2700 jobs at risk as Harveys and Bensons for Beds owner plots sale

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Harveys Bensons for Beds BDO sale Alteri Investors
The timing of the sale process comes as a surprise considering the growing impact of the coronavirus crisis on the retail sector
// Harveys and Bensons for Beds up for sale
// The move puts 2700 jobs at risk
// Parent company Alteri Investors drafted in accountancy firm BDO to handle an auction

The owner of Harveys and Bensons for Beds has reportedly put the furniture chains up for sale, putting the jobs of 2700 people at risk.

Alteri Investors drafted in accountancy firm BDO to handle an auction, with funded takeover proposals required by the end of next week, Sky News reported.

It is thought that Alteri was interested in retaining ownership of Bensons for Beds itself, which could mean the Harveys chain would have to go through an administration process.


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The timing of the sale process comes as a surprise as both chains only had a change of hands in November, when former parent company Blue Group was sold off by Steinhoff to Alteri Investors for an undisclosed sum.

The sale also comes as the coronavirus crisis continues to have a domino effect on the retail industry.

Bensons for Beds is the largest bed retailer in the UK by store number, and Harveys the largest furniture specialist in the UK by store number.

In total, Harveys and Bensons for Beds trade from 269 stores across the UK.

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20 COMMENTS

  1. Hugely disappointing for staff. Question whether Alteri carried out proper due diligence prior to the acquisition of the brands.

  2. When the new company took over all the staff had to sign new contracts in which they will lose out on redundancy. It was either take it or leave it. Pretty shit thing to do on the staff.

    • That’s not true changes on the contract was not to any other terms and conditions only the company name change to Blue Group from Steinhoff. Redundancy rights etc remained the same

  3. New company way always going to buy and flip this quickly they bought it just before the main winter sale to make a fast injection of cash and now want out, they want to try and keep the bensons side as harvey’s furniture average wait for a sofa is 18 weeks unfortunately I think it’s just a matter of time before both brands will crash out of the market place. Fire sale due this week apparently, feeling very sad for all those people who have been working there thinking the new company was a safe pair of hands how wrong they were.

  4. Such a shame that the greed, shit quality and despicable customer service threatens all these jobs. As an exception, Zain from Leeds branch of Benson for beds for lying to get my sale and causing over a year of misery still ongoing!

    • I worked at b4b last year and was totally disgusted at all that was going on at ground level, no proper management whatsoever!!, treated like crap, long hours, rubbish pay and the First £500 of any commission earned was ‘snatched back’ I am well out of this terribly run business and will not be surprised when it all goes bust, soon I hope.

  5. I work for this company at the moment and my question is where are these stories coming from as we have had no internal communication with alteri to confirm or deny this story???

    • We also have an order of prepacked bedroom furniture for £2000 due for delivery 30 March (ordered mid February) and have just receive a message telling us deliveries have been postponed for 3 weeks due to Corona Virus! Will Bensons cancel the order and give a refund?

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