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- Poundland is a UK-based chain of discount stores that sells items for £1 or less. Poundland is owned by Pepco Group, a European retail company that also operates Pepco and Dealz brands1. Pepco Group is a subsidiary of Steinhoff International, a South African-German conglomerate that bought Poundland in 2016 for £610m2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Pepco Group, which owns Poundland in the UK, is expected to convert up to 71 Wilko outposts to the Poundland brand.www.bbc.co.uk/news/business-66789546
An estimated 7 million customers shopped in Poundland every week in 2016, many being female shoppers in the C1, C2, D and E categories (the working classes in a system of demographic classification used in the United Kingdom). Following a drop in share price of over 50%, Poundland was acquired in August 2016 by Steinhoff International for £610m.
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