Poundland founder would have bought business back

Poundland founder Steve Smith reveals he tried to buy back the business, expressing regret at missing the opportunity as it was sold to US investment firm Gordon Brothers. The business, known for its £1 concept, faces restructuring with potential store closures and distribution center shutdowns. Smith highlights the importance of maintaining the unique one-price model while acknowledging the need for price adjustments and supplier support amidst the changing retail landscape.