Word is that Gatemore Capital Management has been building a significant stake in DFS. It is expected that the national furniture retailer could present a good takeover target for private equity investors.
DFS shares have risen by around 30 per cent over the past year and in its preliminary results for the Y/E 27 June 2021 advised that revenues had risen by 47.4 per cent with total group revenue reaching £1bn as compared with £724m for the previous year. Total group revenue exceeded £1bn for the first time, compared with revenues of £724m in 2020.
DFS has revealed plans to further develop the Sofology brand as well as to extend into complementary homewares categories.
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