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Furniture retailer MFI is set to return to the high street almost 20 years after it fell into administration.
Owner Victorian Plumbing is planning to relaunch the retailer in the first half of 2026 and pledged to invest £3m into people and property ahead of its return to the market.
The MFI brand was acquired by Victorian Plumbing as part of the Victoria Plum acquisition last year.
The news of the relaunch comes as the bathroom specialist retailer reported a 6% revenue growth to £152.7m for the six months ended 31 March 2025. Adjusted EBITDA also increased by 15% to £15.2m.
The company now expects its revenue growth to be between 4% and 6% by the end of the financial year. Taking into account the MFI set-up and launch costs, full-year adjusted PBT is expected to be between £21m and £22m.
Mark Radcliffe, founder and chief executive officer of Victorian Plumbing, said: “I am very excited about the upcoming re-invention of MFI, allowing us to tap into more of the £20bn UKHomewares market. Our dedicated and ambitious team, decades of e-commerce knowledge and best-in-class proprietary software, together with the recognisable MFI brand, will help to deliver our strategic ambition over the medium-term.
“Victorian Plumbing has always taken an opportunistic and entrepreneurial approach; alongside this we have built a business that invests in the future, has solid financial foundations and is committed to delivering long-term value to all shareholders, as epitomised by our enhanced capital allocation policy and increased interim dividend.”
