While many other retailers were suffering the effects of the recession, business at Poundland was booming. Its stores sell more than 3,000 products, including food, household goods and DIY products, all priced at £1. The discount chain already claims to be Europe’s No 1 single-price discount retailer, operating from 290 locations, with further expansion planned. This year the private-equity firm Warburg Pincus acquired Poundland for a reported £200m. Under Jim McCarthy, chief executive, sales reached £509.8m in 2010.
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