It established a UK hardware business named Robert Dyas in London in 1872. It has 93 physical stores, mainly in Greater London and the South East of England, and online sales for household goods, small electrical appliances, gardening supplies, kitchenwares, DIY, and consumer electronics. Robert Dyas left Ireland’s County Meath in 1872 and established his first ironmongery shop with just a £5 inheritance. He was a man of exceptional character and extraordinary tenacity with a mission to give consumers the best products, services, and advice possible. His legacy lives on in the Robert Dyas stores to this day.
Our stores grew in size and spread throughout London and the South East in the following century. We experienced numerous losses during this time, including World War One, the Wall Street Crash, and the Blitz, which cost us 18 stores, our headquarters, and a warehouse. Then, right before Christmas in 1997, a fire destroyed our distribution centre and corporate offices.
Robert Dyas Services
You’ll discover everything you need for your home and garden, from the cutting edge to the standard, from cleaning supplies and kitchen essentials to the newest DIY tools and gardening necessities – all at excellent prices. What unites them all is that their goods adhere to our philosophy of being creative, practical, and long-lasting. The business was on the verge of failure by spring 2009, with rumoured debts of £30 million.
Change Capital Partners had given over ownership of the business to the debt holders Lloyds Banking Group and Allied Irish Banking Group. After a management buy-out supported by the Lloyds Banking Group on April 8. It took steps in September of the same year to safeguard the chain’s sustainability through a debt-for-equity transaction that granted its lenders a majority share in the business. In 2010–2011, Robert Dyas enhanced the use of web kiosks and browsers, developed a new trade structure, and expanded its online offering.
The Allied Irish Banking Group and Lloyds Banking Group put the company up for sale in November 2011. The company was successfully sold to Theo Paphitis in July 2012 after being put through a sale process under the direction of Cavendish Corporate Finance.
Goods and Stores
Robert Dyas runs 93 independent stores (down from 97 in April 2014). The sizes of shops range from a substantial 9,000 square feet (840 m2) to 1,250 square feet (116 m2). Due to store closures at lease expiration, Ryman Limited, owned by Theo Paphitis, also saw a 2.5% fall in shop count and revenue. It can find shops throughout England, but they are most prevalent in London and the southeast. Other places with shops include Bristol in the west and Solihull and Kenilworth in the West Midlands.
It launched a rolling effort to introduce electronic displays into stores in 2013. Presently, 20 stores have electronic displays that display both electronic posters in the front windows and infomercials within the store. In certain stores, shop staff also uses portable tablets to assist customers with purchasing decisions and enhance their shopping experience.
Among the essential categories are kitchenware, vacuums, kitchen appliances, steam cleaning, cleaning supplies, laundry items, garden care, outdoor recreation, DIY tools and supplies, home office supplies, and technology. The company has expanded into seasonal gifting lines during certain seasons of the year.
The business received notice in December 2015 for its Christmas advertisement in which employees and consumers reveal their sexual orientation while showcasing products. We take great pride in giving back to the larger community. Every year, in addition to selling their pens in our shops, we partner with Comic Relief and Sport Relief to help raise money for these essential organizations by conducting pub quizzes, bake sales, and other events.
We try to raise as much money as we can each year by being more significant and better than ever. We also try to recycle anything we can and offer a location for our clients to recycle their used batteries, light bulbs, and Brita filters. Since we believe that little things can make a huge difference. Additionally, we have a wide selection of FSC-certified goods, such as outdoor furniture and barbecues. We are enabling our customers to make ethical purchases without sacrificing cost, style, or quality. Robert Dyas, a 140-year-old hardware shop, has been acquired by Dragons’ Den star Theo Paphitis in a deal estimated to be worth roughly £10 million.
Paphitis purchased the 96-store network through his wholly-owned company Gladys Emmanuel. Paphitis is the chairman of the stationery chain Ryman. But it is more known for his work on the BBC entrepreneurship series. A sale of the company was one of the options that It appointed advisers to investigate early this year by Lloyds. The company’s largest stakeholder with a 40% holding in Robert Dyas.
In a £30 million debt-for-equity swap in 2009, Lloyds and fellow majority owner Allied Irish Bank purchased Robert Dyas, which has 1,100 employees working in its stores and Leatherhead headquarters. One of the high street’s most severely impacted segments has been homeware due to the weak real estate market and pressure on household budgets.
READ MORE: Stella Barey Bio, Career, and Updated News