Fitted bedroom retailer Sharps Bedrooms has been sold.
Sun European Partners, which has owned the chain for several years after buying it out of administration, has sold it to fellow investment fund Epiris.
‘We have thoroughly enjoyed our partnership with Sharps and working alongside its experienced and highly motivated management team with an exemplary historical track-record of growth. Operating in an attractive growing market, Sharps’ unparalleled product offering and customer-centric sales model, coupled with our operational experience, has enabled the business to significantly increase its brand recognition and solidify its market leading position,’ says Paul Daccus, Sun European Partners md.
‘We are extremely pleased to have achieved such a positive outcome for Sharps and Sun’s investors. Having recently announced the sale of Dreams, we are delighted that we have been able to rejuvenate the Sharps brand into the UK’s best-known fitted furniture brand. We are confident that the Sharps team will continue its growth trajectory and success under its new ownership.’
‘Our partnership with the Sun European team has been a great success,’ says Kevin Smith, Sharps chief executive. ‘We are extremely proud that, today, Sharps is the number one market player in the bespoke fitted bedroom furniture market. At Sharps, we focus on delivering a customer-first strategy with our bespoke fitted furniture products, providing unique, space-efficient solutions. This focus, combined with Sun European’s strong operations team and capabilities, has enabled us to establish Sharps as the well-known and highly regarded brand it is today.’
