Modella Capital has withdrawn from the bidding process to acquire Poundland and Dealz, leaving Hilco Global and Gordon Brothers as the leading contenders. The buyer will take on £30 million in debt and face the challenge of potentially closing up to 100 stores.
This development highlights the complexities involved in retail acquisitions, particularly for businesses facing financial pressures and market headwinds.
Hilco and Gordon Brothers are expected to present turnaround strategies aimed at stabilising and revitalising the two discount retail brands, both significant players in the UK value retail sector.