Q:

Who owns Poundstretcher?

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Quick Answer

Poundstretcher is owned by Aziz Tayub, according to the Independent, a British newspaper. Aziz gained ownership after the company was purchased by Seaham Investments, a subsidiary of Crown Crest Group, the food and distribution company run by Aziz and his brother, Rashid.

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Full Answer

Seaham Investments acquired Poundstretcher after Aziz took control of the chain in 2010. It was previously a subsidiary of Brown & Jackson, which piloted a major rebranding effort to make the business more contemporary by changing the name of seven outlets to "...instore." However, Brown & Jackson abandoned the idea in 2007 after the new chief executive concluded it wasn?t working. Poundstretcher's original founders were Paul Appell and Stephen Fearnley, who established the company in 1981.

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