Alteri, the owner of Bensons for Beds, has emerged as one of several potential contenders to take over discounter Poundland.

The investment firm is reportedly gearing up for a bid for Poundland and is prepared to submit an offer over the coming weeks, according to reports by Sky News. 

Alteri is thought to be just one of a large number of potential suitors for the discount brand, which has been put up for sale by its parent company Pepco Group. 

Pepco, which is headquartered in London but listed on the Polish stock exchange, confirmed it was “actively exploring separation options” for Poundland in March. 

To aid the process, Pepco drafted in management consultancy firm Teneo to advise on a potential auction. 

Pepco said at the time that the UK’s challenging retail landscape and additional tax changes stemming from the Budget has only exacerbated problems for Poundland’s cost base. The retailer posted a like-for-like sales decline of 7.3% in the quarter to December 31, 2024.

It also announced that former Poundland chief executive Barry Williams would return to the retailer in a permanent role as managing director with immediate effect.

Pepco said it would focus on the one format going forward, as it sees significant space to open stores and continue growing across central and eastern Europe, along with select western European countries.

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