Iceland eyes Poundland stores as buyers circle budget retailer

Iceland is interested in buying a limited number of Poundland stores in the event the troubled retailer’s owners cannot find a single buyer, City AM can reveal.  The discount supermarket will be on the lookout for a small number of shops if Poundland’s 600-store estate ends up being split apart, sources said. Iceland, which specialises in frozen goods, runs more than 900 stores in the UK and holds 2.2 per cent of the UK’s grocery market. A spokesperson for the supermarket chain said: “Iceland are always looking at potential new locations as part of its ongoing operations.” Gordon Brothers, the Boston-based investment firm which owns Poundland, is hoping for a rush sale of the discount retailer and has received a number of offers for the entirety of the company. But Poundland could end up being broken up among a number of buyers if none of these bids are deemed suitable. Between six and eight retailers have tabled formal bids to buy just some of Poundland’s stores, w