Poundland up for sale as budget tax changes drive up costs
by Sarah Butler and agencies from on (#6VQM9)
Owner Pepco Group considers all strategic options' amid increasingly challenging UK retail landscape'
Poundland is to be put up for sale after the owner of the UK cut-price retail chain said it faced tough competition and increased wage costs from next month under Labour's tax-raising plans.
The Poland-based Pepco Group said it was considering all strategic options" to spin out the struggling 825-store chain from the wider group, including a potential sale, as it focused on its more profitable Pepco brand.
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