Category: Diplomat

The Times as reported that MFI is understood to be in urgent talks with lahndlords just days after starting a search for emergency funding. MFI is believed to be fighting to secure new terms ahead of its quarterly rent bill on Monday. A source familiar with the talks said that Merchant Equity Par…

The Sunday Times has reported that MFI could fall into administration within weeks unless a buyer for the ailing furniture chain can be found. Its owner, Merchant Equity Partners (MEP), are said to have appointed Argyll Partners to urgently find new investors to inject fresh equity into the firm.

There seems to be a lot of news but not a lot of substance over what’s going on at MFI. So far there’s rumours of a merger with Homeform, a British rival, which owns brands Moben, Kitchens Direct, Sharps and Dolphin. As time wears on this seems to be more and more widely reported giving more weig…

Kitchen maker Galiform have reported that they will not pay an interim dividend after a 19pc fall in profits during a difficult six months for the building industry. Profits fell to £20.1m on revenue down from £429m to £354.6m due to “adverse currency movements” and the costs su…

MFI have launched an online appliance store which appears to being handled by DRL Limited which also runs sites for other online appliance retail stores from the likes of Boots Kitchen Appliances, Sainsburys Kitchen Appliances and others. This new site is simply labeled as MFI Appliances.

Merchant Equity Partners, the private equity owner of MFI, the furniture retailer, is considering a bid for Jessops, the struggling camera retailer. News of Merchant’s interest comes as Jessops prepares to announce the closure of 80 stores this week as part of a strategic review.

The sale of the loss-making MFI furniture chain cost £187m in write-offs, owner Galiform revealed today. The 200-store business, Britain’s biggest furniture retailer, was sold to the private equity firm Merchant Equity Partners last September for a nominal £1, following mounting losses.

MFI sells store chain in £1 deal MFI has closed 13 sites since the start of 2006 Furniture business MFI has agreed to sell its loss-making retail arm to a private equity group for £1.

Furniture business MFI is close to finalising the sale of its loss-making retail arm to a private equity group. Merchant Equity Partners (MEP) is poised to take control of the 200-store chain for a reported nominal fee of £1.

Talks between MFI Furniture Group (MFI.L: Quote, Profile, Research) and a private equity group seeking to buy its retail business have stalled over possible job losses, the Sunday Express reported. MFI is fighting the plan by Merchant Equity Partners (MEP) to outsource the firm’s furniture produc…