Bensons for Beds explained

Bensons for Beds
Owner:Alteri Investors
Type:Limited
Predecessor:Cargo
Founder:Cyril Benson
Location:Accrington, Lancashire, England, United Kingdom
Locations:270 (February 2016)
Industry:Retail
Homepage:www.bensonsforbeds.co.uk

Bensons for Beds is a British bedroom furniture retailer. With 166 stores in the UK, it is Britain's largest[1] bed retailer specialising in beds, mattresses and pillows.[2]

History

Founded as a general store in 1950 by Cyril Benson, Bensons for Beds opened the first dedicated bed centre in 1972. The company is now based in Accrington, Lancashire, and operates as a chain of concessions and stand-alone stores.

By February 2015, Bensons for Beds' had over 270 stores throughout England, Scotland, and Wales, following a merger with sister company Sleepmasters in England, Wales and Northern Ireland, and, in October 2011 with Bed Shed in Scotland.

In November 2019, Bensons for Beds was acquired from Steinhoff International by UK-based private equity group Alteri Investors, alongside Harveys and upholstery and bedding manufacturer Relyon.[3]

On 30 June 2020, Bensons for Beds went into administration, but Alteri immediately bought it back, aiming to save between 150 and 175 of the chain's 242 stores, its Huntingdon manufacturing operation, and nearly 1,900 jobs.[4]

External links

Notes and References

  1. Book: Ibrahim . Ibrahim . Future-Ready Retail: How to Reimagine the Customer Experience, Rebuild Retail Spaces and Reignite our Shopping Malls and Streets . 3 June 2022 . Kogan Page Publishers . 978-1-3986-0335-6 . 166 . en.
  2. News: Sweney . Mark . Butler . Sarah . 2022-10-17 . Bensons for Beds buys Eve Sleep hours after administrators called in . en-GB . The Guardian . 2023-07-10 . 0261-3077.
  3. News: Eley . Jonathan . Steinhoff sells UK furniture business to Alteri Investors . 1 July 2020 . Financial Times . 15 November 2019.
  4. News: Butler . Sarah . Wood . Zoe . Harveys and TM Lewin fall into administration with loss of 800 jobs . 1 July 2020 . Guardian . 30 June 2020.