DFS could fetch £500 million - leatherbiz: Leading news site for the g Leatherbiz

News

DFS could fetch £500 million

01/02/2010

The UK’s largest sofa retailer DFS may be sold to private equity firm Permira and retailer John Lovering. It is believed the deal could be worth more than £500 million ($793.4 million).

Founder and owner of the leather and fabric furniture specialist, Lord Kirkham, is working with Goldman Sachs, which has invited a number of acquisition firms to bid for a majority stake in the business. According to reports, several other bids may be in the pipeline.

Lord Kirkham founded DFS 35 years ago and took it private again for £507 million in 2004. The company appears to have benefited from the demise of rival firms Land of Leather and MFI.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.