The owner of Poundland, Pepco, and Dealz is planning to create around 13,000 net new jobs across Europe in the next three years as it opens more stores across the region.

Pepco Group boss Andy Bond revealed the plans in an exclusive interview with Reuters.

He told the news agency that the majority of the new jobs would be in continental Europe.

"Unlike many bricks and mortar retailers which are all about stories of 'haven't we done a good job where we're staying alive', we're very confident about our growth," said Bond, who used to run British supermarket chain Asda.

The chief exec said Pepco could benefit from inflationary pressure as people become more price-sensitive.

The company currently worth around $8.13 billion, with roughly 35,000 employees across 3,400 stores in 16 countries.

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