Discount retailer Poundland bought for £597 million

Discount retailer Poundland bought for £597 million View Gallery
Dealz owner expanding into clothing

Discount retailer Poundland, which operates the Dealz chain in Ireland, has agreed to a £597 million takeover deal that will see South African retailer Steinhoff International assume control of it.

“Steinhoff is a well-capitalised, international business with a clear and proven commitment to value retailing. They share our vision for the growth and expansion of Poundland and, as such, we believe they are a suitable and appropriate partner for our colleagues, our suppliers and stakeholders.”

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