Bed retailer's record results

BED retailer Dreams has reported a record set of results as its private equity owner continues to search for a buyer for the firm.

Wednesday, 8th March 2017, 10:26 am
Updated Friday, 24th March 2017, 11:24 am

The company, which is owned by Sun Capital Partners and has stores in Portsmouth, Fareham, Havant and Waterlooville, saw sales rise 20 per cent to £280m and pre-tax profit grow 136 per cent to £32m last year.

Sign up to our daily newsletter

The i newsletter cut through the noise

Dreams linked the growth to investment into store refurbishments and its Oldbury factory, where it manufactures over 200,000 mattresses and over 160,000 beds annually.

The 181-store chain collapsed into administration in 2013 before being bought by Sun, which has embarked on a turnaround in the face of rising online competition.

Sun is working with bankers at Rothschild to hunt for a buyer for Dreams, with an asking price around £400m. It is understood several US private equity firms have expressed interest.