The owner of Airsprung Group and Beales, Andrew Perloff, has purchased a controlling stake in 19-store furniture chain Anglia Home Furnishings (AHF) from Central England Co-operative.

“The priority of AHF and its major shareholder Central England Co-operative has been to ensure the future stability of the AHF business for its staff and valued customers," reads a joint statement from AHF and Central England Co-op.

“Both AHF and Central England Co-operative wish to reassure all colleagues and customers that this deal with Portnard Ltd will strengthen the business and ensure a smooth transition of ownership which will bring benefits to all concerned.

“The opportunity presents many positive synergies for both AHF and Portnard Ltd and will help strengthen the financial prospects for AHF in the short and longer term.”