HALVES its stake in the UK's largest sofa retailer

ultraProductionSOFA maker to focus on growth of key accounts and will specifically seek to increase its presence in the home shopping and online markets.

walkerGreenbankDEAL worth £25 million cash upfront, plus further performance-related earn-out consideration

APPOINTS new md for retail finance arm

INVESTMENT firm has ex-Argos boss and former IKEA CFO among its advisers and was an early-stage backer of interior design online retailer Houseology

DEAL for Yorkshire underlay maker adds to those already completed for Interfloor, Whitestone Weavers, Abingdon, Westex and Quest Carpets

SHARE placing raises €2.45 billion. Proceeds will replace facilities put in place to acquire Mattress Firm and Poundland

sliderobesStoFascNEW OWNERS have taken a majority shareholding in the bedrooms business Sliderobes Group, whose products are sold through 15 sites across England, Ireland and Scotland.

ONLINE property for sale following administration of parent company

FurnStocksThSHARE prices of home furnishing companies — which collapsed in the days following the Brexit vote — have since recovered to 23rd June levels.

ashleyManorBUSINESS as usual say Ashley Manor, AMX Design and Alexander & James founders, who remain with the business as it enters “new era of growth.”

STEINHOFF International Holdings NV has agreed a $3.8 billion (£2.9 billion) deal to acquire US bedding retailer Mattress Firm Holding Corp.

forrestFSTERLING Furniture Group has bought privately owned Glasgow retailer Forrest Furnishings in a deal that strengthens its grip on the Scottish independent retail sector.

COMPETITION regulators have approved the takeover of Argos, allaying fears the deal could be held up for months by a lengthy inquiry.

WestbridgeSophiaPRIVATE equity company NorthEdge Capital has backed a management buyout at Belfield Furnishings, owner of major upholstery manufacturer Westbridge Furniture Designs.

THE BOARD of discount chain Poundland Group Plc has agreed to a £597 million sale of the business to Steinhoff International Holdings NV.

CollinsHayesSmFURNITURE investment group Wessex Bristol has acquired upholstery manufacturer Collins and Hayes from mattress, upholstery and sofabeds producer Airsprung Group Plc.

BoConceptBournemouthTHE SALE of global furniture franchisor BoConcept A/S to an affiliate of UK private equity firm 3i Group Plc has been confirmed after shareholders and regulators green-lighted the offer.

retailParkStoresBRITISH furniture and furnishings retailers were among the hardest hit as share prices slumped in the wake of last Thursday’s referendum, where voters chose to leave the European Union.

BoConcept fasciaOWNERS of BoConcept A/S have agreed to sell the Danish furniture company to an affiliate of London headquartered private equity company 3i Group PLC.

FurnitureBarnKiddFurniture retailer Lee Longlands has acquired four of the remaining Furniture Barn stores, which have been trading through administration since last year.

argosConcessionBensons and Harveys owner Steinhoff has ended its interest in Argos owner Home Retail Group, instead pursuing a deal to buy French electronics retailer Darty.

Today is the deadline for both Steinhoff and Sainsbury’s to firm up their takeover approaches for Home Retail Group, owner of general merchandise retailer Argos.

lanoCarpetsFlooring group Victoria PLC says it is in early-stage discussions regarding the possible takeover of Belgian carpets giant Lano in a move that would represent its sixth acquisition in under two years.

parkFurnHome department store retail group Leekes has announced it has agreed to buy third generation retailer Park Furnishers. Terms were not immediately disclosed.

Sainsbury’s has been given an extension to decide whether or not to make a firm bid for Home Retail Group, owner of Argos, after Steinhoff made an approach Friday.

H.Dawson Sons & Company, a wool supplier based in Yorkshire, has acquired a majority stake in Axminster Carpets, the Devon manufacturer rescued from administration in 2013.

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