Frasers Group, owner of retailers House of Fraser and Sofa.com, paid £2 million in cash to rescue the business and assets of Amara Living after the embattled home and living brand had run out of alternative funding sources.
Alan Sweeney has stepped down as Alfrank Designs CEO after almost 17 years to launch a new agency and sourcing business with one of Ireland's leading furniture buyers. He will continue to work with the dining and occasional furniture supplier on a part-time basis.
An already-closed Edinburgh mattress retail company has been temporarily prevented from being struck off from the company register following an objection.
Prominent Irish retailer EZ Living Furniture is planning to build and open a state-of-the-art retail warehouse in arguably Northern Ireland's premier location for big-ticket home retailers.
The organiser of the January Furniture Show says nearly three quarters of exhibitors have already rebooked for the 2024 edition, and name-checked two large upholstery brands among those that will return after missing this year's event.
Yorkshire mattress springs and bed components manufacturer Spinks has secured an internationally-renowned accreditation for its pocket spring products.
Inexpensive Danish furniture retailer JYSK will open five stores in two days this month including a buildout of its U.K. footprint.
Upholstery brand Sofa.com maintained high double-digit margin last year despite rising costs weighing against the impact of big sales growth.
The U.K. future of international bedroom and dining furniture resource Rowico is unclear after its wholly-owned business unit here was placed into the hands of restructuring advisors late last month.
HSL has appointed Venessa Hodgson as managing director designate following the departure of CEO Guy Critchlow, who has left after over six years with the furniture vertical.
A regional logistics company offering services including white-glove two-man furniture deliveries has been placed into the hands of restructuring advisors.
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The owner of The Conran Shop has provided another equity injection in a move that bolsters the balance sheet of the designer furniture, lighting and homeware retailer.
Studio Moderna Brands International, a U.K. company controlled by the mainland European group that also owns mattress and bedding brands such as Dormeo and Octaspring, has been placed into...
Jim Gerety is to retire as managing director at Vispring, the Devon bed manufacturer has announced. Operations director Chris Harrison is also retiring.
Furniture group Actona has revealed it paid well above book value for the takeovers of European sofa producers SITS and Theca last year in deals that made it one of the world's largest upholstery...
Charlie Harrison has become managing director of Furniture Village as part of a board reshaping that sees several internal promotions and company co-founder Peter Harrison become executive chairman.
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As a rule, the prepack sale of the business and assets of an insolvent company to an unrelated third party spells bad news for the prior shareholders.
Sofa.com was again a big profit generator for its owner Frasers Group last year, yet cash declined and it was nothing to do with dividends. Here's why.
Frasers Group, owner of retailers House of Fraser and Sofa.com, paid £2 million in cash to rescue the business and assets of Amara Living after the embattled home and living brand had run out of alternative funding sources.
Restructuring advisors handling the insolvency of the U.K. arm of bedroom and dining resource Rowico say they are clearing inventory following their appointment last month.
The owner of the West Elm and Pottery Barn Kids retail and wholesale brands said it expects to register lower U.K. sales as a result of business model and strategy adjustments here.
National furniture retailer Barker & Stonehouse has shared images of its soon-to-be-finished Gateshead store ahead of its scheduled opening this spring.
The upholstered furniture manufacturer behind brands including Sofas by Saxon and Timeless Chesterfields enjoyed the strongest financial year in its history through 2021/22.
Alan Sweeney has stepped down as Alfrank Designs CEO after almost 17 years to launch a new agency and sourcing business with one of Ireland's leading furniture buyers. He will continue to work with the dining and occasional furniture supplier on a part-time basis.
An already-closed Edinburgh mattress retail company has been temporarily prevented from being struck off from the company register following an objection.
Prominent Irish retailer EZ Living Furniture is planning to build and open a state-of-the-art retail warehouse in arguably Northern Ireland's premier location for big-ticket home retailers.
The organiser of the January Furniture Show says nearly three quarters of exhibitors have already rebooked for the 2024 edition, and name-checked two large upholstery brands among those that will return after missing this year's event.
Yorkshire mattress springs and bed components manufacturer Spinks has secured an internationally-renowned accreditation for its pocket spring products.
Inexpensive Danish furniture retailer JYSK will open five stores in two days this month including a buildout of its U.K. footprint.
Upholstery brand Sofa.com maintained high double-digit margin last year despite rising costs weighing against the impact of big sales growth.
The U.K. future of international bedroom and dining furniture resource Rowico is unclear after its wholly-owned business unit here was placed into the hands of restructuring advisors late last month.
HSL has appointed Venessa Hodgson as managing director designate following the departure of CEO Guy Critchlow, who has left after over six years with the furniture vertical.
A regional logistics company offering services including white-glove two-man furniture deliveries has been placed into the hands of restructuring advisors.