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Poundland to tap emergency overdraft after Christmas trading slump
Yahoo Finance· 2025-12-24 12:34
Visits to Poundland were down 13pc year-on-year on Dec 23, typically one of the busiest shopping days - Reuters Struggling discount chain Poundland is preparing to call on millions of pounds in emergency financing to combat a worrying slump in trading. The retailer will soon begin drawing down on a £30m overdraft granted by its previous owners, Pepco. The Polish company agreed to provide the capital in a last-ditch deal to offload the business to new investors. The chain was rescued in the summer by di ...