Poundland Owner Explores Sale; Rebel Ice Cream Files Bankruptcy

The owner of the discount chain Poundland is reportedly preparing to sell the company, less than two years after its last acquisition. This move comes as Rebel Ice Cream has filed for bankruptcy, following a significant legal defeat against Van Leeuwen over packaging design infringement, which resulted in a nearly $24 million judgment.

In other business developments, UK software group Pinewood has agreed to a £545 million takeover by private equity, while a former backer of Lebara Group is considering an acquisition of TalkTalk's consumer arm. Separately, a US retail giant, identified as Target, received a substantial $994 million pre-tax reimbursement from tariff refunds, significantly boosting its second-quarter operating income.