Furniture shop set for expansion

Furniture shop set for expansion

Furniture shop set for expansion

First published in Business Matters

A furniture store will quadruple in size after a multi-million pound Business Growth Fund (BGF) investment.

Independent retailer Furniture Village, on Old Shoreham Road, Hove, will be increased from 4,000 sq ft store to around 20,000 sq ft.

It follows a grant to the 40-strong chain for £6 million.

No further details were available but the investment is expected to create new jobs in the area.

Furniture Village was established in 1989 by co-founder and chief executive Peter Harrison and marked its 25th anniversary of trading last month The Business Growth Fund will enable expansions across the UK and investment in new technology and software.

Jon Simon, senior investment manager of the Business Growth Fund, said: “This represents an exciting opportunity for BGF to back a well known British brand with a strong heritage and a track record of profitability. “We are supporting a clear growth strategy based on selective store roll-out and investment in new software. “This in turn, will improve the operational efficiencies of the business and increase the focus on e-commerce.”

Comments

Post a comment

Remember you are personally responsible for what you post on this site and must abide by our site terms. Do not post anything that is false, abusive or malicious. If you wish to complain, please use the ‘report this post’ link.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree