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Alteri Investors To Buy Blue Group Hold From Steinhoff

Alteri Investors, European retail sector investor, agreed to buy Blue Group Hold Co Ltd from Steinhoff International Holdings N.V.

Blue Group Hold is a owner of Bensons for Beds, Harveys Furniture and upholstery & bedding manufacturers Relyon, Steinhoff UK Beds and Formation Furniture.

Harveys and Bensons for Beds, which have been owned by Steinhoff since 2005, trade from 269 stores. Blue Group, which also has four manufacturing sites, as well as five distribution centres in the UK, employs more than 2,700 people.

Bensons for Beds, which has a near 70-year heritage, is the largest bed retailer in the UK by store number and the third-largest by revenue.

Harveys, founded in 1966, is a nationally recognised brand and the largest furniture specialist in the UK by store number.

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