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- UPHOLSTERY
Upholstery brand Zofa has followed its ecommerce launch earlier this year with the introduction of a flagship showroom in the North of England.
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- BEDS & MATTRESSES
Unsecured creditors of the historic former Silentnight entity whose assets were sold to a U.S. private equity company more than a decade ago received a third seven-figure payout last year.
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- SUPPLY & WHOLESALE
Restructuring advisors handling the insolvency of Kettle Interiors U.K. say legal action may be necessary to facilitate the collection of a portion of the furniture wholesale company's debtor book.
- Details
- RETAIL & DISTRIBUTION
The owner of The Conran Shop has taken his total investment in the designer furniture, home, lifestyle and giftware retailer to almost £20 million after a new equity issue.
- Details
- UPHOLSTERY
Norwegian furniture conglomerate Ekornes has appointed experienced branded consumer goods leader Tine Hammernes Leopold as its new CEO.
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- RETAIL & DISTRIBUTION
An expanding furniture retailer that launched during the pandemic is to open its debut store in the North of England after a breakout year in which it recorded its first profits.
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- SUPPLY & WHOLESALE
Kettle Home agreed to buy stock with a book value of £6 million off furniture wholesaler Kettle Interiors U.K. for well under half that amount on March 22, 2023, two days before the latter was placed into administration.
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- RETAIL & DISTRIBUTION
Gillies booked record sales and strong profits last year with md Ian Philp saying the furniture retailer is in a good position going into a more challenging trading backdrop.
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- SUPPLY & WHOLESALE
U.K. tax authorities face the biggest shortfall from the fallout of the restructuring of the Kettle Interiors U.K. furniture wholesale operation earlier this year, despite being near the front of the queue for a payout.
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- SUPPLY & WHOLESALE
Shares in the Chinese furniture group that acquired Norwegian furniture giant Ekornes back in 2018 have fallen to their lowest level since an IPO nearly a decade ago.
- Details
- REGIONAL
A new era at Minerva Furniture Group has begun after it bid farewell to its longstanding business manager Roy Beagent as he embarks on his retirement.
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- UPHOLSTERY
Higher costs hit Buoyant Upholstery's profit margins during a period of supply chain upheaval in which the Nelson sofa maker said it managed to successfully keep disruption to customers to a minimum.
- Details
- UPHOLSTERY
The Far East upholstery manufacturer behind the Kuka brand booked higher profits last year despite revenues coming under pressure.
- Details
- RETAIL & DISTRIBUTION
ScS has added two new Snug concessions to its store network as it continues to build out the retail footprint of the brand it acquired at the turn of the year.
- Details
- REGIONAL
East of England retailer Mattressman is said to be closing its Chelmsford store, one of two the privately-owned bed company currently operates in Essex.
- Details
- BEDS & MATTRESSES
Richard Gretton has joined GNG Group as commercial director. He arrives at the West Yorkshire manufacturer from Hypnos Beds, where he has spent the past half decade as global retail sales director.
- Details
- BEDS & MATTRESSES
High end Swedish brand Carpe Diem Beds has added a third London touch point after agreeing a tie-up with designer furniture and homeware retailer Heal's.
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- ECOMMERCE
East Midlands retailer My Furniture built cash and reduced both stock levels and bank debt in a stronger 2022/23 trading period for the ecommerce-led company.
- Details
- BEDS & MATTRESSES
Stakeholders at Keen & Able have reassessed the viability of the specialist white-glove home delivery company's operations following the loss of several large customers. A staff consultation process is underway.
- Details
- BEDS & MATTRESSES
The Jay-Be group booked larger profits last year as a seven-figure upwards property revaluation helped counter the effect of rising costs and supply chain challenges on the business.
- Details
- BEDS & MATTRESSES
Silentnight has embarked on a new marketing campaign to promote its quick-ship Just Sleep programme including television advertising and the unveiling of a mattress vending machine in a London train station.
- Details
- TRADE & INDUSTRY
Homeserve Furniture Repairs has rebranded as Emmiera Group in a transformation designed to better reflect both its values and its wide-ranging activities that transcend its core furniture repair services.
- Details
- RETAIL & DISTRIBUTION
A private launch party will next week herald the arrival of RH, the luxury furniture retailer formerly known as Restoration Hardware, for the first time — five and a half years after The Furnishing Report first revealed its plans to launch into the U.K. market.
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- ECOMMERCE
Ecommerce retail giant The Very Group said home demand moderated in the latest quarter despite gains in selected categories including beds.
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- RETAIL & DISTRIBUTION
Higher prices kept furniture and lighting retail sales positive in April with a mid-single digit percentage climb on the same month last year. Volumes still declined.
- Details
- FLOORCOVERINGS
Shares in the U.K's largest floorcoverings distributor fell to their lowest level in over seven months on Thursday after it had earlier said it was taking steps to address a reduction in gross margin.
- Details
- BEDS & MATTRESSES
A new era has begun at the National Bed Federation (NBF), according to its president Jim Gerety, with its recent appointment of a new executive director followed by the election of four replacement Council members.
- Details
- RETAIL & DISTRIBUTION
The CEO of Nestware Holdings says the flooring group is part way through a process to hire a new managing director for Carpetright, its largest retail brand, having recently appointed a new finance director.
- Details
- UPHOLSTERY
Upholstered furniture and beds retailer Willow & Hall maintained bottom line momentum as it built on a return to profit with another gain last year.
- Details
- BEDS & MATTRESSES
U.K. consumers are being sold mattresses, sofabeds and headboards that either fail flammability regulations or have serious trade descriptions issues, according to new research by the National Bed Federation (NBF).
- Details
- FLOORCOVERINGS
National floorcoverings distributor TradeChoice Carpet & Flooring will expand its depot network by half this year, starting with a new facility opening next month.
- Details
- EVENTS
Registration is now open for the 2023 Bed Show, which takes place at the Telford International Centre from September 26–27, 2023.
- Details
- BEDS & MATTRESSES
The number of U.K. mattress manufacturers with relatively modest sales and fewer than 50 employees has risen exponentially in the past decade while the total of larger enterprises has remained broadly unchanged.
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- RETAIL & DISTRIBUTION
Marks & Spencer (M&S) says it will look to expand partnerships in an attempt to galvanise its home business, citing the recent extension of an existing brand union into upholstery and case goods.
- Details
- RETAIL & DISTRIBUTION
Furniture retail price inflation eased for the eighth straight month in April with a slackening off in costs incurred at the factory auguring well for further declines in the months ahead.
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- RETAIL & DISTRIBUTION
Tough comps and a higher exposure to the furniture category contributed to falling sales at West Elm in the first quarter of 2023, according to parent company Williams-Sonoma.
- Details
- CASE GOODS
The closure of a flatpack furniture maker earlier this year has resulted in the liquidation of a co-controlled ecommerce retail business trading as Devoted2Home.
- Details
- ECOMMERCE
The insolvent restructure that wiped out the equity interest of the founder of ecommerce retailer Oak Furniture Superstore has resulted in elevated stakes for other shareholders, including the founder of Oak Furnitureland.
- Details
- RETAIL & DISTRIBUTION
Maisons du Monde, the €1.2 billion turnover furniture and home décor retailer, will this week begin a managed close down of its U.K. operations.
- Details
- RETAIL & DISTRIBUTION
Lawyers acting for general merchandise retailer Next will argue the case for the fashion-to-furniture chain next month as an intellectual property dispute with a German company moves closer to a resolution.
- Details
- BEDS & MATTRESSES
Profits remained robust through 2022/23 for the North East company that describes itself as the first affordably-priced memory foam mattress competitor to market leader Tempur.
- Details
- SUPPLY & WHOLESALE
Corporate reorganisation follows spring 2022 takeover by Norwegian furniture conglomerate.
- Details
- TRADE & INDUSTRY
Industry charity The Furniture Makers' Company is planning a summer event designed to promote knowledge sharing and elevate the understanding of sustainability issues.
- Details
- RETAIL & DISTRIBUTION
Designer furniture and homeware retailer Heal's saw cash decline by more than £5 million last year as a consequence of the unwind of its large order book and of it retiring a portion of its outstanding debt.
- Details
- SUPPLY & WHOLESALE
Two unrelated privately-owned kitchen companies with combined sales north of £30 million were placed into administration within days of each other in the past fortnight.
- Details
- TRADE & INDUSTRY
Nearly 20 furniture, flooring and furnishing industry founders, owners and families were named among the 350 wealthiest in the country according to The Sunday Times Rich List 2023, published this weekend.
- Details
- REGIONAL
Furniture and dependent store retailer Bradbeers will this autumn open an own-brand store in the large Salisbury property it formerly leased to Debenhams.
- Details
- TRADE & INDUSTRY
News in brief from across the U.K. furnishings sector.
- Details
- RETAIL & DISTRIBUTION
Third-party investors have taken a multi-million pound minority equity position in Neptune, the Wiltshire headquartered furniture design, wholesale and retail group.
- Details
- SUPPLY & WHOLESALE
Major furniture supplier Global Home Group has written to retailers outlining price cuts across a number of its established cabinet collections, following through on a promise made last year.
- Details
- RETAIL & DISTRIBUTION
The Floor Room, the flooring retail brand launched by Carpetright owner Nestware two years ago, is to take over responsibility for all of John Lewis’ fitted flooring, from customer consultation to installation.
- Details
- TRADE & INDUSTRY
Exports of core furniture products such as mattresses, sofas and dining sets inched higher in the first quarter of 2023, rising to the highest level in four years.
- Details
- SUPPLY & WHOLESALE
High-end furniture roll-up Italian Design Brands launched its Initial Public Offering (IPO) on Thursday, raising €70 million from the issue of new shares in the company.
- Details
- UPHOLSTERY
Upholstery conglomerate Man Wah Holdings booked lower profits through 2022/23 as the impact of cheaper raw material costs was countered by a drop in revenue.
- Details
- CASE GOODS
The value of wood living, dining and bedroom cabinet imports dropped for the fourth month in a row in March on the back of lower figures from China and Vietnam.
- Details
- RETAIL & DISTRIBUTION
A highly-regarded retailer with furniture stores in Ayr and Glasgow made its biggest gain in the past decade as it continued build in the year to January 31, 2023.
- Details
- RETAIL & DISTRIBUTION
Williams-Sonoma, the U.S. conglomerate behind the West Elm and Pottery Barn retail formats, has launched GreenRow, a new consumer brand specialised in the use of sustainable materials and manufacturing practices to create colourful, vintage-inspired heirloom quality products.
- Details
- SUPPLY & WHOLESALE
A £7.4 million rise in revenue failed to lift profits at a London based contract furniture provider as it grappled with rising shipping and product costs through 2021/22.
- Details
- RETAIL & DISTRIBUTION
Mattress and ancillary sleep products retailer Woolroom maintained a positive bottom line last year after a break-out period in the run up to and through the pandemic.
- Details
- BEDS & MATTRESSES
Import volumes of foam and sprung mattresses into the U.K. climbed for the third straight month in March, but the value of those products was lower compared with last year.
- Details
- REGIONAL
The co-owner of the furniture company behind The Interior Outlet retail store in Yorkshire says a variety of factors resulted in its insolvency including unresolved issues in its supply chain.
- Details
- FLOORCOVERINGS
International floorcoverings supplier Victoria has moved its registered headquarters to the company's purpose-built 185,000sqft distribution and administration centre at Worcester.
- Details
- RETAIL & DISTRIBUTION
Danish furniture and homeware retailer JYSK will take U.K. store numbers to 30 with the launch of a new branch in Warrington later this month.
- Details
- LEGAL & RESTRUCTURING
A court filing has put creditors of a heritage producer and distributor of table, dining and homeware products on high alert ahead of a possible insolvent restructure.
- Details
- UPHOLSTERY
The value and volume of upholstered furniture arriving in the U.K. from overseas declined again in March, largely as a result of weak data from China.
- Details
- RETAIL & DISTRIBUTION
The owner of The Conran Shop has invested more equity into the modern furniture, homeware and lifestyle retailer via a fresh share issue.
- Details
- FLOORCOVERINGS
Losses widened at fast-expanding floorcoverings distributor Likewise Group last year despite top line gains driven by acquisition and organic growth from a larger market presence.
- Details
- FLOORCOVERINGS
U.K. importers continued to buy in less carpet in March as both the value and volume of goods arriving at British ports fell again, new figures show.
- Details
- TRADE & INDUSTRY
Raw material price inflation has eased only to be usurped by rising costs elsewhere, according to a poll of U.K. producers by the British Furniture Manufacturers (BFM).
- Details
- UPHOLSTERY
TCM Living, the upholstery group behind the Ashley Manor, Alstons and Alexander & James brands, found margin in the first quarter but lower revenue and one-off restructuring costs meant profits still declined.
- Details
- UPHOLSTERY
Upholstery giant Man Wah Holdings has been ordered to pay only a fraction of the damages a jury awarded last year after an intellectual property dispute with furniture components manufacturer Raffel Systems.
- Details
- REGIONAL
Nailsea retailer Orchards The Furniture People is to call time on over 50 years of trading and close permanently ahead of its owners' planned retirement.
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- BEDS & MATTRESSES
Restructuring fees are expected to swallow up most if not all of the agreed consideration for mattress machinery maker MPT Group following its insolvent rescue last month.
- Details
- UPHOLSTERY
The Branded Furniture Company (TBFC) agreed an extension to its furniture license with Orla Kiely ahead of new product being shown at its Open House Event this week (May 9–12, 2023).
- Details
- BEDS & MATTRESSES
The National Bed Federation (NBF) has paid tribute to its past president and bed industry great John Hancock MBE, who has died aged 84.
- Details
- RETAIL & DISTRIBUTION
The current valuation of international urban furniture retail brand BoConcept has declined in the past year, according to its longtime private equity backer.
- Details
- SUPPLY & WHOLESALE
Higher prices and the completion of winter sales orders kept U.K. furniture factories busy as turnover at the factory gate reached an all-time high landmark in March.
- Details
- RETAIL & DISTRIBUTION
The write-off of a related party loan was behind furniture and flooring rental retailer Pay Weekly Carpets & Vinyl reporting a loss last year despite rising output from its in-house sofa manufacturing unit.
- Details
- EVENTS
W Exhibition, the U.K. trade show for the furniture manufacturing and joinery industries, has rebranded as Materials & Finishes Show ahead of its scheduled return in Birmingham next year.
- Details
- RETAIL & DISTRIBUTION
John Lewis of Hungerford has agreed the £3 million sale and leaseback of its Oxfordshire factory amid wider plans to save cash by delisting from the Alternative Investors Market (AIM) of the London Stock Exchange.
- Details
- BEDS & MATTRESSES
U.K. sales jumped for mattress brand Emma Sleep according to just-filed figures that take in some of the most lucrative months of the pandemic for large players in the ecommerce home sector.
- Details
- FLOORCOVERINGS
National retailer Tapi Carpets & Floors has launched a programme of eco-friendly carpets manufactured from recycled polyester and plans to add further sustainable smooth flooring options in the near future.
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- RETAIL & DISTRIBUTION
Heritage independent furniture retailer Ewen & Company has begun a retirement sale ahead of the planned permanent closure of its Aberdeen premises.
- Details
- BEDS & MATTRESSES
The National Bed Federation’s (NBF) consumer arm Bed Advice U.K. has sponsored The Sleep Charity’s new adult sleep eBook, which aims to help the nation sleep better.
- Details
- RETAIL & DISTRIBUTION
Graham & Green acquired a new 100,000sqft distribution centre last year as the furniture and homeware retailer looked to make itself more cost efficient amid rising output.
- Details
- DEALS & FINANCE
Global supply chain delays ratcheted up the pressure on mattress machinery maker MPT Group ahead of an insolvent restructure that has seen all jobs saved.
- Details
- RETAIL & DISTRIBUTION
The leader of Tempur Sealy International (TSI) says the takeover of U.K. market leader Dreams augurs well for the much-larger planned acquisition of its compatriot retailer Mattress Firm in a deal worth $4 billion.
- Details
- DEALS & FINANCE
The md of the Yorkshire distribution company that bought the Corian solid surface material to the U.K. home furnishings market has completed a management buyout.
- Details
- BEDS & MATTRESSES
Tempur Sealy International (TSI), the world's largest bedding company and owner of U.K. bed market leader Dreams, has agreed to acquire Mattress Firm, the largest bed retailer in the U.S., in a cash and shares deal worth $4 billion.
- Details
- DEALS & FINANCE
Gallery Direct has expanded its home accents business with the acquisition of Art Marketing, a wall art, clocks and photo frames supplier. The Kent company has also announced a management reorganisation that will see md Peter Delaney take on a new brief.
- Details
- COMMUNITY
Edward Tadros, chairman of family-owned furniture maker Ercol until the summer of last year, has been awarded the Lifetime Achievement Award by The Furniture Makers’ Company, the City of London livery company and furnishing industry charity.
- Details
- RETAIL & DISTRIBUTION
The owner of contemporary sofa maker Roger Lewis is overseeing the distribution of The Conran Shop’s exclusive in-house designs to the U.K. commercial market after it formed a strategic alliance with the high-end design retailer.
- Details
- BEDS & MATTRESSES
The London based company that claims to offer the world’s most advanced, breathable bamboo mattress returned seven-figure profits for the second straight year through 2021/22.
- Details
- ECOMMERCE
The issue of newly-allotted shares helped fund the Cotswolds-based ecommerce bedding brand Bedfolk last year as it sustained a trading deficit.
- Details
- SUPPLY & WHOLESALE
Export sales jumped by a quarter to help South Wales furniture maker Bisley continue its recovery from the impact of Covid disruption through 2021/22.
- Details
- LEGAL & RESTRUCTURING
Consumer creditors and the tax authorities are the biggest losers from the fallout of the closure of an award-winning Yorkshire kitchen vertical that had built its ethos around sustainable design and manufacturing.
- Details
- COMMUNITY
Amanda Waring, the furniture and garden designer, has been installed as the 61st Master of The Furniture Makers' Company, and plans to raise awareness of the industry's future leaders during her time at the helm.
- Details
- BEDS & MATTRESSES
Jones & Tomlin, one of the country's largest privately-owned bed specialists, is to expand its store footprint beyond its home county after it acquired the freehold to a former Bathstore unit.
- Details
- BEDS & MATTRESSES
A director and shareholder of MPT Group, a well known North West manufacturer of machines used in the production of mattresses, has acquired certain assets of the company via an insolvent buyout.
- Details
- CASE GOODS
Gola Wood Works, a cabinet furniture company registered at Downpatrick, County Down, has been placed into administration through restructuring advisors at KPMG.
- Details
- RETAIL & DISTRIBUTION
International revenue fell double-digit for ecommerce home goods platform Wayfair in the first quarter, returning to the levels seen at the outset of the pandemic.
- Details
- RETAIL & DISTRIBUTION
National soft furnishings, lighting and home accents brand Julian Charles Home has laid down a marker in a profitable first full year since a private equity backed buyout.
- Details
- CASE GOODS
Bedroom furniture manufacturer Home Decor has seen its liabilities slashed thanks to a loan waiver from its longtime private equity backer.
- Details
- UPHOLSTERY
First quarter U.K. and Ireland revenue declined in line with the global trend for Stressless brand owner Ekornes in the three months to end March.
- Details
- BEDS & MATTRESSES
Industrial conglomerate Leggett & Platt, a key cog in the U.K. mattress supply chain, posted a weaker first quarter performance as it lapped a record period last year.
- Details
- RETAIL & DISTRIBUTION
General merchandise retailer Next outperformed expectations in the past three months but warned off any over exuberance by cutting sales forecasts for the next quarter.
- Details
- RETAIL & DISTRIBUTION
U.K. kitchen giant Wren has expanded its showroom network in North America as it looks to build on major investment in manufacturing in the U.S. market.
- Details
- UPHOLSTERY
South Wales upholstered furniture manufacturer Ashwood Designs has appointed Gary Thompson as sales director.
- Details
- FLOORCOVERINGS
Connection Retail, the group behind brands including Flooring Superstore and Direct Wood Flooring, has restructured its cost base after a year in which it incurred a seven-figure deficit.
- Details
- SUPPLY & WHOLESALE
Restructuring advisors trying to recoup funds for the estate of an insolvent cabinet furniture retail business could result in a non-trading property company being placed into administration.
- Details
- SUPPLY & WHOLESALE
The former owner of the Conran & Partners interior design and architecture practice has disclosed the terms of the sale of the business to its management team for the first time.
- Details
- SUPPLY & WHOLESALE
Kellars expects to grow by a fifth in its current financial period after the the first full year impact of its depots in Glasgow and Rugby helped boost its national profile last year.
- Details
- SUPPLY & WHOLESALE
Stronger gross margin helped protect profitability for Ireland, Northern Ireland and Scotland wholesaler Flanagan Flooring last year amid rising costs and lower revenue.
- Details
- COMMUNITY
Upholstery and flooring retailer ScS is partnering Shelter, the housing and homelessness charity, by supporting the organisation’s work with donations of cash, unwanted products, and time.
- Details
- UPHOLSTERY
A Scotland based ecommerce trader has become the latest supplier of upholstery to fall foul of the U.K. flammability regulations with four of its models said to present a serious fire risk.
- Details
- FLOORCOVERINGS
The longtime private equity backer of Brintons says it has successfully negotiated revised debt covenants with the banking syndicate that lends to the group, shoring up the historic carpet maker's finances.
- Details
- BEDS & MATTRESSES
Google and HM Revenue & Customs stand to lose most from the insolvency of the company that until a few days ago ran the Divan Bed Warehouse ecommerce mattress and bedding retail business.
- Details
- FURNISHINGS & ACCENTS
Pooky, the lighting brand created by one of the co-founders of Sofa.com, is opening its first retail showroom in the North of England and its third overall.
- Details
- RETAIL & DISTRIBUTION
Revenue recovered close to pre-pandemic levels for heritage independent home goods retailer Gardiner Haskins last year after a second straight period of growth. Profits also climbed.
- Details
- BEDS & MATTRESSES
Dubious traders tricking U.K. consumers into buying cheap mattresses that purport to be made with much higher specifications are costing the bed industry £100 million a year, says the National Bed Federation (NBF).
- Details
- SUPPLY & WHOLESALE
Phil Spademan has been appointed managing director of trade association British Furniture Manufacturers (BFM), replacing Sean Holt who has left after fewer than 18 months in the role.
- Details
- BEDS & MATTRESSES
Ecommerce retailer Divan Bed Warehouse is now trading through a different corporate structure after a tax demand from HM Revenue & Customs prompted a predecessor operating company to enter liquidation.
- Details
- BEDS & MATTRESSES
Industrial conglomerate Recticel says foam company Carpenter has communicated its intent to pay less than had been previously agreed to acquire its Engineered Foams business.
- Details
- RETAIL & DISTRIBUTION
Magnet owner Nobia said first quarter revenue declined in the U.K. as it began a wide-ranging restructuring programme that sees the closure of two kitchen factories here and other business model adjustments.
- Details
- SUPPLY & WHOLESALE
Wincanton has made what it described as a multi-million pound investment in electric vehicle technology to provide home delivery services for IKEA, the U.K.'s largest home furnishings retailer.
- Details
- BEDS & MATTRESSES
Privately-owned ecommerce retailer MattressNextDay has begun listing the Simba Sleep mattress programme among its product offering for the first time.
- Details
- RETAIL & DISTRIBUTION
Independent furniture retailer Vale Furnishers invested more than half of its large cash reserves into property during a year in which it posted record revenue and higher adjusted profits.
- Details
- RETAIL & DISTRIBUTION
Positive rent talks with landlords means general merchandise retailer Argos plans to cull fewer stores than previously anticipated over the course of the next 12 months.
- Details
- UPHOLSTERY
Profits declined at one of China's largest diversified furniture manufacturers last year as rising costs chewed away some of the benefits of double-digit revenue growth.
- Details
- SUPPLY & WHOLESALE
Norfolk Leisure Lifestyle, a supplier of garden furniture and other outdoor goods that has more than doubled sales through the pandemic, built inventory to new record high levels ahead of the 2022/23 season.
- Details
- BEDS & MATTRESSES
The National Bed Federation (NBF) is launching a month-long campaign called May Be Time for a new Mattress through May with the aim of supporting retail marketing efforts through what is often a slower trading period.
- Details
- RETAIL & DISTRIBUTION
Sharps continued to generate high adjusted profits according to new figures that concurrently disclose the terms of the furniture chain's sale to a new private equity backer for the first time.
- Details
- FURNISHINGS & ACCENTS
Fabrics and wallcoverings supplier Sanderson Design Group shrugged off the impact of flat sales and rising input costs to find profit growth in the year to January 31, 2023.
- Details
- BEDS & MATTRESSES
Bed spring maker Leggett & Platt Springs U.K is reorganising its commercial department in preparation for the planned retirement of longtime executive David Nuttall.
- Details
- DEALS & FINANCE
An interior design portal acquired by the co-founder of online estate agent Purplebricks last year has raised new equity funding from shareholders.
- Details
- TRADE & INDUSTRY
Furniture and home furnishings industry news headlines in brief.
- Details
- UPHOLSTERY
The Chinese furniture group that acquired Stressless brand owner Ekornes in a highly-leveraged buyout back in 2018 has introduced a new private equity minority shareholder as part of a refinancing of the Norwegian company.
- Details
- FLOORCOVERINGS
Flooring group Victoria says the laying off of hundreds of workers at Balta plants in Belgium and the shift of production to factories here and in Turkey will deliver synergy gains of no less than €15 million per year.
- Details
- REGIONAL
Department store and bed shop retailer W.J. Daniel & Company has one final tranche of cash to pay before completing a multi-million pound share buyback agreed two years ago.
- Details
- SUPPLY & WHOLESALE
Profits declined sharply at Elstead Lighting last year as narrower gross margin and rising administrative costs countered the positive impact of sales growth, particularly in export markets.
- Details
- RETAIL & DISTRIBUTION
Sterling-denominated U.K. revenue climbed double-digit for high-end French furniture brand Roche Bobois during the first three months of 2023 in a sign that wealthy customers are still spending.
- Details
- COMMUNITY
Big Shots, the clay pigeon shoot that is historically the biggest fundraiser in the furniture industry's charity calendar, will this year take place Wednesday, June 7, 2023.
- Details
- DEALS & FINANCE
The group behind prestige Italian furniture brands including Gervasoni, Gamma Arredamenti and Meridiani is planning to raise acquisition capital with an initial public offering (IPO) on Milan's Euronext exchange.
- Details
- RETAIL & DISTRIBUTION
Profits remained at more than twice pre-pandemic levels for The White Company last year as the retailer saw its customer base pivot back to the store channel and category sales rebalance after a bumper period for home.
- Details
- BEDS & MATTRESSES
A long-awaited Register of Approved Mattress Recyclers is now live in a major development in the industry-led effort to divert old mattresses from entering the waste disposal stream.
- Details
- UPHOLSTERY
Buoyant Upholstery, one of the U.K.'s largest sofa manufacturers, has invested over £215,000 on the installation of 700 solar panels on the roof of part of its Lancashire facility.
- Details
- BEDS & MATTRESSES
Bed maker Sleepeezee says investment at its Kent factory along with supporting overseas carbon offsetting projects have helped it achieve key sustainability targets and maintain its carbon neutral status.
- Details
- RETAIL & DISTRIBUTION
Consumer sentiment towards the purchase of higher value goods such as furniture has recovered to its strongest level in over a year this month, according to a survey by polling company GfK.
- Details
- TRADE & INDUSTRY
Seven companies from the across the U.K. furnishings sector claimed King's Awards for Enterprise, including two for the Harrison Spinks beds, components and fillings group in Leeds.
- Details
- BEDS & MATTRESSES
Privately-owned West Yorkshire mattress maker Apollo Beds maintained elevated profits last year after earlier doubling net income during the pandemic.
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