Furniture retailer ScS is set to be taken private by Italy-based rival Poltronesofà, in a deal valuing the UK company at £99.4m.
The acquisition will add ScS’s 100 shops to the Poltronesofà group’s store portfolio, which comprises 167 locations in Italy, 106 in France and 27 in the rest of Europe.
If approved by shareholders, the deal will represent Poltronesofà’s debut in the UK.
