Blog: Will Poundland continue to prosper?
Dean Best | 4 May 2010
With consumers still watching the pennies, the likes of Poundland, the UK single-price retailer, look set to continue to prosper - at least in the short term.
That will be the hope of new owners Warburg Pincus, the US private-equity firm, which has paid a rumoured GBP200m for the business.
However, questions will be raised about the prospects for Poundland once the UK economy recovers, especially with the UK's major multiples continuing to expand into the general merchandise retailer's key non-food categories.
Poundland insists it can thrive in recovery. As Warburg Pincus will discover, UK retail is a very competitive environment and Poundland has some formidable competition.
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Immigration crackdown "risk" for US dairy industry
- Fonterra cuts earnings forecast
- Unilever invests in Dutch meat substitute project
- General Mills books lower 9M sales and profits