Pepco to look at 'every strategic option' for UK's Poundland

Pepco NV

10/12/2024 09:18

LONDON, Dec 10 (Reuters) - European discount retailer
Pepco Group  PCOP.WA  will examine "every strategic option" for
its struggling Poundland business in the UK, the group's new CEO
said on Tuesday.
    "It is important to look at every strategic option for this
company to bring it back on track," Stephan Borchert told
Reuters after the group booked a 775 million euros ($816
million) non-cash impairment charge for Poundland because of its
weak performance and outlook.
    Asked if Poundland would stay in the group, Borchert said he
would say more on the group's whole strategy and on Poundland
when he hosts a Capital Markets Day on March 6.

($1 = 0.9499 euros)

 (Reporting by James Davey; Editing by Sachin Ravikumar)
 ((james.davey@thomsonreuters.com))