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No rest for Sofa.com as owners seek buyer

No rest for Sofa.com as owners seek buyer
Thursday 17
23:20 2019

One of Britain's biggest online furniture retailers has kicked off an urgent search for a buyer, underlining the challenges facing internet-based shops even as their high street rivals battle the worst trading environment for decades. Sky News has learnt that the owners of Sofa.com have hired KPMG to identify a buyer. LGT European Capital, which took control of Sofa.com last year after having been a lender to the business, is understood to be seeking to secure a change of control within weeks. The sale process comes despite people close to the company insisting that it recently enjoyed its best-ever trading ...

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Read more from Sky News : No rest for Sofa.com as owners seek buyer
Sky News : No rest for Sofa.com as owners seek buyer

Summary: One of Britain's biggest online furniture retailers has kicked off an urgent search for a buyer, underlining the challenges facing internet-based shops even as their high street rivals battle the worst trading environment for decades.

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