Habitat sold

Habitat, the furniture retailer, has been sold to restructuring specialist Hilco.

Habitat’s former owners, ICAF, which also owns Ikea, have sold the loss-making retailer to Retail Investments, a specialist retail investment group led by Hilco.

The deal involved ICAF writing off debts and providing working capital of €50million (£45m).

Chief executive Mark Saunders will stay in his position.