Dealz owner Poundland buys rival 99p Stores business

Poundland is set to buy rival 99p Stores in a £55 million cash and shares deal 14 years after the family-run chain was founded.

Poundland describes itself as Europe’s largest single price value retailer. It has opened nearly 600 stores in the UK, Republic of Ireland and Spain since 1990 - trading in the latter two countries under the Dealz brand.