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- UPHOLSTERY
Wayne Hollis, md at rise and recline upholstery producer Celebrity Motion Furniture, says the long-term aim is to lead a management buyout (MBO) and has reaffirmed the company's intent to refocus as a single-brand business.
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- SUPPLY & WHOLESALE
One of the U.K.'s largest wholesalers of domestic cabinet furniture returned to the black last year after a rise in output and cost controls.
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- UPHOLSTERY
Upholstery market leader DFS plans to move into a vacant unit adjacent to its existing Preston store in a move that will reduce its footprint in the city.
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- SUPPLY & WHOLESALE
Designer furniture business Carl Hansen & Søn booked a big increase in profits as it built out revenue to record levels last year. The Danish company said it still hoped for a positive result this year, despite the pandemic.
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- EVENTS
The next edition of international workplace furniture exhibition Orgatec is now more than two years away after organisers pulled this year' event.
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- RETAIL & DISTRIBUTION
Family-owned furniture retailer Cousins has purchased the flagship Shropshire store of Alan Ward and says it will additionally reopen at least one of its three other units across neighbouring counties.
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- BEDS & MATTRESSES
National retailer Bensons for Beds is expected to become the sole retail stockist of the historic Slumberland mattress brand following the prepack buyout by Alteri Investors last month.
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- BEDS & MATTRESSES
The Sleep Council and The Sleep Charity are to merge with the National Bed Federation (NBF) becoming a founding supporter of the enlarged organisation.
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- RETAIL & DISTRIBUTION
Consumer confidence continued to recover in the second half of June according to polling company GfK, though sentiment remains heavily negative.
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- UPHOLSTERY
Rise and recline chair maker Celebrity Motion Furniture has, as was widely expected, secured the backing of creditors for its company voluntary arrangement (CVA).
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- BEDS & MATTRESSES
Dewsbury mattress maker Dura Beds has temporarily closed its factory for a fortnight after a number of its employees contracted Covid-19.
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- ECOMMERCE
Studio Retail, owner of the Studio and Ace mailorder and Internet department store brands, has named Paul Kendrick as successor to CEO Phil Maudsley, who leaves next year.
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- RETAIL & DISTRIBUTION
The balance sheet value of Oak Furnitureland suffered a negative swing in the tens of millions of pounds since the company last put numbers in the public domain, a new report shows.
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- RETAIL & DISTRIBUTION
The administrator that handled the prepack sale of Oak Furnitureland has written to unsecured creditors outlining the value of the deal and advising they will be unlikely to receive a significant return.
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- RETAIL & DISTRIBUTION
The prepack sale of Oak Furnitureland gives management at the retailer time to renegotiate with landlords, many of which will be doing so for the second time inside a year.
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- BEDS & MATTRESSES
Qualifying manufacturing businesses under three years old will be able to join the National Bed Federation (NBF) after it launched a new class of membership.
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- BEDS & MATTRESSES
Retailers are being urged to become champions of British-made beds by the National Beds Federation (NBF), which has launched a new scheme to promote their benefits.
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- EVENTS
Organisers of the home and gift show Autumn Fair have cancelled the 2020 edition because of the pandemic and will deliver virtual content instead.
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- UPHOLSTERY
The prospect of Natuzzi's shares being delisted from the New York Stock Exchange (NYSE) has diminished after the Italian sofa maker regained compliance with listing rules.
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- RETAIL & DISTRIBUTION
The value of the original deal that took Bensons for Beds and Harveys along with group sofa and bed factories into the hands of Alteri Investors and away from Steinhoff International Holdings can now be revealed for the first time.
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- UPHOLSTERY
A Staffordshire cushion manufacturer with 50 employees and partnerships with prestige fabrics brands has folded as a result of the coronavirus pandemic.
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- RETAIL & DISTRIBUTION
Retailers' rent payments remain scarce following the latest Quarter Day dateline for some of Britain's major retail landlords, who have named their price for rent renegotiations.
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- RETAIL & DISTRIBUTION
Two of Britain's highest profile department store businesses put employees on alert yesterday, warning of job cuts ahead and probable store closures.
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- SUPPLY & WHOLESALE
A high-end East Midlands fitted furniture manufacturer says its balance sheet remains robust despite a six-week factory shutdown and it reporting a loss last year.
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- RETAIL & DISTRIBUTION
Furniture chain Harveys was placed into administration through PwC yesterday but alarm bells were already ringing for the retailer's suppliers last week.
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- RETAIL & DISTRIBUTION
General merchandise retailer Argos, one of the U.K.'s biggest vendors of entry-level furniture and mattresses, enjoyed double-digit growth during the lockdown despite the closure of the bulk of its retail estate and no two-man deliveries.
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- BEDS & MATTRESSES
The Alteri Investors led prepack buyout that rescues Bensons for Beds does not includes its manufacturing operations in South Wales and the West of England, including its Relyon plant.
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- REGIONAL
Privately-owned South East retailer Sussex Beds opened its long-planned tenth store last weekend after its launch had been delayed because of the pandemic.
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- SUPPLY & WHOLESALE
Product sales have fallen by more than a third since February 1, high-end interior furnishings group Walker Greenbank said yesterday.
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- SUPPLY & WHOLESALE
John Lewis of Hungerford, the manufacturer and retailer of prestige fitted furniture sold via its own showroom network, has refinanced its debts.
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- RETAIL & DISTRIBUTION
Bensons for Beds and Harveys are no longer sister retail chains after owner Alteri Investors completed a buyout of the former that leaves the latter facing an uncertain future.
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- RETAIL & DISTRIBUTION
240 jobs across Swedish kitchens conglomerate Nobia's U.K. retail and supply network are under threat as part of a wider group reorganisation. Peter Kane, the longtime head of retail chain Magnet, is also stepping down.
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- SUPPLY & WHOLESALE
French cabinet maker's London based subsidiary secures company voluntary arrangement (CVA) after only non-connected creditor declines to vote, objecting to amount ascribed to outstanding debt.
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- INTERNATIONAL
The sale of the €100 million turnover Habitat furniture retail chain outside Britain and Ireland has moved a step closer after its French rights holder entered exclusive negotiations with a prospective buyer.
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- RETAIL & DISTRIBUTION
The reopening of furniture stores in Ireland put the nation's retailers back on the road to recovery in May with data for June likely to show a sharp rise on an annual basis.
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- RETAIL & DISTRIBUTION
Oliver Bonas, the national furniture, gift and lifestyle retailer, has boosted liquidity after agreeing new borrowing via the state-backed Coronavirus Business Interruption Loan Scheme (CBILS).
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- SUPPLY & WHOLESALE
Neptune, the upholstery, furniture and home furnishings vertical, will pay £17,350 to the Wiltshire Wildlife Trust after its failure to register as a packaging producer prompted enforcement action from the Environment Agency.
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- EVENTS
Interior design show Decorex says its November event will transition to an all-virtual format instead of being held in person at Olympia this year.
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- RETAIL & DISTRIBUTION
Privately-owned Furniture Village has been named retail Family Business of the Year in a nationally-recognised annual awards programme.
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- UPHOLSTERY
First quarter revenue declined more than a fifth for Italian sofa giant Natuzzi with almost all its markets worldwide impacted by the Covid-19 pandemic.
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- SUPPLY & WHOLESALE
The return to market of cabinet furniture brand Willis & Gambier will gather momentum with already-previewed product lines to be available ahead of the start of the golden quarter.
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- BEDS & MATTRESSES
National bed chain Bensons for Beds is preparing to open the remaining stores across its retail estate, having opened under half until now.
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- RETAIL & DISTRIBUTION
Furniture and electricals retailer Harvey Norman has timetabled the next addition to its thirteen-store network in Ireland with a long-planned unit in the west of the country.
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- BEDS & MATTRESSES
Duvalay, the Gomersal based mattress manufacturer, has won Yorkshire Family Business of the Year in the People's Choice section of the Family Business United awards for 2020.
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- RETAIL & DISTRIBUTION
Morrisons, the supermarket retailer, will open the doors to its new-concept home and clothing store in North Derbyshire later this morning (June 29).
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- RETAIL & DISTRIBUTION
The new shape of the reborn Oak Furnitureland team has begun to emerge with its new owner drafting in a leading restructuring expert alongside the retailer's incumbent chief executive.
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- FLOORCOVERINGS
Flooring distributor and manufacturer Victoria has taken steps to tie-in the future of senior managers across the group with the launch of a new long-term management incentive plan.
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- SUPPLY & WHOLESALE
Revenue jumped double-digit for a key soft furnishings supplier to Dunelm as it supported the out-of-town home retailer's growth plans on the way to completing ten straight years of top line improvement.
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- RETAIL & DISTRIBUTION
The British Retail Consortium (BRC) and British Furniture Manufacturers (BFM) have endorsed Barker and Stonehouse's 'Let's Get Going Britain' campaign, an initiative designed to galvanise support for homegrown furniture makers.
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- ECOMMERCE
The reintroduction of the Home Essentials brand in April has enabled cross-selling opportunities, says ecommerce and mail-order retailer N Brown Group, with it hoping to attract customers from its other brands.
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- FLOORCOVERINGS
Flooring franchise chain United Carpets Group says it is in advanced talks to secure additional funding but says it will have enough liquidity to see it through "this extraordinary period."
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- UPHOLSTERY
The shutdown of the leisure and hospitality industry will have a major impact on revenue says one of the sector's largest suppliers of furniture and custom-made furnishings. But lower sales didn't stop it growing profits last year.
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- FLOORCOVERINGS
Victoria, the diversified floorcoverings distributor and manufacturer, says U.K. and European carpet sales are rallying now lockdowns have been eased across the continent.
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- UPHOLSTERY
Nicoletti Home says there will be no summer cutoff for orders this year while the southern Italian sofa maker is to bring new products planned for the spring Salone del Mobile show to the U.K. next month for an exclusive event for its retail partners.
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- UPHOLSTERY
Upholstery vertical Sofa.com has permanently closed one of the first stores it opened after it began a national rollout of shops five years ago.
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- RETAIL & DISTRIBUTION
Co-op Group deputy CEO Pippa Wicks has been hired to run department store chain John Lewis & Partners, the retailer has announced.
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- RETAIL & DISTRIBUTION
Consumer confidence for major purchases continue to claw back earlier negativity at the start of June as shoppers returned to stores as the lockdown was eased.
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- CASE GOODS
Higher costs meant kitchen maker Burbidge recorded a bigger deficit in the year to September 30, 2019, despite higher output and wider gross margin.
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- BEDS & MATTRESSES
Members of the National Bed Federation (NBF) have elected David Moffitt as the next president with the trade association, as expected, also announcing its 2020 Bed Show will now not take place.
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- RETAIL & DISTRIBUTION
Work to complete the new state-of-the-art Lucas Furniture store in Buckinghamshire continues at pace with it targeting a summer 2020 opening.
