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Discount retailer Pepco is selling its loss-making Polish chain Dealz to a European retail investor. With this move, the group is withdrawing from the FMCG sector to focus on its core business.
Strategic transformation
Pepco has entered into a preliminary agreement regarding the sale of 100% of the shares in Dealz Poland to a newly established company founded by a specialized European retail investor. The retailer announced this in a press release. The group, which also sold its British subsidiary Poundland last year, wants to focus entirely on its faster-growing and more profitable chain Pepco, which specializes in textiles and general non-food items.
