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Poundland impairment charge has cost Pepco hundreds of millions in losses

By Ellis Hawthorne2024-12-10T07:31:00

Poundland store

Source: Poundland

Poundland owner Pepco has reported a net loss due to a non-cash impairment charge for the high street discounter.

New Pepco chief executive Stephan Borchert said: “At Poundland, recent performance has been very challenging”