Poundland Owner Joins Suitors for Harvey Nichols The latest development in the high stakes game of retail consolidation has seen Warburg Pincus, the owner of discount store Poundland, join a list of suitors vying to take control of luxury department store chain Harvey Nichols.
The news comes as no surprise, given the tumultuous state of the UK's retail sector, where chains like Toys R Us and Maplin have gone out of business in recent years. Who's Behind the Bid?
Warburg Pincus is a private equity firm with a reputation for turning around struggling retailers.