Discount retailer B&M plots offer to cherry-pick shops from rival Poundland

London-listed B&M European Value Retail has entered the competition to acquire specific Poundland stores. This move comes as Gordon Brothers, the Boston-based owner, considers a rushed sale of the company. B&M is interested in cherry-picking a small number of sites should the troubled retailer be broken up, especially as Poundland teeters on the brink of administration. The discounter aims to secure strategic locations from its rival during this period of significant corporate instability.