Reuters - Sun Capital Buys Dreams
British beds retailer Dreams has been sold to private equity firm Sun Capital Partners, safeguarding over 1,600 jobs but leaving 400 more at risk, Reuters reported Wednesday. Administrators for the beds and furniture firm, Ernst & Young, said on Wednesday it had sold the struggling company's business and assets for an undisclosed sum, securing it new investment and allowing it to operate outside of insolvency. The sale sees Sun Capital Partners buy 171 of Dreams' 266 stores, as well as its head office and two manufacturing sites, safeguarding around 1,600 of the firm's 2,000 jobs.
6 March 2013•2 mins read
