US Investment Firm Fortress Acquires Poundstretcher in a Strategic Move
Thursday, 11 April 2024, 11:04
Fortress Acquires Poundstretcher
US investment firm Fortress has bought the UK discount retail chain Poundstretcher for an undisclosed sum. The deal includes all 322 shops, with around 60 operating as Bargain Buys.
A Strategic Move for Retail Sector
This acquisition by Fortress, the owner of Majestic Wine and Punch pubs, signifies a key milestone in the industry. Poundstretcher, a long-standing discounter in the UK, has seen multiple rescue deals in its history.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.