Friday, a package of contenders will be submitting buyout offers for Poundland, the retail giant in difficulty, while its owner continues a quick exit from the British street.
Sky News learned that Endless, the recovery investor, and Hilco Capital, the new owner of Lakeland, are among the bidders who should submit indicative proposals for the company before a deadline set by the owner of Poundland.
The duo joins Alteri Investors, who owns Benson for beds, during the auction of Poundland.
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Modella Capital, which has just concluded an agreement to buy the High Street division of Wh Smith and announced this week rescue restructuring in Hobbycraft and the original factory, could also be one of those who argue to buy the discounter.
Poundland was put on sale by Pepco Group, its owner classified by Warsaw, in the middle of assembly losses and a fight to overthrow the share of the company.
Pepco confirmed in March that he planned to explore a sale of the company, Teneo hired to advise on an auction.
Last year, Poundland, which employs around 18,000 people, recorded around 2 billion euros in sales.
Earlier this year, Pepco, which is also negotiating as Pepco and Dealz in Europe, said Poundland had experienced sales of 7.3% during the Christmas negotiation period.
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In a commercial declaration that accompanies him, Pepco said that Poundland had undergone “a more difficult sales environment and a backdrop for consumers in the United Kingdom, in parallel with margins pressure and an increasing operating cost environment”.
The recent tax increases announced by Rachel Reeves, the Chancellor, in the last fall budget, also increased financial pressure on street retailers.
Hilco and Endless both refused to comment.