The Competition & Markets Authority (CMA) has unconditionally greenlit the DFS Group's acquisition of fellow upholstery retailer Sofology, following the group's purchase of the brand on 3rd August, which met the conditions for an anti-trust investigation.
DFS CEO Ian Filby comments: "I'm delighted that we are 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.
"This is an important and historic moment for both businesses, our investment demonstrates the confidence we have in Sofology and the wider group. I look forward to working with [Sofaworks CEO] Jason Tyldesley and his team to continue this success."
The Financial Conduct Authority has also confirmed its clearance of the acquisition, which will complete at the close of business on 30th November.