skip to main content
Find Insight DIY on
* * *

UK DIY News

KBB chain Betta Living, up for sale

The father-and-son team behind Betta Living will put the fitted bathroom and kitchen chain up for sale tomorrow.

Chairman Noel Dean and son James are looking for a private equity investor or a rival to take either a stake in the 47-year-old business or buy it outright.

An industry source said that Betta Living, which has 29 stores but will soon be selling through a major high-street name, should fetch well over £25m due to its recent growth spurt and upbeat prospects.

Brian Higgins, a partner at Betta Living's adviser, Rickitt Mitchell, said: "Betta Living is about to double its footprint, which is a very good base for a trade or private equity investor."

The news emerges as Dean House, which owns the Betta Living brand, announced record turnover and profit figures today. Pre-tax profit was up 44 per cent in 2012 to £1.5m off a turnover of nearly £30m.

Source : Mark Leftly – The Independent on Sunday
www.independent.co.uk/news/business/news/furniture-chain-betta-living-seeks-buyer-8562861.html

07 April 2013
view more UK DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry