Pepco news and archive

Fresh start with 36 stores: Pepco Germany ends insolvency proceedings

Last summer, the German subsidiary of retailer Pepco NV filed for insolvency. Following a comprehensive restructuring that included significant cuts to its store network, the discounter is now set for a fresh start in the country. The self-administered insolvency proceedings for Pepco Germany GmbH, which began on October 1, will end on February...

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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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Poundland to bring clothing range back in-house

Poundland has said that its "successful clothing business” is to return in-house by early 2026, following the budget retailer’s acquisition by Gordon Brothers last month. Poundland had previously tasked an in-house team with developing a clothing range prior to shifting its sourcing under former owner Pepco Group. A spokesperson for the company...

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Pepco Group reports strong Q3, announces share buyback program

Pepco Group N.V., the variety discount retailer, today released its trading update for the third financial quarter of FY25, ended June 30, 2025. The report highlights robust performance, particularly from the 'New Pepco Group' (comprising Pepco and Dealz Poland) following the completed sale of Poundland on June 12, 2025. The 'New Pepco Group'...

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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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Former Cath Kidston owner Hilco joins running for Poundland

Hilco Capital has reportedly joined the race for British budget retailer Poundland. The investing firm, which most recently acquired Lakeland, is said to be mulling a bid for the chain store alongside Alteri Investors and turnaround firm Endless. Modella Capital, which is overseeing the ongoing restructuring of The Original Factory Shop, is also...

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Pepco appoints advisors to handle potential sale of Poundland

Pepco Group has reportedly appointed advisors at Teneo to handle the sale of Poundland, a UK budget retail chain. If offloaded, the move could put at risk the retailer’s 825 stores. The news comes on the back of a Capital Markets Day investor presentation last week in which Pepco’s chief executive officer, Stephan Borchert, said the company was...

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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...