skip to main content
Find Insight DIY on
* * *

UK DIY News

Harveys & Bensons For Beds Put Up For Sale

Bensons for Beds Comfort Station.jpg

Alteri Investors, the group that bought Bensons For Beds and Harveys from Steinhoff in November 2019, has appointed BDO to help sell the two furniture chains.

Sky News reported that Alteri, which focuses on European retail sector investments, has planned an 'accelerated auction process', with funded takeover proposals to be received within two weeks.

The chains operate from a network of 269 stores and employ around 2,700 staff.

It is understood that Alteri could be interested in retaining the Bensons For Beds business which could leave Harveys at risk of collapse if a buyer is not found. 

At the time of the purchase, Alteri chief executive Gavin George said: “This is exactly the type of investment opportunity our second fund was launched to find – trusted retail brands with strong management and the potential for profitable growth,” 

“We are confident that our operational capabilities, alongside the injection of fresh capital, can help to build a market-leading, vertically integrated business with a strong omnichannel presence.”

Source : Insight DIY Team

For all the very latest news and intelligence on the largest UK home improvement and garden retailers, sign up for the Insight DIY newsletter.  

16 March 2020

Related News

view more UK DIY News
*

Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

*
Paul Boyce - European CEO, QEP Ltd.
Newsletters

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