
13/06/2025
BREAKING: Poundland Sold for £1 – Shop Closures Expected Amid Rising Costs
In a surprising move, Poundland has been sold for just £1, with reports confirming that some store closures are now expected in the wake of the sale.
Sources close to the deal suggest that rising operational costs – particularly the recent increases to the minimum wage – played a major role in the decision to sell.
The bargain retailer has struggled to maintain its low-cost model under growing financial pressure.
While the new owners plan to restructure the business, staff and customers across the UK could soon feel the impact, as closures and job cuts are likely to follow.
This marks a major shake-up for one of the UK’s most well-known discount chains.
Stay tuned for more updates as the story unfolds. Elonat Magazine #