DFS and Sofology merger gets CMA approval


The Competition and Markets Authority (CMA) has completed its investigation into the ramifications of a proposed merger of Sofology into DFS and has authorised the completion of the transaction. It is understood that Sofology will become a DFS group owned business by the 30th November 2017 and that the 37 Sofology stores will continue to trade under the Sofology brand with Jason Tyldesley and the wider Sofology team remaining in place. DFS will acquire all of the outstanding share capital of Sofology for an initial enterprise value of £25 million on a  debt free basis.

DFS CEO Ian Filby said “I’m delighted that we were able to complete this deal which is a big step for DFS towards achieving one of our strategic growth aims of broadening our product and brand appeal. Sofology is a fantastic business that takes great pride in the levels of service and innovation it provides to customers and is a great addition to our family. I look forward to working with Jason Tyldesley and his team to continue this success.”

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