Share Prices & Company Research

Market News

20 Nov 2024 | 07:01

Dunelm buys Ireland's Homefocus for undisclosed sum

(Sharecast News) - Homewares retailer Dunelm on Wednesday said it had bought Irish soft furnishing chain Homefocus for an undisclosed sum.

Homefocus trades under the 'Home Focus at Hickeys' brand, with 13 physical stores across Ireland and an online operation.

"The acquisition is an attractive opportunity for Dunelm to connect with more customers by entering a new geography, with a homewares market of more than £1bn," the company said.

It added that there was potential to offer a broader range of products in Home Focus stores, in line with the its existing smaller format stores in the UK and also saw an "opportunity to introduce a more comprehensive online proposition and, over time, will assess new store opportunities across Ireland".

Reporting by Frank Prenesti for Sharecast.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new portfolio or transferring your portfolio from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.