Sold to an "investment" firm.

That's that then. It'll be plundered, all value extracted, staff sacked, shops closed and in 10 years we'll see a "Remember Poundland? What happened to them?" on Buzzfeed UK.

The problem with pound land was always that they not only made their USP "everything for a pound" they baked it into their name and whole premise. So when inflation inevitably devalued the pound too far, little by little the number of items available at £1 dropped along with the quality of the products.

I can't tell you how disappointed I was to find out they had stuff in there that cost more than a pound. And what is the point of a pound shop that doesn't sell anything at a pound.

Terrible headline. It sounds like Poundland is fully going away, rather than them closing some shops and cutting the unprofitable fluff such as the clothing line (which is what the article says).

Ashens gonna get pissed.

A dark day for Ashens fans everywhere.

I'll buy it for 5€, I've already quintoupled the valuation.

"It's a pound, Alan. Everything's a pound! It's a pound shop!"

Please tell me poundtown is at least still one.... Was hoping to take my wife there again one day...

Fivepoundland set to open soon.

I've not bought anything there in a good long while. Not out of any sort of elitism but because they never seem to have anything I'd want.

That's what I call your mom's house /s

Home bargains is the supreme discount store at the moment. 79p for a Dr Pepper yeeee

if i offer a fiver can i have it

Ashens in shambles.

Really wish id bought that £1 branded toilet paper now, I assume this buyout will probs lead to asset stripping and the company eventually vanishing.

Still have the "THIS MUG COST £1" somewhere.

To be clear. US firm took on 30m in debt. Plus a promise to borrow 30m more if certain goals are achieved.

So it's technically 30 to 60m and £1

Oh man, I don't know whether to comment two squid or three fiddy.

I presume your irony meter exploded because you asked it to measure something that isn't in fact ironic at all?