MFI has appointed investment bank Dresdner Kleinwort Wasserstein to auction its 200-strong chain of stores in a move to break up the group, which also owns Howden Joinery, the builders’ merchants, according to a report in The Business. A sale of the stores may lead to the disappearance of the famous MFI brand, which started in the 1960s making flat-packed furniture.

According to a report in trade magazine Retail Week Asda is interested in buying the chain as a nationwide platform for its non-food Asda Living stores, which it is keen to expand.

Posted: 05|30|06 at 10:07 am. Filed under: UK News.