Snug’s founder, Rob Bridgman, has asked Evelyn Partners to find a buyer for the company he founded in 2018 in a bid to disrupt the UK furniture sector, Sky News learns.
Snug, a British sofa manufacturer, is in talks about a sale four years after its launch.
Sky News understands that Snug, which was founded by Rob Bridgman, is working with the accountancy firm Evelyn Partners to find a buyer before the end of the year.Snug employs 55 people and specialises in modular sofas which do not require tools to assemble.Mr Bridgman invested £15,000 of his savings to launch the business, which pioneered the 'sofa in a box' concept and aimed to take on larger, more established rivals.
The online furniture sector has endured a torrid year as the Covid-inspired explosion in sales has faded.
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