DFS ties up with struggling Dwell to expand its range of customers

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


Share this article



Latest Businesses for Sale

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
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...

 
21
 
Jun
 

Dwell ceases trading | ADMINISTRATION

Furniture retailer Dwell has collapsed following a drawn-out...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources