Friday, August 12, 2022
Bensons for Beds owner Alteri backs chain with additional debt investment
Specialist retail investment firm Alteri Investors is beefing up its support for Bensons for Beds with fresh financial backing as the 170-store beds vertical continues to deliver its transformation plan.
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U.K. furniture makers post weakest growth since March last year
Growth slowed to its weakest level in over a year for U.K. furniture manufacturers in a sign production is catching up with the backlog from earlier high demand.
Dutch mattress retail group explores new bedding brand with U.K. potential
Pan-European retail group Beter Bed Holding is mulling the launch of a new bedding brand as part of its plan to build a nine-figure Internet business within three years.
Revenue recovers for owner of online beds and department store retailer
EBITDA doubled to £2.18 million for the group behind an online vendor of mattresses from brands including Relyon, Jay-Be and Silentnight last year as it recouped sales lost during the pandemic.
Modern furniture retailer Skandium builds bottom-line momentum
Skandium, one of the best-loved names in the U.K. modern furniture and interiors retail sector, continued to build last year following a pre-Covid buyout led by a third-party vendor of Danish design classics.
Bedding and upholstery components supplier agrees foam-cutting deal
Stoke bedding and upholstery components supplier Handy has secured a deal with an Italian partner that will see it offer customers fully-computerised foam cutting machinery on an exclusive basis.
INDX Furniture event to host Retail Insights speaker programme
Associated Independent Stores (AIS), the host of the open-to-all INDX Furniture exhibition taking place later this month, has announced the speakers for its Retail Insights: Furniture Focus programme.
Flooring group Victoria steps up buybacks amid fall in share price
Listed flooring group Victoria has spent more in share buybacks in the past week than in the entirety of last year as it seeks to take advantage of a perceived undervaluation in its share price.
Bensons for Beds raises £21,370 for charity that helps kids sleep better
National retailer Bensons for Beds has raised £21,370 to help 100 children get a better night's sleep. It is part of a longstanding partnership with Absolute Radio's Cash for Kids charity.
PU foam production to fall for first time in over a decade
Declining demand, rising costs and overall economic uncertainty across Europe will lead to a decline in PU foam production this year.
Ex-Asda official joins NBF to deliver its sustainability agenda
The National Bed Federation (NBF), the trade association for U.K. bed manufacturers and their suppliers, has appointed Tom Williams as its new sustainability and circular economy lead.
INTELLIGENCE
Market Data
Detailed market information about each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors at suppliers' prices.
Discover the up-to-date value of:
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UK production
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Imports
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Exports
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Key Trading Partners
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Total UK market size
BEST READ IN THE PAST MONTH
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Legal claim drags insolvency of historic furniture retail brands beyond five years
Restructuring advisors at Kroll say they are still looking to generate bigger returns for the creditors of two historic British upholstery and beds retailers through a legal claim against a payments tech...
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Maker&Son files second notice of intent to appoint administrators amid supply chain frustration
Upholstery destined for customers of Maker&Son is being held back because of slow payment by the £25 million direct-to-consumer brand, which last night made a new court filing that gives it...
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Sleepeezee management have equity stake for first time in modern history
A change in the shareholder structure at Sleepeezee has given senior management a stake in the company for the first time this century, as well as a major incentive to build the value of the...
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Dreams owner Tempur Sealy leads $20m investment in sleep tech pioneer
The CEO of Tempur Sealy International (TSI) says the number of acquisition candidates worldwide are growing as the world's largest bedding company announced a multi-million dollar investment in an...
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La-Z-Boy discloses value of Furnico factory buyout
U.S. headquartered upholstered furniture giant La-Z-Boy has disclosed the terms of the buyout of the Colne sofa maker Furnico—its longtime U.K. manufacturing partner—for the first time.
INTELLIGENCE
Retail Sales
Up-to-date monthly UK retail sales data spanning total furniture and lighting sales PLUS detailed breakdowns for each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors.
Proprietary granular data covering:
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UK retail sales value and y/y delta. Monthly and annual
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Breakdown by product category
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Historical data
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Monthly and annual figures
DATA & LISTS
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Graphic: How Alteri structured Bensons for Beds following 2020 buyout
A visual explainer showing the corporate structure and debt investment in Bensons for Beds and other co-controlled entities.
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Back-to-back deals gave Halo Group a U.K. upholstery manufacturing interest
At the turn of the year we revealed that London based furniture and interior design company Andrew Martin International was effectively fully-owned by the Halo Group.
TOP STORIES
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Bensons for Beds owner Alteri backs chain with additional debt investment
Specialist retail investment firm Alteri Investors is beefing up its support for Bensons for Beds with fresh financial backing as the 170-store beds vertical continues to deliver its transformation plan.
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VC deal for riser chair and adjustable bed maker was worth nearly £40m
The terms of an investment in the direct-to-consumer adjustable furniture brand Willowbrook have been disclosed for the first time following a venture capital backed buyout late last year.
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Andrew Martin acquired majority stake in South Wales sofa maker last year
London based furniture company Andrew Martin International acquired a majority stake in a South Wales sofa manufacturer late last year, shortly before changes in its own ownership structure.
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Mattress Online to open first fully-branded store after adding Sheffield bed shop
Mattress Online has acquired the premises of Sheffield bed retailer Eades & Co and will rebadge it as its first fully-branded store. It will become its third physical showroom overall.
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Inaugural post-buyout figures from The Conran Shop underscore size of turnaround task
Designer furniture, homeware and lifestyle retailer The Conran Shop has disclosed its first group financials since the U.K. headquartered international business changed hands at the outset of the pandemic.
OTHER NEWS
U.K. furniture makers post weakest growth since March last year
Growth slowed to its weakest level in over a year for U.K. furniture manufacturers in a sign production is catching up with the backlog from earlier high demand.
Dutch mattress retail group explores new bedding brand with U.K. potential
Pan-European retail group Beter Bed Holding is mulling the launch of a new bedding brand as part of its plan to build a nine-figure Internet business within three years.
Revenue recovers for owner of online beds and department store retailer
EBITDA doubled to £2.18 million for the group behind an online vendor of mattresses from brands including Relyon, Jay-Be and Silentnight last year as it recouped sales lost during the pandemic.
Modern furniture retailer Skandium builds bottom-line momentum
Skandium, one of the best-loved names in the U.K. modern furniture and interiors retail sector, continued to build last year following a pre-Covid buyout led by a third-party vendor of Danish design classics.
Bedding and upholstery components supplier agrees foam-cutting deal
Stoke bedding and upholstery components supplier Handy has secured a deal with an Italian partner that will see it offer customers fully-computerised foam cutting machinery on an exclusive basis.
INDX Furniture event to host Retail Insights speaker programme
Associated Independent Stores (AIS), the host of the open-to-all INDX Furniture exhibition taking place later this month, has announced the speakers for its Retail Insights: Furniture Focus programme.
Flooring group Victoria steps up buybacks amid fall in share price
Listed flooring group Victoria has spent more in share buybacks in the past week than in the entirety of last year as it seeks to take advantage of a perceived undervaluation in its share price.
Bensons for Beds raises £21,370 for charity that helps kids sleep better
National retailer Bensons for Beds has raised £21,370 to help 100 children get a better night's sleep. It is part of a longstanding partnership with Absolute Radio's Cash for Kids charity.
PU foam production to fall for first time in over a decade
Declining demand, rising costs and overall economic uncertainty across Europe will lead to a decline in PU foam production this year.
Ex-Asda official joins NBF to deliver its sustainability agenda
The National Bed Federation (NBF), the trade association for U.K. bed manufacturers and their suppliers, has appointed Tom Williams as its new sustainability and circular economy lead.