Fri, 22 Aug 2014 | BUSINESS SALE
Furniture retailer DFS has purchased furnishings brand Dwell for an undisclosed amount, in a move designed to consolidate their existing relationship.
DFS began providing financial assistance to Dwell in February, helping to prop up the limping business after being hit by a drop in customer spend and other recession-related troubles.
Dwell’s founder Aamir Ahmad came back to the business, which had been placed in administration, after having left in 2012. With 23 stores at its peak Dwell now has just five – three in London, one in Manchester and one in Glasgow.
Dwell is now a wholly owned subsidiary of DFS, and will be run as a separate entity.
Ian Filby, DFS’ chief executive, said: “This partnership builds on our successful relationship with Sofa Workshop and our exclusive brand partnerships with French Connection, Country Living, and House Beautiful, all of which assist in strengthening DFS’s appeal and broadening our reach to customers.”
The move will also open up new possibilities for DFS to appeal to younger customers, not usually targeted by the brand.
Mr Ahmad, who set up Dwell in 2003 as a mail-order business, commented: “The management team has always believed in the potential of the brand and, with DFS as our parent company, we can fully embrace and accelerate new growth opportunities.”
_____________________________________________________________________
Related information:
Valuing a business
Buy a business
Residential Care Home features 39 bedrooms is up for sale. The home had average occupancy of 83.9 per cent in the year to July 2022. Offers invited.
FREEHOLD
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
Offering high quality marquees with a wide range of sizes. This offers a huge amount of flexibility which allows the company to cater for whatever customers require, from a small marquee in the back garden, to a marquee village, or perhaps catering f...
LEASEHOLD
21
|
Mar
|
Honey and gin maker set to appoint administrators but hopeful of business sale | ADMINISTRATION
The British Honey Company (BHC), an Oxfordshire-based produc...
21
|
Mar
|
Mergers and acquisitions firm Langcliffe International becomes employee-owned | MBO/MBI
Langcliffe International, a leading buy-side mergers & acqui...
21
|
Mar
|
Screwfix acquires appliance retailer out of administration | ADMINISTRATION
Trade retailer Screwfix, a subsidiary of Kingfisher group, h...
Sign up to receive our acquisition alert emails to get your FREE guide
17
|
Sep
|
Scottish accountancy firm expands with two new acquisitions | BUSINESS SALE
Scottish accountancy firm Goldwells has expanded with the ac...
11
|
Jun
|
Upholstery chain falls into administration | ADMINISTRATION
Fabb Sofas, the furniture retailer founded in 2016 by billio...
04
|
Jul
|
Dwell founder steps in to save business | ADMINISTRATION
The founder of embattled houseware retailer Dwell, Aamir Ahm...
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
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.