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).
ADVERTISEMENT
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.
ADVERTISEMENT
“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
News
Pat Regan at the Fairfield Social Club – a brilliantly unhinged evening of standup comedy
Clementine Hall
There’s a particular kind of chaos that only Pat Regan can deliver, and the recently re-recognised Fairfield Social Club got the full force of it last night.
Making his Manchester debut as part of the ‘A Lovely Time’ series at the equally as lovely Fairfield Social Club, the New York comic, writer, and podcast host arrived with the energy of someone who had already lived through three emotional breakdowns before breakfast and somehow still had the worst to come.
Known for his work on HBO’s Hacks and the cult-favourite podcast Seek Treatment with fellow comic Catherine Cohen, Regan’s stand-up feels less like your traditional comedy set and more like being trapped in the world’s funniest group chat.
The perfectly intimate room beneath Fairfield’s railway arches was packed with adoring fans who were immediately on side as Regan launched into stories about traumatic trips to Paris, Grindr dates, massage tables and having crushes at the gym.
The audience was in the palm of his slightly sweaty hands (don’t worry, he’ll be fine with me saying so), laughing at every awkward punchline and self-deprecating anecdote.
The material is nothing groundbreaking, but this is what makes it so deeply hilarious; never before has shopping for the perfect pair of jeans been so serious and unserious at the same time.
There was laughter rolling through the venue for virtually the entire set, and after an hour of never-ending quips and jokes, we were left wanting more.
And the best part is, it won’t be long until we get more from this place, and it’s no wonder they’re starting to get the hosting plaudits they deserve.
It’s safe to say Fairfield Social Club has become one of Manchester’s most exciting homes for alternative comedy, and this felt like exactly the sort of booking that justifies its growing reputation.
By the time Regan left the stage, the audience looked equal parts exhausted and delighted. An absolutely classy evening indeed.
Find out about what else is on at the Fairfield Social Club HERE.
First-ever JD Wetherspoon pub to open at Manchester Airport
Danny Jones
In news that we feel many Mancs and travellers all-round have been waiting on for a long time, the well-known British chain, JD Wetherspoon, will be opening its first-ever pub at Manchester Airport.
That’s right: soon that first airport pint of the holiday could actually be a relatively cheap one.
While Wetherspoons are no strangers to popping up in terminals across the UK and Ireland, they’ve never done so here in Manchester despite having three, yes THREE, in Gatwick alone.
Not for much longer, though, as soon T2 will be lending more than 3,000 square feet of its prime leisure and retail real estate to a new Greater Manchester ‘Spoons’.
Posting on social media, the airport wrote: “Wetherspoon comes to Manchester Airport this September! The pub will be located in the Terminal 2 Departures lounge and will have more than 300 seats.
“This will become the final major food and drink venue to open its doors as part of our decade-long £1.3bn transformation of Terminal 2. It will be named ‘The Belle Vue’, in a nod to Manchester’s historic showground [now a sports complex and leisure hub].
“It was a focal point for social life in the city from the Victorian period up until 2020, when the final event was held at Belle Vue stadium. The design of the pub is inspired by the history of Belle Vue and the sporting culture of the North West of England. We look forward to welcoming you all in September!”
While a lot of money has been pumped into T2’s refurb as a whole over the past few years, it remains unclear just how much this particular new addition will cost; we do know that great sums were set aside for the launch of the Great Northern Market last year.
The inaugural Manchester Airport Spoons is just the latest in a series of major renovations.
As mentioned, the company already operate several up and down the country – 10 airport pubs, to be specific – but this will be the first in the North West.
Speaking on the news, JD Wetherspoon chief executive John Hutson said in a statement: “We are looking forward to opening at Manchester Airport. We believe our new pub will prove popular with travellers of all ages and be an asset to the new terminal.”
With Manchester Airport adding a dozen new routes to its roster this summer, you can expect to see even more people flying in and out than ever – no doubt having already polished off a cut-price pint or two beforehand.
Danny Jones -
12th June 2025 
