Value giant Poundland has received two new takeover offers, according to reports.
It is understood that Poundland received two new takeover offers on Friday, ahead of the bid deadline for the value retailer.
The new owner of Lakeland, Hilco Capital, and turnaround investor Endless are understood to have put forward âindicative proposalsâ, according to Sky News.
The pair joins Bensons for Beds owner Alteri among the names understood to be in the auction for Poundland.
Poundland parent Pepco Group confirmed in March that it planned to explore a sale of the retailer and hired management consultancy firm Teneo to advise the business.
Pepco, which is headquartered in London but listed on the Polish stock exchange, previously said the UKâs âchallenging retail landscapeâ and further pending tax charges as a result of the Budget had heightened problems for Poundland and its cost base.
Hilco and Endless both declined to comment.
For the quarter to December 31, 2024, Poundland reported a like-for-like sales decline of 7.3%.
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