Knowledge

DFS (furniture retailer)

Source 📝

325: 29: 245: 225: 205: 386:: "It's something that's caused me fitful sleep in the time I've been thinking about it. I've no hobby, this is my hobby – it's what I do. I'm an entrepreneur. It's almost as if I can feel the adrenaline running through my veins." On 3 April 2010, it was announced that DFS had been sold to private equity firm 347:
based DFS ("Direct Furnishing Supplies") Limited, founded by the Hardy Family in 1969. Northern Upholstery was renamed DFS (although some branches of Northern Upholstery in Yorkshire retained their original name until the mid-1990s) and at the time, had a total of sixty three stores, employing 2,000
307:
Having visited a few manufacturers in his daily work, he decided that making furniture was relatively easy and that by cutting out the warehouse dealers in the middle of the supply chain, he could sell direct to the public at lower prices. Kirkham rented a room above a
366:. The company reworked its advertising to feature younger models, and in 2000, DFS announced a 79 per cent profit increase. But the revival was short lived, and in light of the continuing prevalence for 358:
while they were on holiday. The burglars bound and gagged the housekeeper and made off with money and jewels worth £2.4 million, later recovered, but still South Yorkshire's largest armed robbery.
993: 988: 437:, following complaints that the company had doctored the footage to inflate the perceived size of their sofas, relative to the actors. The advert featured actors miming 434: 370:, Kirkham took the chain private again in 2004, leveraging his family's own 9.46% stake with £150 million of family funds in an eventual £496 million deal. 93: 1008: 998: 559: 688: 666: 640: 1013: 611: 1003: 217: 415: 796: 567: 442: 287:
retailer in the United Kingdom, Spain and Ireland specialising in sofas and soft furnishings. It is listed on the
333: 495: 892: 316:, and started making furniture upstairs and retailing it downstairs, calling the business Northern Upholstery. 466: 179: 351:
In 1993, DFS was floated on the stock market as DFS Furniture Company plc and valued at £271 million.
68: 644: 404: 363: 354:
This brought the Kirkham family to the attention of thieves, who in 1994, broke into the family home at
304:
In 1969, aged 22, Graham Kirkham was married with two children, which he describes as great motivation.
288: 82: 589: 387: 525: 918: 870: 427: 414:(formerly Sofaworks and CSL) in a £25 million deal. The acquisition was ratified by the 397: 721: 471: 822: 382: 374: 367: 337: 248: 228: 208: 982: 769: 76: 324: 944: 743: 86: 28: 99: 355: 344: 844: 446: 438: 362:
In 1998, DFS announced its first drop in profits in twenty eight years to the
277: 237: 37: 284: 193: 467:"DFS Furniture PLC overview - Find and update company information - GOV.UK" 410:
In October 2017, DFS announced they had purchased one of its competitors,
411: 400:, another competitor which was struggling in the market, in August 2014. 329: 313: 172: 110: 309: 393:
DFS then acquired its smaller rival, Sofa Workshop, in November 2013.
433:
In December 2008, one television commercial by DFS was banned by the
628:
Back in 1993 DFS was floated on the stock market (valued at £271m)
323: 722:"Latest News and Features: Famous Doncastrian: Graham Kirkham" 612:"Nick Bubb's verdict: Does DFS stand for Dull Furniture Sale?" 343:
In 1983, Kirkham purchased the business and the name of the
971: 496:"DFS promotes Tim Stacey to CEO as Ian Filby steps down" 667:"Outlook: Just say no to Kirkham's insulting DFS bid" 919:"DFS Nickelback ad banned for overplaying sofa size" 260: 255: 235: 215: 199: 189: 162: 140: 132: 124: 116: 106: 92: 74: 64: 47: 35: 430:was the face of DFS's television advertisements. 706:"Orchard Furniture To Sell Assets for GBP1.5M". 16:British furniture retailer specialising in sofas 592:. The Andrews Pages Picture Gallery: Derbyshire 994:Companies listed on the London Stock Exchange 845:"Furniture chain DFS returns to stock market" 426:For many years in the 1980s and 1990s, actor 8: 744:"DFS sofa chain sold to private equity firm" 403:On 6 March 2015, the company floated on the 21: 669:. Independent, The (London). 6 October 2013 554: 552: 550: 548: 546: 57:DFS Furniture Limited (3–18 February 2015) 20: 989:Furniture retailers of the United Kingdom 520: 518: 516: 373:DFS acquired the furniture businesses of 797:"DFS buys smaller furniture chain Dwell" 560:"Sofa king sitting pretty on £315m pile" 871:"DFS completes acquisition of Sofology" 458: 332:(formerly Northern Upholstery) on the 590:"Darley Dale, The Warney Mill Estate" 7: 1009:Retail companies established in 1969 999:Companies in the FTSE SmallCap Index 54:Diamond Holdco 1 Limited (2010–2015) 945:"Advert banned for inflated sofas" 390:for a reported £500 million. 14: 823:"DFS Acquires Aspirational Brand" 566:. 22 October 2002. Archived from 416:Competition and Markets Authority 244: 243: 224: 223: 204: 203: 27: 795:Blitz, Roger (20 August 2014). 435:Advertising Standards Authority 377:for £1.5 million in June 1999. 1014:1969 establishments in England 825:. Retail Week. 1 November 2013 494:Jahshan, Elias (22 May 2018). 1: 643:. InvestEgate. Archived from 1004:Companies based in Doncaster 770:"DFS acquires Sofa Workshop" 407:again as DFS Furniture plc. 641:"Increased and final offer" 396:The company went on to buy 1030: 710:. Dow Jones. 15 June 1999. 526:"Preliminary Results 2023" 689:"World Business Briefing" 334:Thorp Arch Trading Estate 136:Doncaster, United Kingdom 26: 449:in front of the sofas. 180:Chief executive officer 947:. BBC. 3 December 2008 893:"Tom Adams - obituary" 340: 211:1,423.6 million (2023) 69:Public limited company 405:London Stock Exchange 364:London Stock Exchange 327: 289:London Stock Exchange 388:Advent International 300:Northern Upholstery 251:26.2 million (2023) 231:63.3 million (2023) 152:Republic of Ireland 23: 899:. 15 December 2014 873:. 20 November 2017 693:The New York Times 647:on 6 February 2012 570:on 31 October 2002 418:in November 2017. 341: 925:. 3 December 2008 776:. 5 November 2013 445:", while playing 380:Kirkham told the 274:DFS Furniture plc 271: 270: 120:1969 in Doncaster 22:DFS Furniture plc 1021: 975: 974: 972:Official website 957: 956: 954: 952: 941: 935: 934: 932: 930: 915: 909: 908: 906: 904: 889: 883: 882: 880: 878: 867: 861: 860: 858: 856: 841: 835: 834: 832: 830: 819: 813: 812: 810: 808: 792: 786: 785: 783: 781: 766: 760: 759: 757: 755: 740: 734: 733: 731: 729: 718: 712: 711: 703: 697: 696: 685: 679: 678: 676: 674: 663: 657: 656: 654: 652: 637: 631: 630: 625: 623: 608: 602: 601: 599: 597: 586: 580: 579: 577: 575: 556: 541: 540: 538: 536: 530: 522: 511: 510: 508: 506: 491: 485: 484: 482: 480: 463: 267: 264: 262: 247: 246: 227: 226: 218:Operating income 207: 206: 102: 31: 24: 1029: 1028: 1024: 1023: 1022: 1020: 1019: 1018: 979: 978: 970: 969: 966: 961: 960: 950: 948: 943: 942: 938: 928: 926: 917: 916: 912: 902: 900: 891: 890: 886: 876: 874: 869: 868: 864: 854: 852: 843: 842: 838: 828: 826: 821: 820: 816: 806: 804: 794: 793: 789: 779: 777: 768: 767: 763: 753: 751: 750:. 23 April 2010 742: 741: 737: 727: 725: 720: 719: 715: 705: 704: 700: 695:. 23 July 2004. 687: 686: 682: 672: 670: 665: 664: 660: 650: 648: 639: 638: 634: 621: 619: 610: 609: 605: 595: 593: 588: 587: 583: 573: 571: 558: 557: 544: 534: 532: 528: 524: 523: 514: 504: 502: 493: 492: 488: 478: 476: 475:. 27 April 2010 472:Companies House 465: 464: 460: 455: 424: 322: 302: 297: 259: 240: 220: 185: 165: 158: 143: 98: 79: 60: 40: 17: 12: 11: 5: 1027: 1025: 1017: 1016: 1011: 1006: 1001: 996: 991: 981: 980: 977: 976: 965: 964:External links 962: 959: 958: 936: 910: 884: 862: 851:. 6 March 2015 836: 814: 787: 761: 735: 724:. Donny Online 713: 698: 680: 658: 632: 618:. 6 March 2015 603: 581: 542: 512: 500:Retail Gazette 486: 457: 456: 454: 451: 423: 420: 383:Yorkshire Post 375:Wyefield Group 368:private equity 338:West Yorkshire 321: 318: 301: 298: 296: 293: 269: 268: 257: 253: 252: 241: 236: 233: 232: 221: 216: 213: 212: 201: 197: 196: 191: 187: 186: 184: 183: 176: 168: 166: 163: 160: 159: 157: 156: 153: 150: 149:United Kingdom 146: 144: 141: 138: 137: 134: 130: 129: 128:Graham Kirkham 126: 122: 121: 118: 114: 113: 108: 104: 103: 96: 90: 89: 80: 75: 72: 71: 66: 62: 61: 59: 58: 55: 51: 49: 45: 44: 41: 36: 33: 32: 15: 13: 10: 9: 6: 4: 3: 2: 1026: 1015: 1012: 1010: 1007: 1005: 1002: 1000: 997: 995: 992: 990: 987: 986: 984: 973: 968: 967: 963: 946: 940: 937: 924: 920: 914: 911: 898: 897:The Telegraph 894: 888: 885: 872: 866: 863: 850: 846: 840: 837: 824: 818: 815: 802: 798: 791: 788: 775: 771: 765: 762: 749: 745: 739: 736: 723: 717: 714: 709: 702: 699: 694: 690: 684: 681: 668: 662: 659: 646: 642: 636: 633: 629: 617: 613: 607: 604: 591: 585: 582: 569: 565: 561: 555: 553: 551: 549: 547: 543: 527: 521: 519: 517: 513: 501: 497: 490: 487: 474: 473: 468: 462: 459: 452: 450: 448: 444: 440: 436: 431: 429: 421: 419: 417: 413: 408: 406: 401: 399: 394: 391: 389: 385: 384: 378: 376: 371: 369: 365: 360: 357: 352: 349: 346: 339: 335: 331: 326: 319: 317: 315: 311: 305: 299: 294: 292: 290: 286: 282: 279: 275: 266: 258: 254: 250: 242: 239: 234: 230: 222: 219: 214: 210: 202: 198: 195: 192: 188: 181: 177: 174: 170: 169: 167: 161: 154: 151: 148: 147: 145: 139: 135: 131: 127: 123: 119: 115: 112: 109: 105: 101: 97: 95: 91: 88: 84: 81: 78: 73: 70: 67: 63: 56: 53: 52: 50: 46: 42: 39: 34: 30: 25: 19: 949:. Retrieved 939: 927:. Retrieved 923:The Guardian 922: 913: 901:. Retrieved 896: 887: 875:. Retrieved 865: 853:. Retrieved 848: 839: 827:. Retrieved 817: 805:. Retrieved 800: 790: 778:. Retrieved 773: 764: 752:. Retrieved 747: 738: 726:. Retrieved 716: 707: 701: 692: 683: 671:. Retrieved 661: 649:. Retrieved 645:the original 635: 627: 620:. Retrieved 615: 606: 594:. Retrieved 584: 572:. Retrieved 568:the original 563: 533:. Retrieved 503:. Retrieved 499: 489: 477:. Retrieved 470: 461: 432: 425: 409: 402: 395: 392: 381: 379: 372: 361: 353: 350: 342: 306: 303: 280: 273: 272: 178:Tim Stacey ( 171:Ian Durant ( 133:Headquarters 100:GB00BTC0LB89 65:Company type 18: 754:12 November 616:Retail Week 535:15 February 356:Sprotbrough 345:Darley Dale 142:Area served 983:Categories 951:1 December 929:5 February 903:1 December 877:5 February 829:6 November 807:6 November 780:5 February 728:1 December 673:1 December 651:1 December 622:5 February 574:1 December 479:27 January 453:References 447:air guitar 439:Nickelback 278:trading as 238:Net income 164:Key people 38:Trade name 596:29 August 428:Tom Adams 422:Marketing 285:furniture 194:Furniture 77:Traded as 849:BBC News 774:DIY Week 748:BBC News 564:The Star 505:1 August 443:Rockstar 412:Sofology 330:Wetherby 314:Carcroft 312:hall in 190:Products 173:Chairman 107:Industry 48:Formerly 855:8 March 708:Factiva 348:staff. 310:snooker 295:History 283:, is a 256:Website 200:Revenue 125:Founder 117:Founded 85::  111:Retail 531:. DFS 529:(PDF) 398:Dwell 328:DFS, 155:Spain 953:2015 931:2024 905:2015 879:2024 857:2015 831:2014 809:2014 803:. FT 782:2024 756:2014 730:2015 675:2015 653:2015 624:2024 598:2024 576:2015 537:2024 507:2019 481:2024 441:'s " 94:ISIN 320:DFS 281:dfs 265:.uk 263:.co 261:dfs 87:DFS 83:LSE 43:dfs 985:: 921:. 895:. 847:. 801:FT 799:. 772:. 746:. 691:. 626:. 614:. 562:. 545:^ 515:^ 498:. 469:. 336:, 291:. 276:, 955:. 933:. 907:. 881:. 859:. 833:. 811:. 784:. 758:. 732:. 677:. 655:. 600:. 578:. 539:. 509:. 483:. 249:£ 229:£ 209:£ 182:) 175:)

Index


Trade name
Public limited company
Traded as
LSE
DFS
ISIN
GB00BTC0LB89
Retail
Chairman
Chief executive officer
Furniture
£
Operating income
£
Net income
£
dfs.co.uk
trading as
furniture
London Stock Exchange
snooker
Carcroft

Wetherby
Thorp Arch Trading Estate
West Yorkshire
Darley Dale
Sprotbrough
London Stock Exchange

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.