Steinhoff's interest in Poundland comes after unsuccessful bids earlier this summer for Home Retail Group, the owner of Argos, which is being sold to Sainsburys, and electrical retailer Darty, which is being acquired by French chain Groupe Fnac. (legalweek.com)
Sainsbury's, Britain's second biggest supermarket, said it made a bid approach to Home Retail in November, which was rejected. (cnbc.com)