Qualified advisers answering your
Financial Questions
call 0800 092 1245

Lord Kirkham sells DFS

Sofa retailer DFS has today confirmed a sale to private equity firm Advent International in a deal said to be worth £500 million. It is believed that Lord Kirkham, the founder and owner of DFS, will walk away with around £300 after debts are repaid and there is no doubt he has done very well out of the transaction. Only two weeks ago it appeared that a sale of DFS was not on the cards with Lord Kirkham adamant that the company was not for sale.

The founder and executive chairman will be stepping down when the company is transferred to its new owners, bringing down the curtain on 40 years of involvement in the chain. The company has been floated on the stock market and then repurchased by Lord Kirkham and in the meantime become one of the UK's more prominent and more popular sofa retailers.

It is unclear what plans Lord Kirkham has for his £300 million windfall although in the words of the man himself, he was already "loaded" prior to the sale. The company held up very well during the recent economic turmoil, which is a testament to the company's services, products and ultimately its structure.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details