But if you pushed us to choose we’d whittle it down to our favourite Dillon, Ellison and Bailey. DFS is taking action against Sofaworks on behalf of its Sofa Workshop brand, and Retail Week understands that DFS boss Ian Filby and Sofaworks owner Jason Tyldesley attended court proceedings yesterday. The company has entered into an agreement to sell the entire issued share capital of The Sofa Workshop Ltd to Halo Furnishings. This category only includes cookies that ensures basic functionalities and security features of the website. Established in 1976 in the UK and 2004 in Asia, the Halo Group is a world leader in the luxury furniture and lifestyle market. Sign up for the newsletter with the latest news, features and products. The date was previously 31st... DFS reports "good strategic progress and profit in line with expectations" for the year to 30th June 2019, with underlying group gross... DFS Furniture has reported LFL sales growth across all its retail brands – DFS (which is celebrating its 50th year), Sofa Workshop, Dwell and... Online furniture sales growth headlines record year, Timothy Oulton announces global expansion, Furniture Makers presents innovation webinars, Business groups respond to post-Brexit FTA agreement, Home furnishings businesses refunding more than any other, says fintech, DFS bullish as it reveals resilient performance, Boxing Day shopper footfall hit hard by Covid-19, says Springboard, Dusk's Farah Arshad on offering "luxury for less", Nectar mattress parent raises £95.7m in latest funding round, Ikea presents the furniture catalogue of the future, Manchester Furniture Show 2013 - New Blood, Long Eaton - a hub of upholstery manufacture, Investment supports growth across DFS' retail brands. DFS CEO Tim Stacey says: "Over the course of the past few months we have reviewed our strategy and plans across the group with a focus on ensuring our brands are in the best possible position to support the group in maximising its return on capital. I am very excited to bring to it a wider range of our globally bestselling sofa designs, along with lighting and cabinet collections. Free phone number. Access the E-Magazine, Signup for Newsletter, Read articles only available to registered users, Sign up to the magazine, Printed or Digital, Editorial submissions. Tim Stacey, CEO of the DFS Group, joined DFS in July 2011, prior to becoming the Group CEO he held a number of key leadership roles across the business. Edward Thicknesse. It is mandatory to procure user consent prior to running these cookies on your website. Now that we’ve been putting it through its paces for the past few weeks, I can understand why. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The retailer said one of its subsidiaries has agreed a £300,000 disposal of The Sofa Workshop … DFS to sell Sofa Workshop brand to Halo 27 August, 2020 | by The Retail Bulletin DFS has entered into an agreement to sell its Sofa Workshop business to luxury furniture group Halo. Sofa Workshop. Under the new name Sofa Workshop by Timothy Oulton, the brand will offer over 100 models in more than 500 different sizes and configurations. excluding Sofa Workshop and Dwell restructuring costs noted below. Free delivery. Our furniture is made to order, one by one, by hand, using simple tools and time-honoured techniques. We'll assume you're ok with this, but you can opt-out if you wish. View our collection of leather, fabric and velvet sofas. You have entered an incorrect email address! The Group had been performing in line with expectations in March, until the lockdown, with order intake up in the second half year-on-year, and particularly strong in the DFS brand. The Sofa Workshop has undergone a change of hands, with DFS offloading the furniture fascia to rival Timothy Outlon in a £300,000 deal. We've also created two exclusive designs, especially for DFS. The announcement follows the publication of a trading statement earlier this week in which DFS reported strong trade, with YoY order intake growth over the last six weeks equivalent to some £70m in revenue, significantly ahead of  expectations. These cookies do not store any personal information. The acceleration of e-commerce in 2020 created a huge opportunity for consumers to facilitate their holiday purchases, but now we are in the midst... © Copyright Retail Gazette. Sofa firm DFS Furniture is set to axe 200 workers in its Sofa Workshop and Dwell chains after suffering a £271million sales hit from lockdown. DFS, which owns the Sofa Workshop and Dwell brands as well, also has brand partnerships with French Connection and House Beautiful. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Commercial: 07401 241 979, UK: Four Cavendish Square, A subsidiary of British furniture retailer DFS has sold one of its premium brands, The Sofa Workshop, to Halo Furnishings for GBP 300,000. 27 August 2020. In a statement, DFS said: "The gross assets of Sofa Workshop at 30 June 2019 were £10.2m, the loss before tax in the 48 week period to 30 June 2019 was £2.9m. Halo operates in distinct but integrated segments in wholesale and retail, as well as the interiors project space. DFS teams up with BBC Children in Need and launches the 'Give Me Five' fundraising initiative offering customers a chance to win their … The business is being sold on a cash, working capital and debt-free basis. The retailer sells from stores branded DFS, Sofa Workshop, Dwell and Sofology and is market leader in the UK, with a share of about 30%. And each store will also carry a small taste of the Timothy Oulton collection.”, He added: “Our furniture is made to order, one by one, by hand, using simple tools and time-honoured techniques. DFS Furniture has announced that it plans to sell its Sofa Workshop business to Halo Furnishings for £0.3m. Eversheds Sutherland acted as legal counsel to the subsidiary, DFS Furniture Company, on the sale of the entire issued share capital of Sofa Workshop, on a cash, working capital and debt-free basis. The deal remains subject to regulatory approval. Our UK based sofa experts are ready to take your call now. DFS Furniture saw gross sales fall -6% YoY in the HY to 29th December 2019, albeit against strong comparatives. Open 24 hours a day. This website uses cookies to improve your experience while you navigate through the website. get your work published, Upgrade your profile & add photos, videos, a map, social media links, PDF uploads and contacts. |. The Sofa Workshop had been part of the DFS company – which also includes Sofology – since 2013, where it has traded from 20 standalone stores, an online store, and shop-in-shops in some DFS … The Sofa Workshop had been part of the DFS company – which also includes Sofology – since 2013, where it has traded from 20 standalone stores, an online store, and shop-in-shops in some DFS stores. LOCKDOWN SALE - 50% off our beautifully handcrafted sofas, chairs and sofa beds. Marylebone, London, W1G 0PG. Its new owner Timothy Oulton is part of Halo Furnishings, a UK and Asia-based luxury furniture and lifestyle design group which also owns Noble Souls and Outlaw. DFS Furniture plc ("DFS" or the "Group") Acquisition of Assets by Sofa Workshop and DFS DFS Furniture plc is pleased to announce that the Group has acquired certain store leases, assets and intellectual property of Multiyork Furniture Limited (in administration) ("Multiyork") (the "Transaction"), primarily for Sofa Workshop. The retailer states... DFS has announced its preliminary results for the 48 weeks ended 30th June 2019 (its 50th year of trading). These cookies will be stored in your browser only with your consent. DFS Furniture has announced that it plans to sell its Sofa Workshop business to Halo Furnishings for £0.3m. All trading DFS trading “significantly ahead of expectations”, DFS to cut jobs as it swings to full-year loss, DFS confident for H1 results after “resilient” Q2, Made.com gives out share options to staff after “extremely strong” 2020 sales, Ikea to stop publishing catalogue after 70 years, Furniture Village sales up 25% despite Covid-induced losses, Big Interview, Martin Reiter, Head of Europe, Wayfair, DFS says deliveries will continue despite national lockdown, Lidl beats Aldi to be crowned cheapest supermarket in 2020, M&S boosts govt’s £15 free school meals vouchers to £20, Tesco loses appeal to withhold key information from staff in equal pay fight, 233 job cuts as M&S finalises Jaeger deal, 10 British department stores that have come & gone over the years (Part III). Oulton said The Sofa Workshop’s renown as being a hand-made furniture business will continue under his onwership, citing that the “culture of craftsmanship” has “always been key” for his Timothy Oulton business. The acquisition comprises UK 20 stores and an online retail business. As the clear market leader with strong recognition of our brands, high showroom sales densities and advantageous vertical integration, we feel well positioned to drive shareholder returns. Furniture News is a leading publication for the interiors sector featuring coverage of the latest contemporary furniture trends and the furnishings trade in the UK and overseas. Tim has a wealth of leadership and retail experience, including 12 years at Alliance Boots in roles such as Multi-Channel Director for Boots.com and Director for Online and Business Development. 0800 110 5000 Global design and authentically handcrafted comfort. DFS has divested of The Sofa Workshop in order to focus on its other core businesses, such as investments in technology and multichannel across its DFS and Sofology fascias. Our 2019 survey of sofa shoppers has uncovered the best and worst sofa shops, ranking dozens of big-name brands including Furniture Village, Harveys, Ikea, John Lewis and Sofa.com.

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