Clarion advises on Yorkshire furniture store acquisition

Clarion advises on Yorkshire furniture store acquisition

Leeds law firm Clarion supported Mattress Online’s buy-out of a Yorkshire furniture store.

Rotherham-based Mattress Online, supported by parent company Cocoon Sleep, has acquired The Skipton Bed & Sofa Centre, a business that has been operated by the Turner family for more than 50 years.

The deal, for an undisclosed sum, was completed on 9 March. It was supported by a team of Yorkshire advisers including Alex Cooper and Hannah Nelson from Clarion’s corporate practice and their colleague in the property team, Lucy Elsom, who provided legal advice to the purchaser.

Fletcher Adamowicz and Ryan Wilkinson from BHP provided tax advice.

Cooper of Clarion said: “It’s great to see a successful Yorkshire business continuing to grow as it embarks on an ambitious buy and build strategy. The combination of extensive online experience with physical stores offers customers even greater choice and is sure to be a winning formula. We wish Steve and the team every success.”  

Late last year, Mattress Online revealed plans to acquire and roll out 10 physical stores over the next five years, blending its excellent customer experience and quick turnaround times with a traditional in-store experience.  

Chief executive officer Steve Adams said: “Mattress Online’s approach lends itself perfectly to providing a stand-out instore and omnichannel experience.”

“Skipton Bed & Sofa Centre is a business that’s ready to go. We’ll be keeping the same name and staff and we warmly welcome the team.”  

“Our data tells us that North Yorkshire is an area where there’s a lot of opportunity and by investing in the high street, we’re supporting town centre infrastructure and customers can still benefit from our extensive product range and economies of scale.”

Mattress Online plans to open a nearby warehouse to support the new venture.

Categories: Business Development, News

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Mark Dugdale

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