimentary tickets right HERE.
And if you’re looking for other great days out for the family in Manchester this summer, there’s another free event happening at Circle Square earlier in the month.
Danny Jones -
12th June 2025 
