DFS Furniture Plc’s subsidiary to sell The Sofa Workshop Limited

DFS Furniture Plc’s (LON: DFS) subsidiary, DFS Furniture Company Limited, has entered an agreement to sell entire share capital of The Sofa Workshop Limited to Halo Furnishings Limited.

  • The company has stated that the total consideration for the transaction is of £0.3 million payable in cash on completion.
  • The company being sold is a fully-owned subsidiary and premium UK sofa retailer, having gross assets of £10.2 million as of 30 June 2019.
  • On 27 August 2020, at the time of writing, GMT 09:05 AM, DFS shares were trading at GBX 163.00, unchanged against the previous day closing price.