Pepco news and archive

Pepco Group's strong FY25 results validate return to clothing and general merchandise

Pepco Group N.V., the leading pan-European variety discount retailer, has reported a "real turning point" in its preliminary results for the 12 months ended 30 September 2025. Following the implementation of a new strategic framework in March 2025, the Group delivered strong financial performance driven by a return to its core model of clothing...

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Pepco to close 28 stores in Germany

Following the insolvency filing of the discounter Pepco's German subsidiary in July, the restructuring plan for Pepco Germany GmbH was presented on Tuesday. The plan involves significant cuts to its store network. Pepco Germany to close 28 stores In recent weeks, the management has undertaken “an extensive analysis of the store network in...

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Pepco Group FY25 revenue expected to exceed 4.5 billion euros

Pepco Group N.V. has reported a pre-close trading update for the full fiscal year 2025, with results for the continuing Group (excluding Poundland) expected to be in line with prior guidance. The company anticipates revenues will exceed 4.5 billion euros, driven by continued momentum in like-for-like (LFL) revenues, which are up 2.7 percent for...

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Gordon Brothers snaps up Poundland, to inject 80 million pounds into turnaround

Restructuring and investment firm Gordon Brothers has emerged as the buyer of Poundland. As a result, the British budget retailer will receive an 80 million pound financing boost to back a ‘Proposed Restructuring’, agreed on by all three parties, including former owner Pepco Group. Details on this plan are expected to be shared by Poundland in “...

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Pepco Group: Poundland poses further problems in first half

Retail group Pepco Group NV increased its sales in the first half of 2024/25, but faced further difficulties with the Poundland retail chain. In the six months to March 31, the discounter generated sales of 3.3 billion euros, according to preliminary figures published on Thursday. This represents growth of 4.3 percent compared to the same period...

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Pepco chair exits as new governance changes are prepared

Andy Bond, the chairman of Pepco Group, has announced his intention to step down from the budget retail conglomerate following the company’s upcoming AGM on 12 March. Bond’s departure comes after 13 years with Pepco, which then revealed that Frederick Arnold was to be his successor. Arnold is currently a non-executive director at the company,...

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Former Poundland MD to return as Pepco reviews business

Barry Williams, the former managing director of Poundland, is understood to have returned to the board of the struggling budget retail chain as its parent company, Pepco Group, reviews the business. According to a report by The Grocer, Williams is believed to have taken up a supervisory role on an interim basis to run a “comprehensive assessment...

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Pepco reportedly calls in advisors to explore ‘radical options’ for Poundland

Pepco Group, the Polish owner of budget store chain Poundland, is believed to have appointed advisory firm AlixPartners to address an ongoing sales slump at the firm. According to Sky News, Pepco has hired consultants to explore “radical options” for Poundland, with a formal restructuring plan or a potential sale of the business said to be among...

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Poundland Struggles in Q3; Pepco Group plans revival

European discount retailer Pepco Group delivered first quarter revenue of 1.9 billion euros, with constant currency growth of 3 percent versus last year. However, LFL revenues declined 1.1 percent, with a positive performance from both Pepco and Dealz offset by continued challenges in the Poundland business. In December the company’s CEO Stephan...

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Pepco mulls strategic options for struggling Poundland

Following a lacklustre financial year at Poundland, the UK discount retailer has now come under the lens of its parent company, Pepco Group, which is hoping to initiate a turnaround in its performance. Speaking to Reuters, Pepco’s new chief executive officer, Stephan Borchert, said the company was looking into “every strategic option” for the...

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Pepco Group records strong FY24 financial results

European variety discount retailer Pepco Group, in its preliminary unaudited results statement for the 12 month period said that revenue of 6.2 billion euros, increased by 10.2 percent, driven by new store growth. Like-for-like (LFL) revenue declined by 3.2 percent during FY24. Pepco revenue increased by 14.2 percent; Poundland by 0.2 percent...

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Pepco Group posts Q3 revenue growth, maintains outlook

Discount retailer Pepco Group’s year to date revenue of 4,681 million euros increased 10 percent at constant currency, while third quarter revenue of 1,481 million euros, increased 8 percent. The company, owner of the Pepco and Dealz brands in Europe and Poundland in the UK reported a like-for-like (LFL) revenue decline of 4.3 percent in the...