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
Daimler AG, the maker of Mercedes-Benz cars, said Thursday that it has agreed to pay more than $2.2 billion to settle U.S. claims over emissions from its diesel vehicles. A new class-action lawsuit filed against Facebook accuses the company's photo and video-sharing app Instagram of illegally collecting biometric data of as many as 100 million users without their consent, according to reports. The lawsuit filed in a state court in California, alleges that Instagram uses its photo-tagging technology to create a database of users' facial features. Stein Mart, Inc. has joined the ever growing list of U.S. retailers who filed for bankruptcy protection amid the ongoing coronavirus (COVID-19) pandemic. The beleaguered off-price retailer filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Middle District of Florida.
Follow RTT