Poundland was acquired by Steinhoff Europe for £610m

In September 2016, Poundland was acquired by Steinhoff Europe for £610m. As a consequence, Poundland shares have been delisted from the London Stock Exchange. Steinhoff’s vertically integrated business model is based upon a strategy of sourcing and manufacturing products at low cost and distributing them to its value-conscious customer base through its extensive retail footprint.