The Sofa Workshop Ltd
| File:Sofa Workshop.png | |
| Ltd | |
| ISIN | 🆔 |
| Industry | Furniture manufacturing and retail |
| Founded 📆 | 1986 |
| Founder 👔 | |
| Headquarters 🏙️ | , , United Kingdom |
Area served 🗺️ | United Kingdom |
| Products 📟 | Furniture |
| Revenue🤑 | £12.3 million (2010) |
| Members | |
Number of employees | |
| Parent | DFS |
| 🌐 Website | sofaworkshop.com |
| 📇 Address | |
| 📞 telephone | |
Sofa Workshop is a furniture manufacturer and retailer of handmade furniture, offering both product and fabric customisation. The furniture is handmade in Britain. As well as sofas and chairs, it also makes a range of accessories including footstools, cushions and made to measure curtains. Formerly based in Lodsworth, West Sussex, United Kingdom, it is now headquartered in Peasmarsh, Surrey.
History[edit]
Sofa Workshop, founded by Andrew Cussins in 1985, opened its first store in Maidstone in 1986. In November 2002, Cussins sold the company to MFI Group for £12.25 million. Seen by many[who?] as a poor marriage of brands due to different customer markets when MFI ceased selling lounge furniture, Sofa Workshop was sold.
It was bought in October 2006, by the New Haven Group, which then appointed an administrator in May 2008.[1] At that stage, the company had thirty one stores in England, Scotland and Northern Ireland, employing 160 people. The company had revenue amounting to £30 million in the year ending May 2008.[2]
On 31 December 2008, Sofa Workshop announced Leonard Curtis as a possible administrator.[3] Leonard Curtis stated at the time that there had been expressions of interest in purchasing the company.[2]
It was reported on 31 January 2009 that Sofa Workshop had been sold. Leonard Curtis said ten of the company's thirty stores had been bought by Erewash Upholstery, which is controlled by a consortium of investors led by Andrew Cussins, who founded Sofa Workshop in 1985.[4] Soon after the management buyout, Cussins moved on.
Since the change of ownership, Sofa Workshop has re established itself as a furniture retailer in the United Kingdom, and has seen a 40% increase in profits in the year ending December 2010.[5]
Sofa Workshop Ltd now has twenty shops nationwide including a franchise shop in Chester. They are located in Edinburgh, Glasgow, Exeter, Bath, Bristol, Manchester, Guildford, Chichester, Cambridge, Harrogate, Gateshead, Kingston, Tunbridge Wells, Battersea, Chiswick, Newbury, Oxford, Westfield Stratford City, King’s Road, and Tottenham Court Road in London.
In January 2012, they opened a second shop in Battersea, London as a dedicated Clearance Outlet. In October 2013, Sofa Workshop was acquired by DFS.[6][7] However, it continues to trade as its own distinct business and brand. Part of DFS.
References[edit]
- ↑ Thompson, James (2009-01-30). "Sofa Workshop bought out by founder". London: RetailWeek. Retrieved 2009-08-30.
- ↑ 2.0 2.1 "Push to sell Sofa Workshop". Financial Times. 2009-01-09. Retrieved 2009-01-12.
- ↑ Thompson, James (2009-01-09). "Sofa Workshop in last-ditch talks as high street suffers". London: The Independent. Retrieved 2009-01-12.
- ↑ Thompson, James (2009-01-30). "Administrators sell Sofa Workshop to founder". London: The Independent. Retrieved 2009-08-30.
- ↑ "Profit up 40% for £12.3m Sofa Workshop". Furnishing Report. 2011-05-27. Retrieved 2011-05-27.
- ↑ "DFS acquires Sofa Workshop to appeal to aspirational shoppers". Retail Week. 2013-10-31. Retrieved 2014-11-06.
- ↑ "DFS ACQUIRES ASPIRATIONAL BRAND". Retail Week. 2013-11-01. Retrieved 2014-11-06.
External links[edit]
- Sofa Workshop Official Website Retrieved 2009-08-30
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