Regional window dressings manufacturer and retailer Homefair Blinds has been sold to its management team in a transaction that provides an exit for its former owners.

Moda Furnishings, the outdoor and conservatory furniture retailer, has been sold to private equity investor Endless. Terms were not disclosed.

National general merchandise wholesaler Stax Trade Centres has acquired hardware and ironmongery business M.P. Smith & Co, one of its longstanding suppliers.

Swan Retail, which majors in providing retail software to the furniture, garden and department store sectors, has acquired rival business Touchretail.

Ashley Wilde, the circa £31 million turnover Hertfordshire fabrics group, has bought Lanarkshire soft furnishings supplier Voyage Decoration out of administration.

Steinhoff International Holdings has fleshed out plans to restructure the debts of its Steinhoff Europe AG (SEAG) business unit, lining up EY as supervisor to a company voluntary arrangement (CVA).

Klarna has agreed to buy Close Brothers Retail Finance in a move that shifts the Swedish banking and payments business from the periphery of the furniture retail sector to its core.

Harveys and Bensons for Beds owner Steinhoff is to enter the fashion market after agreeing to acquire one of the largest non-food retailers in the Southern Hemisphere.



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