The UK’s biggest beds seller Dreams has been bought by mattress maker Tempur Sealy in a deal for £340 million.
The takeover ends eight years of ownership for the brand by private equity giant Sun European Partners, which bought the business out of administration in 2013.
Dreams’ current management team will remain in place and the retailer’s 200 stores, which employ 2,000 staff, will continue to operate as a standalone entity, the new owners said.
Bosses said the deal will allow Dreams to continue its expansion, following six consecutive years of growth culminating in sales of £327 million in 2020.
Dreams is the UK’s biggest beds retailer with 200 stores (Dreams/PA)