Upmarket kitchen chain Harvey Jones has been sold in a pre-pack deal.
‘The new investment will accelerate the strategic transformation of the Harvey Jones business in 2024 and beyond, with further product and omnichannel development in the premium kitchen space as well as optimising reach for additional areas in the home. Brand awareness will be further strengthened with our ongoing support and collaboration with our new strategic brand partners across both consumer and trade,’ says a statement.
‘The investor will work closely with the management team at Harvey Jones to support the development of the brand.’
A fund managed by RBC BlueBay Asset Management agreed the deal with administrator Interpath, saving 140 jobs.
‘We are delighted to be working with our new owners and investors who will provide us with the support and expertise to accelerate our business transformation and realise the profound potential that underpins the much-loved Harvey Jones brand,’ says Vince Gunn, Harvey Jones ceo.
‘With a proud heritage stretching back more than 45 years, Harvey Jones has forged a strong reputation for the quality of its designs and craftsmanship. We are pleased to have been able to secure this transaction which will provide the business with a stable financial platform upon which it can move forward. We wish the management team and the new owners all the best for the future,’ says Chris Pole, Interpath md.
