Nearly 20 years after the collapse, a beloved retail chain has caused a comeback.
After the global financial crisis, MFI will return to the UK after being promoted to administration in 2008. The retail business was originally founded in 1964, when it was the Murad furniture industry of Noel Lister and Donald Searle.
At one point, the retail giant had more than 200 stores in the UK and offered more than 50 million items before IKEA introduced it to the region.
According to May 2024, before Victorian Pipeline reinvented the brand in the second half of 2026, MFI was once one of the largest suppliers of kitchen and bedroom furniture in the country. This is money.
Founder and CEO Mark Radcliffe said in a statement: “I am very excited about the upcoming MFI reinvention that allows us to take advantage of more of the £20 billion UK household goods market.”
“Our dedicated and ambitious team, decades of e-commerce knowledge and best-in-class proprietary software, and a recognizable MFI brand will help achieve our strategic ambitions in the medium term.”
The MFI brand was originally purchased by Victoria Plum, which relaunched the online retailer after relaunching it in November 2011, but lasted less than four years before it ceased operations again in July 2015.
Radcliffe added in the forecast for the new joint venture: “I made a lot of investments last year for future growth and I am happy with the organization’s strategic progress in the first half of the year.”
“We operate in full swing in the new purpose construction warehouse and continue to improve our customer proposition while expanding our product range to other rooms within the home and achieving a huge market share growth in a soft deal context.”
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