skip to main content
  • *
  • *
  • *
Find Insight DIY on
* * *


Poundland Parent Moves Closer To IPO

Poundland shutterstock_1223281819 725 x 500.jpg

Sky News has reported that Pepco Group, the parent company of Poundland, is understood to be close to appointing banking advisors to oversee a stock market listing. 

An initial public offering (IPO) would likely value the company at approximately £3.4bn, but Steinhoff International Holdings - the South African retail conglomerate which owns Pepco Group - is not thought to have ruled out a sale of the business. 

Steinhoff is reportedly considering listing the business on the London and Warsaw stock exchanges.

Pepco Group operates 2,700 stores across 14 territories, the majority of which are in eastern Europe.  Trading fascias include clothing and home retailer Pepco, and discounters Poundland and Dealz. 

PWC was appointed to sell the two chains to raise money for Steinhoff's creditors, following a 2017 accounting scandal which saw the business overstate profits and assets by nearly $12 billion.

Steinhoff recently sold off its Bensons for Beds and Harveys furniture chains, for an undisclosed sum.  

Source : Insight DIY Team

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.

10 January 2020

Related News

view more UK DIY News

Insight DIY is the only source of market information that I need and they always have the latest news before anyone else.

Neil Anderton - Sales Director, British Ceramic Tile

Don't miss out on all the latest, breaking news from the DIY industry