Warsaw pact: How Poundland’s poor performance is starting to weaken its Pep&Co alliance
While its parent company Pep&Co is flying, Poundland has problems. Why is the high street value staple performing so badly at a time when it should be going from strength to strength?
Earlier this week, discount giant Pep&Co dropped into the red after the poor performance of Poundland weighed heavily on its results. The Warsaw-listed retailer swung to a €554m (£456.8m) loss, compared to a €154m (£126.9m) profit the previous year.
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