// 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.
- Bensons for Beds & Harveys are no longer owned by Steinhoff
- Retail Gazette Loves: Harveys & Bensons for Bed’s campaign for mental health
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.