- Details
- RETAIL & DISTRIBUTION
Designer furniture, lighting and lifestyle retailer The Conran Shop has closed one of its iconic London stores and separately raised further equity funding from its owner.
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- FURNISHINGS & ACCENTS
Restructuring advisors have detailed the terms of an asset-only deal for the £52.5 million turnover business that sold Sleepdown branded bedding in the U.K. on retail marketplaces such as Amazon.
- Details
- RETAIL & DISTRIBUTION
An end to pandemic restrictions in Northern Ireland helped the retailer that operates Dreams and Sofatime branded stores there find big revenue growth last year, with adjusted profits also rising.
- Details
- RETAIL & DISTRIBUTION
The majority of the shares in XDP, one of the go-to providers for U.K. retailers selling flatpack furniture kits and other small parcel deliveries, have passed to the next generation.
- Details
- RETAIL & DISTRIBUTION
JYSK has fired up a new partnership with online logistics marketplace AnyVan designed to boost its customers' ability to get big-ticket items delivered to their homes in as little as 24 hours.
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- RETAIL & DISTRIBUTION
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.
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- SUPPLY & WHOLESALE
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.
- Details
- BEDS & MATTRESSES
An already-closed Edinburgh mattress retail company has been temporarily prevented from being struck off from the company register following an objection.
- Details
- RETAIL & DISTRIBUTION
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.
- Details
- EVENTS
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.
- Details
- SUPPLY & WHOLESALE
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.
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- BEDS & MATTRESSES
Yorkshire mattress springs and bed components manufacturer Spinks has secured an internationally-renowned accreditation for its pocket spring products.
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- RETAIL & DISTRIBUTION
Inexpensive Danish furniture retailer JYSK will open five stores in two days this month including a buildout of its U.K. footprint.
- Details
- RETAIL & DISTRIBUTION
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.
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- UPHOLSTERY
Upholstery brand Sofa.com maintained high double-digit margin last year despite rising costs weighing against the impact of big sales growth.
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- SUPPLY & WHOLESALE
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.
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- RETAIL & DISTRIBUTION
National furniture retailer Barker & Stonehouse has shared images of its soon-to-be-finished Gateshead store ahead of its scheduled opening this spring.
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- RETAIL & DISTRIBUTION
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.
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- UPHOLSTERY
The upholstered furniture manufacturer behind brands including Sofas by Saxon and Timeless Chesterfields enjoyed the strongest financial year in its history through 2021/22.
- Details
- RETAIL & DISTRIBUTION
The Very Group has launched hundreds of new home SKUs at entry-level prices as part of a wider expansion of its Everyday own brand collection originally introduced in the summer of last year.
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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
Building work is underway for a new purpose-built 1.17 million sqft distribution centre for The Range, the national home, garden and leisure retailer.
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- COMMUNITY
Dewsbury MP Mark Eastwood, who also chairs the All Party Parliamentary Furniture Industry Group, is to be the special guest speaker at the seventh annual Yorkshire Curry Night, organised by the Yorkshire Region of The Furniture Makers’ Company.
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- UPHOLSTERY
ScS, the U.K's second largest upholstered furniture retailer, said it has reversed negative order momentum to make gains since the start of winter, though cash reserves have declined through the period.
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- UPHOLSTERY
Fabrics supplier Blendworth International more than doubled its turnover through Covid after pivoting to making personal protective equipment (PPE) for the NHS. But the abrupt termination of a five-year contract started a spiral towards insolvency.
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- SUPPLY & WHOLESALE
Profits left in the company advanced again for Northern Ireland based dining furniture wholesaler World Furniture (NI) last year as the supplier continued to build value.
- Details
- FLOORCOVERINGS
Flooring conglomerate Karndean has acquired Dutch Luxury vinyl tile (LVT) contemporary mFLOR International in a deal that bolsters its presence in mainland Europe.
- Details
- EVENTS
Organisers have launched the pre-registration process for this year's London Fabric Show, which takes place at the ILEC Conference Centre, Earls Court on February 28 and March 1.
- Details
- RETAIL & DISTRIBUTION
The number of mid-large sized furniture retailers operating in the U.K. dwindled last year as businesses either closed or reported lower turnover amid tougher trading conditions.
- Details
- ECOMMERCE
Shareholders have given fresh backing to an online furniture search website that is fast becoming a key resource for shoppers who are in the product discovery phase.
- Details
- CASE GOODS
The closure of a 13-store kitchens vertical late last year has left its South Yorkshire owner with little prospect of recovering a seven-figure debt that was a hangover from its takeover nearly seven years ago.
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- SUPPLY & WHOLESALE
Decorative lighting supplier Searchlight Electric built stock levels and maintained healthy cash reserves on new borrowing last year against a difficult trading backdrop.
- Details
- SUPPLY & WHOLESALE
Weaker-than-expected sales and higher costs impacted pro-rata trading profits at the trade and direct home shopping bedding, home textiles and soft furnishings supplier Rapport Home last year.
- Details
- UPHOLSTERY
Sofa-in-a-box brand Swyft has eliminated millions of pounds of borrowing as part of a debt-for-equity swap and broader investment that will lead to TV exposure for the fast-growing upholstered furniture company.
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- UPHOLSTERY
Industry-wide supply chain issues resulted in operational challenges and a downturn in margin as profits tumbled for upholstered furniture supplier La-Z-Boy U.K. last year.
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- RETAIL & DISTRIBUTION
Kave Home, which launched into the U.K. market in 2021, has appointed a new generation to lead the company at the start of a year when the furniture and home décor brand hopes to add 60 new stores and galleries.
- Details
- FLOORCOVERINGS
Staffordshire floorcoverings group Brookvale grew profits last year as revenue climbed by nearly a third across its regional distribution network.
- Details
- UPHOLSTERY
Upholstery retailer Sofas & Stuff is expanding its collaboration with the Victoria and Albert Museum (V&A) with the launch of a second collection, called Drawn from Nature.
- Details
- TRADE & INDUSTRY
Trade association British Furniture Manufacturers (BFM) named High Seat (HSL) and Jay-Be as winners of the inaugural Furniture of Furniture Awards at an evening reception at the January Furniture Show last week.
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- UPHOLSTERY
Direct-to-consumer and wholesale upholstery brand Sofacompany booked high profits despite margins taking a knock from the after-effects of Covid last year.
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- ECOMMERCE
Ecommerce furniture retailer Swoon Editions is free of secured debt after it discharged in full its obligations to an invoice finance provider that provided funding after a restructuring over three years ago.
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- RETAIL & DISTRIBUTION
The wholly-owned U.K. store network of high-end French furniture company Roche Bobois delivered faster revenue growth than any other of its major global markets last year.
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- SUPPLY & WHOLESALE
The principal U.K. arm of global office furniture manufacturing giant Herman Miller booked smaller profits here last year as higher staffing and material costs outweighed the impact of rising sales.
- Details
- FLOORCOVERINGS
The three largest regional distributors of a Staffordshire based floorcoverings and flooring supplies wholesale group operating across England, Scotland and Wales all delivered big growth last year.
- Details
- RETAIL & DISTRIBUTION
National beds and mattress retailer Bensons for Beds said it achieved high single-digit underlying sales growth in the final quarter of last year with post Boxing Day sales maintaining pre-Christmas momentum.
- Details
- RETAIL & DISTRIBUTION
A South Wales based direct-to-consumer brand selling riser recline chairs, adjustable beds and other mobility aids online and from a regional store network has called in restructuring advisors and ceased trading.
- Details
- CASE GOODS
South Yorkshire ready-to-assemble cabinet manufacturer Addspace Furniture has been placed into administration less than a year after divesting a stake in the company to an expanding furniture group.
- Details
- BEDS & MATTRESSES
Most bed makers who responded to the National Bed Federation's (NBF) latest State of Trade poll said a lack of orders is the biggest factor likely to limit output in the first half of 2023 with many supply chain challenges having now abated.
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- RETAIL & DISTRIBUTION
Upholstery market leader DFS has appointed Gill Barr, a former senior John Lewis, Kingfisher and Cooperative Group official, as a non-executive director.
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- RETAIL & DISTRIBUTION
Dreams has appointed former DFS executive Emma Long as chief customer officer with the beds market leader also hiring its first ever head of people.
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- RETAIL & DISTRIBUTION
Furniture retailer The Cotswold Company has appointed a new chairman and chief marketing officer with the company also soon to expand its store footprint.
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- REGIONAL
A prominent South East furniture brand, which under a different structure a decade ago habitually generated sales north of £10 million a year, has deleveraged through 2021/22.
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- RETAIL & DISTRIBUTION
22nd store across the U.K. for national sofabed retailer.
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- SUPPLY & WHOLESALE
Contemporary housewares supplier Joseph Joseph Group booked record sales last year as its international business gained further traction.
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- UPHOLSTERY
The upholstery group behind the Ashley Manor and Alexander & James brands has begun a consultation with employees at its East Midlands factories as it explores a strategic proposal to transfer production to Dudley.
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- RETAIL & DISTRIBUTION
More hard data showing how the furniture industry was lifted by a strong post-lockdown tailwind has arrived in the shape of orders processed through the central paying agent of the U.K.'s largest buying group in the sector.
- Details
- BEDS & MATTRESSES
Martin Gill, the new managing director of Vispring, will continue to run the high-end bed maker's co-owned sister retail business, whose sales director is to have elevated responsibilities to provide support.
- Details
- RETAIL & DISTRIBUTION
Britain's biggest floorcoverings retailer has been told to amend its marketing claims by the advertising watchdog after a complaint by its largest rival in the sector.
- Details
- SUPPLY & WHOLESALE
Factory gate furniture price inflation climbed at the end of last year though raw material and input cost data augurs more promisingly, with that rate falling to its shallowest level since the spring of 2021.
- Details
- RETAIL & DISTRIBUTION
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.
- Details
- UPHOLSTERY
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 producers.
- Details
- ECOMMERCE
The restructuring of a formerly-profitable online furniture, home and garden boutique based in Cheshire leaves creditors facing a potential shortfall.
- Details
- SUPPLY & WHOLESALE
Revenue climbed by more than a third at British homewares and lifestyle brand Sophie Allport ahead of it appointing a new CEO to elevate the business to another level.
- Details
- ECOMMERCE
A working capital borrowing facility secured against key assets of furniture, home and garden retailer Cox & Cox has been settled.
- Details
- EVENTS
Westbridge, GNG Group, Citibed, Wiemann and Sci-Net have been named winners of The Furniture Awards 2023 by an independent judging panel at the January Furniture Show.
- Details
- SUPPLY & WHOLESALE
The reopening of the hospitality industry boosted textiles manufacturer and distributor Richard Haworth, one of the largest U.K. suppliers of filled bedding and soft furnishings to the sector.
- Details
- UPHOLSTERY
Upholstered furniture company Kingcome Sofas has completed works at its Devon factory designed to boost capacity and make the business more productive.
- Details
- ECOMMERCE
Ecommerce home platform Wayfair is laying off 1,750 employees in a move that cuts total headcount worldwide by about 10 percent. It said the move will accelerate its path to profitability.
- Details
- LEGAL & RESTRUCTURING
Turnaround firm Antony Batty & Company lined up as a potential restructuring advisor at small cabinet producer.
- Details
- EVENTS
Clarion Events says its January Furniture Show has attracted record Day 1 visitors as the trade exhibition opened its doors for the first day of its 2023 edition on Sunday.
- Details
- REGIONAL
Cobham furniture retailer No44 Furniture & Fine Things has closed following a planned shutdown. Its owners intend to concentrate on other business interests closer to where they live.
- Details
- BEDS & MATTRESSES
Jim Gerety is to retire as managing director at Vispring, the Devon bed manufacturer has announced. Operations director Chris Harrison is also retiring.
- Details
- LEGAL & RESTRUCTURING
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 administration.
- Details
- SUPPLY & WHOLESALE
High value lighting, furniture and accents supplier Porta Romana booked adjusted profits of £4.1 million in the year to April 30, 2022 on all-time high revenue.
- Details
- RETAIL & DISTRIBUTION
Anecdotal tales of improvement in late 2022 furniture sales were backed up with hard data on Friday as official figures put December numbers up sharply on an annual basis.
- Details
- RETAIL & DISTRIBUTION
Two months of improving consumer sentiment towards high-value purchasing intent came to an end this month according to a closely-followed consumer confidence survey.
- Details
- RETAIL & DISTRIBUTION
Online marketplace Wayfair last year launched a product recall for a Polish-made corner unit as it doesn't meet the U.K.'s strict fire and flammability regulations.
- Details
- RETAIL & DISTRIBUTION
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.
- Details
- UPHOLSTERY
Six-figure profits helped bolster the balance sheet at Delcor in the first period since a change of ownership at the high-end upholstery business.
- Details
- SUPPLY & WHOLESALE
A South West based logistics company whose services include two-man white glove delivery on behalf of big-ticket customers has filed a notice of intent to appoint an administrator (NOI).
- Details
- INTERNATIONAL
Underlying profits reached record levels at Danish furniture retail, supply and investment conglomerate Lars Larsen Group (LLG) last year fuelled by organic growth and acquisitions.
- Details
- RETAIL & DISTRIBUTION
French high-end furniture maker, retailer and franchisor Roche Bobois is to consolidate its store network in its domestic market with the acquisition of 13 stores run by two separate third-party operators.
- Details
- RETAIL & DISTRIBUTION
Double-digit revenue growth in the three months to December 31 helped furniture and homeware retailer Dunelm counter falling sales in the three months prior.
- Details
- EVENTS
IMM Cologne will return to its historic January dateline next year but plans for a late spring edition this year will still go ahead, organisers have reaffirmed.
- Details
- RETAIL & DISTRIBUTION
A prominent online furniture brand with a co-owned wholesale arm supplying other retailers has launched a product recall for upholstered sofas and armchairs that do not meet the U.K. flammability regulations.
- Details
- RETAIL & DISTRIBUTION
Consumer price inflation for household furniture eased for the fourth consecutive month in December but remained at a high level compared with historic norms.
- Details
- SUPPLY & WHOLESALE
Import volumes of wood living, dining and bedroom cabinet furniture have now trended lower in every month since March last year, according to new figures.
- Details
- RETAIL & DISTRIBUTION
Starplan Furniture booked record sales and profits through 2021/22 as demand surged for the fitted and freestanding cabinet maker and retailer.
- Details
- RETAIL & DISTRIBUTION
DFS Group has expanded its supply chain partnership with Wincanton, agreeing a new three-year deal that builds on an existing collaboration for the Dwell furniture brand to additionally include other non-sofa products.
- Details
- RETAIL & DISTRIBUTION
Employees and customer orders have transferred as part of a restructure that provides continuity of trade at the multi-million pound turnover retailer behind the Oak Furniture House brand.
- Details
- UPHOLSTERY
Upholstered furniture import volumes declined again on the back of continued weak data from China, the largest source of overseas-made sofas sold in the U.K.
- Details
- SUPPLY & WHOLESALE
Indian Ocean founder Jamie Hobbs is stepping down as managing director to focus on design and strategy. The high-end outdoor furniture company has appointed commercial director David Mahony to be his successor.
- Details
- RETAIL & DISTRIBUTION
Marks and Spencer (M&S) is to open eight new full line stores through 2023/24 including five former Debenhams shops that will all open this year.
- Details
- FLOORCOVERINGS
Calverts Carpets booked record profits for the second straight year after the regional floorcoverings retailer achieved its highest sales in over a decade.
- Details
- REGIONAL
Privately-owned regional floorcoverings retailer Floorstore expanded its West Yorkshire store footprint late last year after agreeing a new debt funding package.
- Details
- UPHOLSTERY
Upholstery vertical Sofa.com has agreed a new third-party retail tie-up as it looks maintain and build its retail footprint amid the evolution of its concession network in sister chain House of Fraser.
- Details
- BEDS & MATTRESSES
The value of mattress imports jumped by nearly a third in November as volume growth also returned for the first time since the summer of last year.
- Details
- UPHOLSTERY
Direct-to-consumer sofa business Maker&Son has made roles redundant as part of plans to restructure and stabilise the embattled upholstery retailer.
- Details
- FLOORCOVERINGS
Former DFS chief marketing and commercial officer Toni Wood has taken another C-suite role in the U.K. furnishings sector after joining Headlam Group as chief customer officer.
- Details
- FLOORCOVERINGS
U.K. importers bought 13.1 million square metres (sqm) of carpet into the country in November as volumes declined for the fourth month in a row.
- Details
- UPHOLSTERY
A handful of upstream raw material and semi-finished product suppliers face a shortfall on their debts following the insolvency of a small but long established sofa maker in the West Midlands.
- Details
- UPHOLSTERY
A mid single-digit decline in order intake at DFS in the second half of the 2022 calendar year masks a big improvement in the past three months, according to the U.K. sofa market leader.
- Details
- RETAIL & DISTRIBUTION
The U.K.'s largest BoConcept franchisee will further grow its retail footprint in the London area with its latest store launch this weekend.
- Details
- SUPPLY & WHOLESALE
U.K. furniture manufacturing turnover rose at below-inflation levels for a third straight month in November according to data out Friday morning.
- Details
- SUPPLY & WHOLESALE
Likewise Group will add further infrastructure in the first half of this year with new distribution facilities in the South East of England and Scotland.
- Details
- ECOMMERCE
Ecommerce retailer Very Group said a double-digit rise in furniture sales was a key driver in overall growth at its flagship Very brand over the Black Friday and Christmas period.
- Details
- SUPPLY & WHOLESALE
The md of Ercol Furniture [ercol] says the Buckinghamshire manufacturer remains focused on further building U.K. production after it returned to profit in 2021 and maintained that level last year.
- Details
- RETAIL & DISTRIBUTION
Clothing and home sales trended up in high single digits on the back of strong in store demand through the golden quarter for Marks and Spencer (M&S), the general merchandise and food retailer.
- Details
- INTERNATIONAL
A wholly-owned U.K. arm of French furniture brand Ligne Roset built on a first profit in five years with a second straight gain in the year to September 30, 2022.
- Details
- ECOMMERCE
The group behind the JD Williams brand saw sales fall at a faster rate in the run up to Christmas and warned of further soft market conditions to come in the first half of 2023.
- Details
- RETAIL & DISTRIBUTION
General merchandise retailer Argos delivered a third sequential quarterly improvement as household goods categories delivered in the lead up to Christmas.
- Details
- UPHOLSTERY
Former Tetrad owner and md Janus Cooper will join longtime colleagues Nick Murphy and Annabel Simmons as they introduce the Encore Sofa Company to a widespread trade audience for the first time this month.
- Details
- UPHOLSTERY
Aberdare sofa maker Ashwood Designs has praised its customers after a period in which it saw record demand combine with unprecedented upstream supply chain disruption.
- Details
- SUPPLY & WHOLESALE
Birlea Furniture says the first Disney furniture and home ranges since it agreed an exclusive U.K. and Ireland distribution deal are due to be in stock early February.
- Details
- TRADE & INDUSTRY
Most furniture makers plan to make pay awards to staff this year according to the annual wages survey carried out by British Furniture Manufacturers (BFM), the trade association.
- Details
- BEDS & MATTRESSES
The National Bed Federation (NBF) has launched this year's free multi-media marketing toolkit for bed retailers to download ahead of National Bed Month in March.
- Details
- UPHOLSTERY
National retailer ScS is the new owner of modular sofa business Snug after it acquired the brand, domain names, website, intellectual property and stock from the administrators of the predecessor operating company.
- Details
- TRADE & INDUSTRY
The number of furniture, flooring and furnishings companies filing for insolvency climbed to the highest level since records began in 2022 as demand tailwinds receded and Covid-support measures fell away.
- Details
- ECOMMERCE
Equity investment helped bolster the balance sheet of the ecommerce group behind furniture and home interiors brands such as Houseology, Olivia's and Teddybeau Furniture.
- Details
- RETAIL & DISTRIBUTION
Employee-and-investor-owned retail chain Tapi Carpets & Floors has welcomed in the new year with a flurry of new store openings.
- Details
- REGIONAL
Heritage family-owned furniture retailer Paul Adams Furnishers is to close down following the decision of its owners to retire.
- Details
- SUPPLY & WHOLESALE
Furniture wholesaler Julian Bowen has appointed Jason Hillier to cover sales in London and the South East of England.
- Details
- BEDS & MATTRESSES
Airsprung says it is in the process of financially leveraging surplus land and buildings owned by the diversified beds and upholstery group at its Wiltshire headquarters.
- Details
- DEALS & FINANCE
Flooring group Headlam has acquired one of the largest independent players in the U.K. rugs market in a deal that bolsters its offer to the ecommerce sector.
- Details
- RETAIL & DISTRIBUTION
A new distribution centre and expanded retail footprint helped furniture and furnishings retail chain NCF Living to a record year through 2021/22.
- Details
- RETAIL & DISTRIBUTION
Freight and other distribution costs rose sharply to counter the positive impact of revenue growth at the U.K. arm of value furniture chain JYSK last year.
- Details
- UPHOLSTERY
The operating company of modular sofa brand Snug has filed a notice of intent to appoint an administrator as potential bidders such as ScS look to complete a deal for either the company or its assets.
- Details
- UPHOLSTERY
Upholstered furniture retailer ScS is among the suitors targeting the acquisition of Snug, the sofa-in-a-box brand that built sales north of £30 million during the height of the pandemic.
- Details
- RETAIL & DISTRIBUTION
Revenue jumped and average order values increased for OKA in 2021/22, helping the high-end furniture and interiors retail group build adjusted EBITDA, and cut its net loss.
- Details
- TRADE & INDUSTRY
Retailers will be able to join British Furniture Manufacturers (BFM) for the first time with the trade association planning the introduction of a new membership category this month.
- Details
- EVENTS
Organisers of the January Furniture Show have released the 2023 event Preview Guide ahead of the exhibition opening its doors in just over two weeks time.
- Details
- RETAIL & DISTRIBUTION
Restructuring advisors sanctioned hundreds of thousands of pounds in critical ransom payments in order to keep The Garden Trading Company trading ahead of its sale to private equity last month.
- Details
- BEDS & MATTRESSES
Ecommerce-led beds retailer MattressNextDay recorded seven-figure profits for the second straight year in the lead up to a major investment in distribution and fulfilment, new figures reveal.
- Details
- RETAIL & DISTRIBUTION
General merchandise giant Next generated sales of more than £15 million every day in the last nine weeks of the year as demand at the fashion-to-furnishings chain outperformed its own expectations.
- Details
- REGIONAL
Independent furniture and floorcoverings retailer John Doe of Diss has gone on television for the first time, launching a debut broadcast advertising campaign.
- Details
- RETAIL & DISTRIBUTION
Jim Orr has been appointed to the newly-created group chief executive role at Minerva, the furniture buying group and exhibition organiser.
- Details
- UPHOLSTERY
Ekornes, the China-owned upholstered furniture maker and owner of the Stressless brand, is to shed about a quarter of its global workforce and consolidate its Far East manufacturing operations in response to the weaker market.
- Details
- BEDS & MATTRESSES
The principal U.K. subsidiary of global mattress innerspring maker Leggett & Platt (L&P) benefitted from higher sales and lower costs as it landed bumper profits, new accounts show.
- Details
- UPHOLSTERY
Nichola Hornby Bell has joined West Midlands sofa maker Alpha Designs as sales director, succeeding Barry Webb, who will retire following a handover period.
- Details
- FLOORCOVERINGS
Mears Flooring, one of the best-run privately-owned companies in the floorcoverings sector, maintained its double-digit net margin amid profitable growth last year.
- Details
- RETAIL & DISTRIBUTION
British furniture and home interiors brand OKA has opened its third store in the U.S. and its first on the East Coast.
- Details
- FURNISHINGS & ACCENTS
A digital challenger bank and the taxman have been left nursing significant debts following the insolvency of a rugs wholesaler based in the South East of England.
- Details
- UPHOLSTERY
A secured lender to embattled upholstery business Maker&Son has filed a second notice of intent to appoint an administrator (NOI) as it seeks to protect its position.
- Details
- RETAIL & DISTRIBUTION
The online marketplace platform bought by fallen furniture retailer Made.com in the spring of last year has fresh backing following a carve out process.
- Details
- BEDS & MATTRESSES
The disposal and closure of one of its Kent stores helped bed retail chain Hamseys Sleep Centres cut bank borrowing and boost working capital last year.
- Details
- SUPPLY & WHOLESALE
Living, dining and bedroom wholesaler Balmoral Furniture booked higher profits last year as revenue increased and margin widened as a result of fewer restrictions.
- Details
- FURNISHINGS & ACCENTS
Consumer creditors were owed more than £100,000 following the insolvency of a once-prominent Surrey soft furnishings retail and design business.
- Details
- BEDS & MATTRESSES
Adjusted profits inched forward at West Yorkshire mattress manufacturer Highgrove Beds last year as single-digit sales growth and wider gross margin countered rising overheads.
- Details
- FLOORCOVERINGS
A leading rug and mat manufacturer and distributor that has historically sold through retailers such as John Lewis and Dunelm invested and maintained high profits last year on underlying growth.
- Details
- FLOORCOVERINGS
The combined book value of rug wholesaler Asiatic Carpets and its co-owned property companies climbed by almost £10 million last year as profits increased and real estate was revalued upwards.
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