DFS has been cleared by the Competition and Markets Authority (CMA) to acquire Sofology for £25m.

The deal to acquire the Warrington-based sofa specialist with a network of 37 stores, was struck in August.

The CMA opened an investigation and invited comments on the transaction in October and has now confirmed that the takeover can take place.

In addition, t

he Financial Conduct Authority has confirmed its clearance of the acquisition which will now complete at the close of business on November 30, 2017.

"I'm delighted that we are able to complete this deal which is a big step for DFS towards achieving one of our strategic growth aims of broadening our product and brand appeal,” said chief executive Ian Filby. "Sofology is a fantastic business that takes great pride in the levels of service and innovation it provides to customers and is a great addition to our family.

"This is an important and historic moment for both businesses; our investment demonstrates the confidence we have in Sofology and the wider Group. I look forward to working with Jason Tyldesley and his team to continue this success."