logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Fast food chain Krystal Company has filed for bankruptcy, according to reports. The Atlanta-based Krystal filed for Chapter 11 on Sunday in the U.S. Bankruptcy Court in Atlanta. In the filing, the company reportedly disclosed assets between $10 million and $50 million, and liabilities between $50 million and $100 million. The chief executive officer of Google's parent company Alphabet called for artificial intelligence or AI to be regulated, noting that there are real concerns about the potential negative consequences of the technology. According to Alphabet CEO Sundar Pichai, there are real concerns about the negative consequences of AI, from deepfakes to nefarious uses of facial recognition. Walt Disney Co.'s (DIS) streaming service Disney+ will be launched on March 24 in the UK and other markets in the Western Europe, one week earlier than originally planned on March 31. Pricing also been confirmed at 5.99 pounds/6.99 euros per month or 59.99 pounds/69.99 euros for an annual subscription....
Follow RTT
>