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Ingka Investments, the Netherlands based operator of 378 IKEA stores worldwide, is to acquire a 49 percent stake in Ikano Bank with the option to buy the finance company outright at a later date.
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Joules Group, the fashion and lifestyle company, has taken a decisive step into the furniture and home sector after agreeing to buy The Garden Trading Company, a fast-growing online retailer with a substantial wholesale arm.
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Häfele, the furniture fittings and hardware conglomerate, is to acquire Moebelplus, an ecommerce business majoring in white goods and small appliances.
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NorthEdge Capital has strengthened its ties to the home furnishings sector after backing a management buyout (MBO) at an expanding decorative lighting business.
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Technology group ClearCourse Partnership has acquired The Swan Group, which provides furniture retail management software to some of the U.K.'s largest furniture retailers.
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Egger Group, the wood-based materials conglomerate with a big presence in the U.K. market, has acquired a minority stake in an Italian company that makes decorative facings for furniture.
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Ilkeston based Belfield Group added foam and fibre products manufacturer Clinchplain to its roster of furnishings-related companies in an unheralded deal that completed in the days before lockdown.
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The value of listed furniture companies across the world tumbled yesterday as coronavirus fears combined with a slump in the price of oil to send shares into freefall.
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French tableware and furniture hire conglomerate Options has acquired GreatHire, a London based company that has provided furniture for State visits in addition to weddings, corporate and PR events.
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Regional window dressings manufacturer and retailer Homefair Blinds has been sold to its management team in a transaction that provides an exit for its former owners.
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Moda Furnishings, the outdoor and conservatory furniture retailer, has been sold to private equity investor Endless. Terms were not disclosed.
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National general merchandise wholesaler Stax Trade Centres has acquired hardware and ironmongery business M.P. Smith & Co, one of its longstanding suppliers.
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Swan Retail, which majors in providing retail software to the furniture, garden and department store sectors, has acquired rival business Touchretail.
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Ashley Wilde, the circa £31 million turnover Hertfordshire fabrics group, has bought Lanarkshire soft furnishings supplier Voyage Decoration out of administration.
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Steinhoff International Holdings has fleshed out plans to restructure the debts of its Steinhoff Europe AG (SEAG) business unit, lining up EY as supervisor to a company voluntary arrangement (CVA).
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Klarna has agreed to buy Close Brothers Retail Finance in a move that shifts the Swedish banking and payments business from the periphery of the furniture retail sector to its core.
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Harveys and Bensons for Beds owner Steinhoff is to enter the fashion market after agreeing to acquire one of the largest non-food retailers in the Southern Hemisphere.
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