Merger of major furniture companies given the green light
The merger of Doncaster-based DFS Furniture and Sofology has been given the go ahead by the Competition and Markets Authority.
The CMA has decided not to refer the merger to a phase two investigation under the provisions of the Enterprise Act 2002; therefore giving the it the green light to proceed.
Earlier this year, DFS acquired Sofology, which has its headquarters in Warrington, for £25m. Today's decision by the CMA means the acquisition will now complete on 30 November. DFS anticipates taking on the 40 Sofology stores in... For the full story register now for free or login below...