THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Feather & Black acquired by Hilding Anders

Administrators Duff & Phelps have secured a sale of the Feather & Black bed retailer to Hilding Anders International.

HOME & DIY

Feather & Black acquired by Hilding Anders

Administrators Duff & Phelps have secured a sale of the Feather & Black bed retailer to Hilding Anders International.

Under the terms of the sale, Hilding Anders has acquired 17 out of a total of 20 stores. The move means that 104 jobs have been saved.

Just three stores and five concessions within Multiyork stores will be closed. The Feather & Black brand will be retained and continue to have a presence on the UK high street.

Operating in Europe, Russia and Asia, Feather & Black was founded in 2005 and has 25 retail stores nationwide, including Multiyork concessions. It also has a head office and warehouse in Chichester.

Allan Graham, joint administrator, Duff & Phelps, said: “The joint administrators continued to trade Feather & Black in administration with a view to finding a purchaser for the business as a going concern, so we are delighted that we have been able to secure a future for the brand, the business and over 100 employees who work for the retailer.

“The majority of the stores have been sold to one of the best known brands in the bedroom furniture sector securing the future for Feather & Black and a large number of its valued employees. This is a tremendous result for the business.”

Hilding Anders has 26 premium brands in 21 core markets with sales in over 60 countries worldwide. HA Group currently has 25 production facilities in 19 countries and over 9,000 employees producing a full range of bedding products. In Russia and China, Hilding Anders Group has 1,160 directly operated and franchised branded retail stores. The company had sales of €872 million in 2016.

Pepyn Dinandt, chairman and group chief executive of Hilding Anders, said: “I am very excited by this opportunity to re-enter the UK market with Feather & Black. Feather & Black has a strong market position, excellent customer loyalty and a deep heritage within the UK market.

“We will build on Feather & Black’s solid platform and grow the business across both stores and ecommerce. We will continue with Feather & Black’s current customer and product positioning whilst also looking at further ways to improve our productivity and profitability.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process