Tue, 04 Apr 2017 | BUSINESS SALE
Bedroom furniture retailer Sharps, rescued out of administration six years ago, has been put up for sale for £80 million, it has been reported.
The Telegraph said Sharps’ owner, Sun European Partners, has appointed Spayne Lindsay to help manage the sale of the business.
Sun bought Sharps out of administration in 2011 after putting its other brands Dolphin Bathrooms and Moben Kitchens into insolvency. 600 jobs were saved but 550 employees were made redundant.
The company has turned Sharps around and it is forecast to post sales of £100 million this year. The business has 80 showrooms across the UK and has benefitted from increased demand for fitted wardrobes and storage units for smaller flats and houses.
Sun is also said to be exploring a £400 million sale or float of Dreams after rescuing that retailer four years ago.
Find retail businesses for sale.
Utilises a team of experienced drivers to provide tailored logistics solutions, with a focus on home delivery services, whilst also offering complementary warehouse solutions. Serves 20 active clients from a wide range of sectors, including retail, i...
Established for over 50 years.Provides a range of automotive electrical services including air conditioning, heating, tachographs, security systems, vehicle tracking and reversing aids for vehicle, plant and marine industries. Over 100 active clients...
Provides freight forwarding for a range of sectors, as well as warehousing and an array of other complementary services. Serves over 20 clients, with an 80% retention rate.Strong second-tier management team in place. Generates revenue on an internati...
PPL Corporation has announced that it has put its UK utility...
Samworth Brothers has completed the £6.4 million acqui...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources