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Poundland sold with a plan to restructure the business – Usdaw seeks urgent talks with the company and new owners

Retail trade union Usdaw represents members working for discount retailer Poundland and is seeking urgent talks after the business announced a new owner, with an intention to implement a turnaround plan. Poundland today announced its sale to Gordon Brothers, who have entered into a definitive agreement with Pepco Group to purchase the business.

12 June 2025

0 min read

Bally Auluk – Usdaw national officer says: “Pepco has been seeking a buyer for the Poundland business for some time, so it is a positive that the company now has a future under a new owner. We are aware that part of the deal is to restructure the business as part of a turnaround plan, and we look forward to being consulted on that at the earliest opportunity. We are seeking urgent talks with the company and new owners about their plans for the future of the business and what this means for staff. In the meantime, we are providing our members with the support, advice and representation needed at this time of uncertainty.”

Notes for editors:

Usdaw (Union of Shop, Distributive and Allied Workers) is one of the fastest growing unions in the TUC and the UK's fifth biggest trade union with around 360,000 members. Most Usdaw members work in the retail sector, but the union also has many members in transport, distribution, food manufacturing, chemical industry and other trades www.usdaw.org.uk

For Usdaw press releases visit: www.usdaw.org.uk/news and you can follow us on Bluesky @usdawunion.bsky.social and Twitter/X @UsdawUnion

Summary

Retail trade union Usdaw represents members working for discount retailer Poundland and is seeking urgent talks after the business announced a new owner, with an intention to implement a turnaround plan. Poundland today announced its sale to Gordon Brothers, who have entered into a definitive agreement with Pepco Group to purchase the business.