skip to main content
  • *
  • *
Find Insight DIY on
* * *


Theo Paphitis acquires Robert Dyas

Theo Paphitis has confirmed via Twitter that he has bought the Robert Dyas business, with the statement:

“pleased to say just bought the retail business Robert Dyas ! I am in the ironmongery business !”

It has been reported by Retail Week that he will become the chairman of the Robert Dyas board, bringing in Ryman Group CEO, Kypros Kyprianou, as a director.

The majority of the Robert Dyas board will continue to hold their posts, including CEO Graham Coles. It is understood that Geoff Brady (current chairman) and Ian Gray (non-executive director) will leave the business.

Paphitis said: “I am very pleased with the purchase of the Robert Dyas business.

“It is a business which fits well with my investment criteria and I’m looking forward to working with the management team who have done an excellent job in getting Robert Dyas to where it is today.”

Source : Twitter; Retail Week

10 July 2012
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

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