Any hopes U.K. and international carpet makers had for a flood of new orders from Headlam may be dashed as Europe's largest wholesaler said it would use existing inventory in the short-term.

Having declined by a third in February, the value of carpets arriving on British shores diminished further at the end of the first quarter.

The owner of a five-store floorcoverings warehouse chain in the South East of England incorporated a new business ahead of the placing of an existing enterprise into liquidation last month.

Former Eve Sleep CEO James Sturrock will this week join floorcoverings retailer Tapi Carpets as its new leader, according to The Telegraph.

Balta, Europe's largest textile flooring manufacturer and a major supplier to the U.K. carpet market, says it will start ramping up production in June but warned it won't be operating at full capacity any time soon.

The Yorkshire wool supplier that ceded control of Axminster Carpet earlier this year booked a bigger loss for the period that led up to its spring 2019 restructure, but made inroads into debt.

Equity holders subscribing for newly-issued shares have taken total investment in the now-five-year-old floorcoverings retail chain Tapi Carpets to well over £50 million.

Independent floorcoverings retailers bolstered their market position amid challenging trading conditions last year according to Brintons, the major Kidderminster carpet conglomerate.

The carve up of the Axminster Carpets group leaves creditors facing a shortfall of up to about £9 million, despite a number of asset sales generating cash for their benefit.

Designer Contracts, the national floorcoverings contractor, is unfurloughing staff and resuming fitting services as its customer base emerges out of lockdown.

Imports of carpets from Belgium declined by almost a third in February as U.K. retailers and wholesalers pivoted to its biggest national competitor.

North West distributor Flair Rugs achieved a decade of consecutive year-on-year sales growth after output climbed again last year, new accounts show.

Victoria, the diversified flooring producer and distributor with operations in multiple countries worldwide, says it can survive even the most severe scenarios presented by the coronavirus pandemic.

Headlam Group, Europe's largest floorcoverings distributor, says the opening of its new regional distribution centre has been delayed after European contractors were recalled due to travel restrictions.

Carpetright, Britain's biggest floorcoverings retailer, is to sponsor Exeter City Football Club for three years starting from the beginning of next season.

The competition watchdog has waved through the sale of Dewsbury carpet yarn supplier Lawton Yarns to new buyers, saying no third parties objected to the deal.

Headlam Group, Europe's largest floorcoverings wholesale group, has agreed to buy Lancashire distributor Supertex Furnishings from its private shareholders.

Carpet maker Balta Group, Europe's largest textile floorcoverings manufacturer, said U.K. sales fell sharply in the final quarter as its customers reversed earlier spending patterns.

Carpet maker Burmatex shrugged off weak trading conditions to outperform the commercial floorcoverings sector last year.

Axminster Carpets, the Devon carpet maker placed into administration for the second time in seven years last month, has been saved after a group of private investors acquired the business as a going concern.

Higher costs and narrower gross margin countered the impact of an increase in revenue last year at Headlam Group, Europe's largest floorcoverings distributor.

Karen Knighton, one of the founding directors at fast-growing retailer Tapi Carpets & Floors, has retired after a long career in the floorcoverings sector.

The circa £30 million turnover floorcoverings retailer behind brands including Flooring Superstore and Direct Wood Flooring is planning to expand its store footprint after agreeing new funding.

Axminster Carpets has been placed into administration for the second time in seven years as efforts to find a solvent solution for the heritage carpet brand failed.

Floorcoverings and beds retailer United Carpets Group said profits will be lower than expected after consumers failed to loosen the purse strings following "the decisive result in the General Election."

December brought a third straight double-digit percentage drop in Belgian carpet imports as U.K. buyers looked elsewhere for soft flooring.

Heritage carpet maker Axminster Carpets will be placed into administration if eleventh hour rescue talks with investors fail to yield a deal.

Likewise, the acquisitive floorcoverings distributor, has added Manchester based supplier A&A Carpets to its growing roster of companies.

Danspin has agreed to sell carpet yarn spinner Lawton Yarns to a London based private equity firm in a deal that would end the competition watchdog's antitrust investigation into its earlier takeover.

Abingdon Flooring, the Victoria-owned carpet manufacturer, has appointed Paul Murphy as managing director — group manufacturing.

Carpetright has returned to private ownership after the court-approved scheme of arrangement, which sees lender Meditor Fund take full control of the U.K.'s largest carpet retailer, came into effect.

Designer Contracts, the national floorcoverings contractor, has promoted Stacey Brereton to its board as HR and health and safety director.

Floorcoverings distributor and manufacturer Victoria is to repay all its outstanding senior bank borrowing with the issue of £170 million of corporate bonds.

Penthouse Carpets, one of the U.K.'s largest independent floorcoverings manufacturers, posted rising revenue and profits in 2018–19 despite facing headwinds in the market sectors it operates.

The Competition and Markets Authority (CMA) has given Danspin more time to complete a sale of Yorkshire based carpet yarn spinner Lawton Yarns to an as-yet unnamed buyer.

Headlam, Europe's largest floorcoverings distributor, says its new £26 million regional distribution centre at Ipswich is on track for operational completion by Easter.

British carpet imports from Belgium, the principal source of overseas-produced flooring sold in the U.K. market, fell sharply in November, meaning they have now dropped in seven of the past eight months.

Return to growth for North London rug distributor.

Meditor Fund, whose takeover of Carpetright is due to complete early 2020, has provided a £9 million unsecured loan to the floorcoverings retailer.

The privately-owned Brockway Carpets group was back in profit in the year to March 31, 2019 after doubling the return from its carpet tufting business, outweighing losses at its weaving unit.



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