History
In 1999 the British retailer ...instore (then Brown & Jackson plc) expanded into Poland, where they opened Poundstretcher shops in the country. [5] Following poor performance, B&J Poland was sold to South African firm Tradegro in 2002 and was taken over by Pepkor in 2004. Following the takeover, the businesses and shops were rebranded to Pepco. [6]
From 2013 onwards, Pepco began to expand into other European markets: [7] [8]
- 2013 – opened shops in the Czech Republic and Slovakia [9]
- 2015 – opened shops in Romania [10] and Hungary [11]
- 2017 – opened shops in Croatia, Slovenia and Lithuania [12]
- 2018 – opened shops in Latvia [13] and Estonia [14]
- 2019 – opened shops in Bulgaria [15]
- 2020 – opened shops in Italy and Serbia [16]
- 2021 – opened shops in Spain and Austria [17]
- 2022 – opened shops in Germany, Greece [18] and Ireland [19] [20]
- 2023 – opened shops in Portugal, [21] Bosnia and Herzegovina, [22] and Azerbaijan [23]
In 2023, the majority (79%) shareholder of Pepco, Steinhoff International was delisted and restructured in a plan to avoid bankruptcy following years of lawsuits and heavy losses after holes in the company's accounts were exposed in December 2017. [24] Any bankruptcy was however not expected to harm Pepco given its strong balance sheet and independent sources of finance. [25] Following the restructure 2023 Steinhoff's shareholding was transferred to the new entity Ibex Topco B.V. [26]
In March 2025, Pepco's parent company Pepco Group announced that they would be mostly focusing on the retailer from now on, trying to separate Poundland, the group will also try to sell Dealz. [27]
In June 2025, Pepco Group sold Poundland and the Irish business of Dealz to Gordon Brothers for a nominal one pound sterling. [28] Pepco retains a minority shareholding of the new Poundland group.
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