Poundland agrees to buy 99p Stores for 5,500,000,000p

Poundland hopes to acquire 251 shops, expanding its dominance of the single-priced retail market

Poundland, UK
(Image credit: 2014 AFP)

Poundland is set to increase its dominance of the single-priced retail market with plans to buy rival 99p Stores for £55m.

The transaction will add 251 outlets to its 600-strong estate, as well as a warehouse and distribution centre.

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