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Business · 31 minutes ago

Flying Tiger owner Modella drops its bid to buy all of Poundland

Flying Tiger owner Modella drops its bid to buy all of Poundland

Ardfern via Wikimedia Commons (CC BY-SA 4.0)

The investment firm is still keen to grab specific locations if current owner Gordon Brothers breaks the budget chain apart. Between six and eight rival retailers, including Lidl and Iceland, have already submitted formal offers to take their favourite high street spots. However, Irish business Martin Property Group remains the preferred choice to rescue the entire company before the busy Christmas period begins.

Reported by City AM · How we write briefs

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