Millionaire buys MFI stock and plans ‘guerrilla sale’ across 20 London stores and online

2nd February | retail | The founder of The Range - the 37-store home, leisure and garden retailer - has paid an undisclosed sum for the entire stock of collapsed furniture chain MFI.

Chris Dawson, who started in business as a market trader in Plymouth, will sell the stock, believed to be worth £68m at retail prices, from 20 former MFI stores in London and via a website (www.mfistock.co.uk) which is already live. 

Dawson said the stock filled 2,400 articulated trucks and was currently stored in the northeast on pallets stacked 12 ft high and 4ft feet deep, in a line stretching three quarters of a mile.

Dawson has not bought the MFI name or business, and though the stock purchase has triggered a guerrilla style retail operation, Dawson said he may keep the stores if sales go well.

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