B&M joins battle to ‘cherry pick’ Poundland stores in sale

Discount retailer B M has joined the tussle to pick off select Poundland stores as its Boston-based owner Gordon Brothers eyes a rushed sale of the company. London-listed B M European Value Retail is interested in acquiring a small number of Poundland stores, should the retailer be broken up if a buyer for the whole company is not found, sources told City AM.  B M will face competition from budget supermarket Lidl for Poundland’s best-placed stores. Last week, City AM revealed the German grocer had bid for a single Poundland shop in the hopes of cherry picking a handful more in the event of a break-up. A number of other retailers are understood to be interested in acquiring some of Poundland’s stores. These include The Range and Poundstretcher, which is owned by Fortress Investment Group. Lidl’s rival Aldi and B M competitor Home Bargains were reported to have been sniffing around the sale but City AM understands neither have submitted a formal bid.  Beyond the retail