Report says Bob's Discount Furniture for sale

MANCHESTER, Conn. — Top 100 retailer Bob's Discount Furniture has been put on the auction block by majority owner Apax Partners and could generate more than $350 million when it's sold, according to an article in the Wall Street Journal.

The Journal article, quoting unnamed sources, said Apax already has hired financial advisers to sell the company, but it is unclear where the auction process stands.

Founded in 1991 by Bob Kaufman and Gene Rosenberg, the founders sold a majority stake in the company in 2005 to the private equity firm Saunders, Karp & Megrue, which was later acquired by Apax.

Neither Ted English, the current CEO of the retailer, nor officials at Apax, responded to telephone messages seeking comment on the Journal story.

Bob's was No. 16 on Furniture/Today's latest Top 100 list with estimated furniture, bedding and accessories sales of $685.3 million in 2012. According to its website, the retailer has 48 stores in nine states.

VIDEOS

  • PureCare's accent on sleep accessories increases sales

    Camera Icon More Videos

Digital Edition

Furniture Today Digital Edition

See the digital edition of Furniture/Today, which allows you to flip through the pages, click on any underlined area to visit a website or send an e-mail, search to find content in the magazine, or share pages with your friends. See the latest issue!