29 May 2024, 16:16
By Furniture News Jan 29, 2019

Mike Ashley bids against ScS for Sofa.com

Sky News has reported that retail tycoon Mike Ashley, the owner of Sports Direct and House of Fraser, and a stakeholder in Debenhams, is competing with ScS to purchase online retailer Sofa.com.

The news channel states that Mike Ashley has put up "a multi-million pound offer" for the business, and that KPMG, which is handling the deal, is expected to finalise it shortly.

Sofa.com runs concessions in several House of Fraser stores, which Mike Ashley bought out of administration last summer, and plans were in place to expand this network prior to Sofa.com being declared for sale.  

ScS responded to recent speculation by confirming that it is in discussions regarding a potential acquisition, but that "there can be no certainty that a transaction will be concluded". 

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