Design and interiors business Dowsing & Reynolds has been acquired in a deal that will help it deliver future growth.
Following a recent business restructure and a considered move to enter into an administration process, Dowsing & Reynolds has been acquired by its existing owners, Ally & James Dowsing-Reynolds.
This action has been taken to ensure the stability and security of all current positions within the company following a significant post-pandemic market downturn and a challenging economic climate.
Since launching in 2013, D&R has become an established brand producing design-led fixtures and fittings such as statement lighting and sockets and switches, appearing in The Times Top 100 list.
However, with unprecedented challenges from the pandemic and economic instability causing lower consumer confidence, compounded by the pressures of the ongoing cost of living crisis and the dampened housing market, the industry has been profoundly impacted.
Co-founder James Dowsing-Reynolds explains: “We have restructured the whole business to become more streamlined and this acquisition has been able to secure everyone’s jobs and the future of the brand.
“Our primary focus has been, and will always be, the welfare and security of our dedicated staff, whose hard work and loyalty have been fundamental to our operations. We are committed to maintaining continuity and are grateful for the unwavering support and loyalty from our employees, customers, and suppliers during these times.
“As we embark on this next step of our journey, our commitment to excellence in design remains unchanged. Our team is enthusiastic about the opportunities ahead. We are implementing robust strategies to enhance our operational efficiencies and product offerings, ensuring that Dowsing & Reynolds continues to meet the needs of our customers with high-quality products which help them to create homes and commercial spaces that are loved. We feel really positive about the future.”
