Former MFI owner announces job cuts

Galiform, the former owner of British furniture retailer MFI, today announced plans for about 560 job losses as part of a restructuring of its supply arm.

The group, which sold the MFI retail chain last October to private equity for £1, said the job cuts were expected under plans to “streamline” its furniture supply operations.

But Galiform added it would create 550 jobs at its Howden Joinery business, meaning overall employee numbers were likely to be steady over the year ahead.