Derby’s Multiyork Furniture has been targeted by Sofa group DFS after entering administration, in a deal reportedly worth 1.2m.
DFS has bought eight stores and assets from Multiyork Furniture for boosting its national chain and Sofa Workshop brand.
The deal comes after 50-strong store chain Multiyork collapsed at the end of November, putting greater than 500 jobs in danger.
DFS claimed it has struck a 1.2 million deal to shop for eight store leases from administrators of Multiyork Furniture plus the?intellectual property rights of Multiyork, including the Multiyork trademark, product designs, areas and marketing databases.
Staff within the stores are required to be offered roles within DFS.
DFS arrange to convert six of the bought stores into your Sofa Workshop logo and two is to trade as DFS.