Sofa retailer DFS has revealed plans to list on the London Stock Exchange in a bid to reduce its debt pile.
DFS is hoping to be valued at around £1bn on the stock market, and has plans to raise £105m from the listing.
The retailer has 105-strong portfolio of stores in the UK, Ireland and Netherlands, and private equity owner Advent is intending to sell at least 25% of the company.
Ian Filby, chief executive of DFS, said: “DFS is firmly established as the UK’s leading retailer in upholstered products across all customer segments. We aim to offer our customers the widest range of sofas in the market, with the best value at every price point, while also providing an exceptional customer service proposition. The success of our model is proven by our 45-year track record, during which we have increased our market share and sales.”
amber.rolt@estatesgazette.com
