Poundstretcher

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Poundstretcher Limited is a British variety store chain, founded in 1981 by Paul Appell and Stephen Fearnley. In March 1989, Brown & Jackson plc acquired Poundstretcher, and in September 2003, announced that some Poundstretcher locations would be gradually converted into their new Instore format. In February 2006, it was announced that Instore had issued a profit warning, and in February 2009, a programme to convert all Instore locations to Poundstretcher began. In March 2009, Aziz Tayub would increase his shareholding to become the majority owner of Poundstretcher, becoming the ultimate owner by March 2012. In September 2018, Poundstretcher began opening new stores under the Bargain Buys fascia, and later converting its larger-format Poundstretcher stores to Bargain Buys. In April 2024, Poundstretcher was sold to Fortress Investment Group.