SANDERSON DESIGN GROUP
PLC
("Sanderson Design Group", the "Company" or the
"Group")
Head office move to
Sanderson's historic site in West London
Relocation to Voysey House
in Chiswick creates a strategic London base for the Group whilst
returning the Sanderson brand to its former home
Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group,
is pleased to announce that its head office will move later in 2024
to West London to a listed building that opened in 1902 as a
wallpaper factory for Arthur Sanderson & Sons, the forerunner
of the Group's Sanderson brand.
The Group's head office, which
includes approximately 80 staff in design, sales, marketing,
finance and administrative functions along with the Sanderson and
Morris & Co. archives, will move to Voysey House, in Chiswick,
in the Summer 2024 following the signing of a 10-year
lease.
Voysey House, originally known as
the White Building, is Grade II* listed and was designed for Arthur
Sanderson & Sons by the celebrated Arts & Crafts architect
and designer CFA Voysey. After its time as a wallpaper factory,
there were many alterations before Voysey House was converted into
five floors of office space in the late 1960s. The building,
totalling 16,000 sq ft, has recently been completely renovated,
taking it back to its original design ethos whilst significantly
improving its environmental performance.
The fit-out of the building to the
Group's specification is currently underway and it is envisaged
that the building will include showroom space, a design hub and
events location as well as housing the Sanderson and Morris &
Co. archives and head office functions.
The move is expected to be cost
neutral on a run-rate basis owing to Voysey House being a smaller
building than the current headquarters and reducing the Group's
requirement for showroom space elsewhere.
Lisa Montague, Sanderson Design Group's Chief Executive
Officer, said: "This opportunity to
move our head office to London will bring important strategic
benefits for the Group whilst being cost neutral. At the same time,
it is a privilege to be returning the Sanderson brand to Voysey
House, a former Sanderson wallpaper factory and the brand's
original home.
"Locating the Group in London will
support the sales and marketing of Group brands, better showcase
the Sanderson and Morris & Co. archives and assist in
attracting and retaining talent. We are planning to create an
exciting showroom, design hub and events space, which will also
reduce our requirement for external showroom space.
"Voysey House is a building of huge
historical relevance to Sanderson Design Group. We look forward to
moving into the building in the summer this year and to marking the
start of an exciting new chapter in the Group's
development."
For
further information:
Sanderson Design Group PLC
|
c/o Buchanan +44 (0) 20 7466
5000
|
Lisa Montague, Chief Executive
Officer
|
|
Mike Woodcock, Chief Financial
Officer
|
|
|
|
Investec Bank plc (Nominated Adviser and Joint
Broker)
|
+44 (0) 20 7597
5970
|
David Anderson / Ben Farrow / Lydia
Zychowska
|
|
|
|
Singer Capital Markets (Joint Broker)
|
+44 (0) 20 7496
3000
|
Tom Salvesen / Jen Boorer / James
Todd
|
|
|
|
Buchanan
|
+44 (0) 20 7466
5000
|
Mark Court / Sophie Wills /
Toto Berger / Abigail Gilchrist
|
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SDG@buchanan.uk.com
|
|
Notes for editors:
About Sanderson Design Group
Sanderson Design Group PLC is a
luxury interior furnishings company that designs, manufactures and
markets wallpapers, fabrics and paints. In addition, the Company
derives licensing income from the use of its designs on a wide
range of products such as bed and bath collections, rugs, blinds,
tableware and apparel.
Sanderson Design Group's brands
include Zoffany, Sanderson, Morris & Co., Harlequin, Clarke
& Clarke and Scion.
The Company has a strong UK
manufacturing base comprising Anstey wallpaper factory in
Loughborough and Standfast & Barracks a fabric printing
factory, in Lancaster. Both sites manufacture for the Company and
for other wallpaper and fabric brands.
Sanderson Design Group employs
approximately 600 people, and its products are sold worldwide. It
has showrooms in London, New York, Chicago and
Amsterdam.
Sanderson Design Group trades on the
AIM market of the London Stock Exchange under the ticker symbol
SDG.
For further information please
visit: www.sandersondesigngroup.com