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DFS

dfs.co.uk

Founded Year

1969

Stage

PIPE - II | IPO

About DFS

DFS is a furniture retailer offering a wide variety of manufactured wooden and related products. It designs, manufactures, sells, and delivers to its customers a range of furniture products and segments and is engaged in the retailing of upholstered furniture and related products through DFS and dwell-branded stores and websites. The company was founded in 1969 and is based in Doncaster, U.K.

Headquarters Location

1 Rockingham Way Redhouse Interchange, Adwick-le-Street

Doncaster, England, DN6 7NA,

United Kingdom

+44 1302 573 200

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Expert Collections containing DFS

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DFS is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

9,879 items

DFS Patents

DFS has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/9/2014

8/6/2019

Woven fabrics, Synthetic fibers, Textiles, Domain name system, Technical fabrics

Grant

Application Date

12/9/2014

Grant Date

8/6/2019

Title

Related Topics

Woven fabrics, Synthetic fibers, Textiles, Domain name system, Technical fabrics

Status

Grant

Latest DFS News

DFS secures funds of £70m to preserve liquidity

Apr 23, 2020

Retail Gazette By // DFS secures £70m banking facility alongside its existing £250m revolving credit facility // The retailer completed a placing of about 42.6m new shares, representing 19.9% of issued share capital DFS has completed a placing of about 42.6 million new shares, representing 19.9 per cent of its issued share capital. The furniture retailer has secured an additional £70 million banking facility and raised a further £64 million through a share placing. The new 12-month bank facility of £70 million is in addition to its existing £250 million revolving credit facility maturing in August 2022, which provides immediately available cash resources of £70 million. READ MORE: Directors and members of the DFS senior management team, including the chairman, chief executive and chief financial officer, have participated alongside the placing, contributing £445,000 in aggregate. DFS said cash operating costs during the lockdown are now expected to be less than £14 million per month. The retailer’s online sales have risen by 24 per cent over the period from March 25 to April 19. Subsequently, its order book has risen to £194 million as of April 19 from £185 million on March 25. The retailer said the coronavirus lockdown has had “a very significant impact on business” and the placing and new bank facility, together with cost saving and deferral measures, are expected to make it “significantly more resilient”. It expects the new funding to provide the company with liquidity headroom amid the pandemic. It has furloughed 5000 employees, reduced board members’ pay by 20 per cent, rephased supplier payments and secured tax reductions. “The mitigating actions we have taken in response to Covid-19, alongside the new financing arrangements and placing announced today, significantly increases the financial resilience of DFS for the months ahead,” DFS chief executive Tim Stacey said. “Alongside these actions, we also greatly appreciate the support and efforts from our loyal employees, committed suppliers and understanding landlords. Working together, we have made as much progress as possible to navigate these challenging times. “While the outlook remains uncertain, DFS is well placed to navigate the coming months and the board remains positive about the long-term prospects of the group.” The retailer first revealed on Monday that it was in the “advanced stages” of talks over an additional £60 million to £70 million debt facility as it sought to bolster its finances in the face of coronavirus.

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DFS Frequently Asked Questions (FAQ)

  • When was DFS founded?

    DFS was founded in 1969.

  • Where is DFS's headquarters?

    DFS's headquarters is located at 1 Rockingham Way, Doncaster.

  • What is DFS's latest funding round?

    DFS's latest funding round is PIPE - II.

  • Who are the investors of DFS?

    Investors of DFS include Adriana and Gatemore Capital Management.

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