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.
The Company is a highly regarded building contractor, predominantly providing its services to clients in the commercial and retail sectors. The Company has experienced considerable growth since its foundation, with the strength of its workforce and s...
LEASEHOLD
Highly successful specialist agency operating for over nine years. Provides comprehensive cross-border debt recovery services for overseas banks with large UK portfolios of credit card debt. Primarily recovers debt from UK residents which was incurre...
LEASEHOLD
Provides cost-efficient, reliable general haulage services across the UK, specialising in same-day and next-day deliveries. Operating nationally, the company currently caters to 25 active clients nationwide, all of whom provide reliable, repeat busin...
LEASEHOLD
15
|
Jan
|
Buyer sought for portfolio of pubs | BUSINESS SALE
Five pubs that formerly operated under the Authentic Alehous...
14
|
Jan
|
Acquisitive RSK Group completes trio of deals | BUSINESS SALE
Cheshire-based technical services consultancy RSK Group has ...
13
|
Jan
|
Heat transfer equipment manufacturer falls into administration | ADMINISTRATION
Coventry-based Covrad Heat Transfer has fallen into administ...
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