// The owner of Bensons for Beds is close to re-acquiring it through a pre-pack administration deal
// However, stablemate Harveys could face the risk of being liquidated, placing 700 jobs at risk
// The two furniture retailers trade from 269 stores across the UK and employs 2700 in total
The parent company of Harveys and Bensons for Beds is reportedly close to launching a major restructure that could potentially lead to the loss of 700 jobs.
According to Sky News, Alteri Investors, a specialist firm known for turning around troubled retailers, is looking to reacquire Bensons for Beds through a pre-pack insolvency process.
However, this means stablemate Harveys could potentially be liquidated unless an alternative buyer steps forward to acquire it.
- 2700 jobs at risk as Harveys and Bensons for Beds owner plots sale
- Bensons for Beds & Harveys are no longer owned by Steinhoff
The two furniture retailers operate from 269 stores across the UK and employs 2700 in total, 700 of which are directly employed at Harveys.
The news comes after it emerged in March that Alteri had drafted in accountancy firm BDO to handle a potential sale of the two chains.
Both Bensons for Beds and Harveys also had a change of hands last November, when former parent company Blue Group was sold off by Steinhoff to Alteri Investors for an undisclosed sum.
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.