Lease assignments are expected to be completed in early Autumn, enabling these stores to join Poundland’s existing 800-plus UK estate and trade through the important fourth calendar quarter of 2023. On completion, Poundland will prioritise recruitment for roles into these stores with existing Wilko colleagues.
DWF's multi-disciplinary team was led by London partners Paddy Eaton (Corporate) and Mark Shepherd (Real Estate), with support from Matthew Williams (Restructuring), Nick Dent (Employment) and Dimitris Sinaniotis (Competition), also based out of London.
Paddy Eaton said: "We are delighted to have assisted Pepco Group and Poundland with this latest strategic transaction, enabling Poundland to accelerate its existing transformation programme."
Andy Bond, executive chairman of Pepco Group, said: “The agreement to assign a number of Wilko store leases to Pepco Group will help to bring Poundland’s value and wide offer to even more customers in the UK. It will be pleasing to offer employment to a number of Wilko’s colleagues - who will benefit from being part of a successful and fast-growing pan-European variety discount group."
DWF's multi-disciplinary team was led by London partners Paddy Eaton (Corporate) and Mark Shepherd (Real Estate), with support from Matthew Williams (Restructuring), Nick Dent (Employment) and Dimitris Sinaniotis (Competition), also based out of London.
Paddy Eaton said: "We are delighted to have assisted Pepco Group and Poundland with this latest strategic transaction, enabling Poundland to accelerate its existing transformation programme."
Andy Bond, executive chairman of Pepco Group, said: “The agreement to assign a number of Wilko store leases to Pepco Group will help to bring Poundland’s value and wide offer to even more customers in the UK. It will be pleasing to offer employment to a number of Wilko’s colleagues - who will benefit from being part of a successful and fast-growing pan-European variety discount group."
