Dreams has completed the purchase of its head office, Bedquarters, in High Wycombe, from founder Mike Clare, and says the move underlines its financial strength and long-term commitment to growth.
Bedquarters has been home to Dreams since 2004, housing more than 250 members of staff across its corporate, finance, people, marketing, buying and merchandising teams. Securing ownership provides added certainty for the business and its colleagues, ensuring the company remains rooted in High Wycombe, the community where it has grown for over four decades.
The purchase, which took place in July, also forms part of Dreams’ wider strategy to reinvest profits into strengthening infrastructure and supporting long-term growth. Alongside Bedquarters, Dreams operates its manufacturing hub at its Bed Factory in Oldbury, West Midlands, where its team makes over 1900 products every day.
Dreams also continues to operate a nationwide footprint of over 220 retail stores and a network of 12 delivery centres, supported by 195 home delivery vehicles.
Jonathan Hirst, CEO of Dreams, says: “Securing ownership of Bedquarters is a hugely exciting milestone for us, underlining our commitment to the future of Dreams. I would like to thank Mike and Ed Clare for their support through this process and for their role in shaping Dreams’ journey to date. This purchase is another demonstration of the strength of our business, enabling us to keep investing in our people, our craftsmanship and our customers for years to come.”
Mike comments: “For the past two decades, this iconic building has stood as a proud and enduring symbol of progress, serving as the Dreams head office, strategically located adjacent to Dream’s distribution centre and showroom facilities.
"Having had the unique experience of buying and selling this building twice, over the years, it brings me much satisfaction to see it enter a new chapter under the rightful ownership of Dreams. I’m absolutely delighted that Dreams has chosen to invest in this strategic location, ensuring a continued and meaningful Dreams presence in High Wycombe.
"I’m personally thrilled by the recent successes of Dreams, particularly in light of its acquisition by Somnigroup – I offer my best wishes to Dreams (my baby) for its future.”
Savills and Chandler Garvey acted for the vendor, while Dreams represented itself.
