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Tempur Sealy International, the world's largest bedding producer, said the past quarter was its best ever as it delivered double-digit top and bottom line growth.
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The CEO of Tempur Sealy International told analysts on its Q3 earnings call that rival Casper Sleep, said to be exploring an IPO, is less relevant to the company than other competitors.
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The top and bottom lines diverged for the owner of motion bed and chair specialist Adjustamatic in the year to December 31, 2018.
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Tempur Sealy International, the world's largest bedding manufacturer, has refinanced $850 million (£661m) of revolving and term debt in a move it says lowers its borrowing costs.
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Discount and entry-level mattress vendors made the most of consumers trading down in the six months to September according to new research carried out on behalf of the National Bed Federation (NBF).
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Five-store mattress retailer restructured via a prepack after losses at two of its stores prompted need to withdraw from leases, says administrator.
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Wayne Nortjé has joined privately-owned bed manufacturer Breasley as operations director, with responsibility for both its East Midlands sites.
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Beter Beheer, a subsidiary of Dutch bed retail group Beter Bed Holding, has agreed a sale-and-leaseback of its 783,000sqft distribution centre and headquarters at Uden, Holland.
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Resurgent bed maker and retailer Warren Evans has begun manufacturing a range of wooden bed frames, expanding on the new mattress line introduced when the brand relaunched earlier this year.
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Casper updates on U.K. financial performance amid speculation of stock market float in the U.S. to support planned physical store expansion.
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Monomarket, the privately-owned company behind one of the largest regional mattress and beds chains in the U.K. and a significant ecommerce website, has been placed into liquidation.
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Privately-owned southeast England retailer Sussex Beds is expanding to the north and east of its existing store base with its latest new showroom, slated to open next month.
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Swedish beds conglomerate Hilding Anders has appointed Henrik Sjögren as its new chief executive, succeeding incumbent CEO and chairman Pepyn Dinandt.
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Mattress and upholstery group Airsprung says its performance has picked up since April, putting it on track to reverse widening losses incurred in 2018–19.
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Silentnight, the U.K.'s largest bed manufacturer, has launched its autumn marketing campaign and the first since appointing a new lead agency.
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Latexco says the acquisition of a 7.5 hectare site near its existing plants in Belgium can aid its transition from a traditional latex supplier into a 'one stop shop of comfort.'
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Profits doubled for the U.K. arm of global foam manufacturer and converter Carpenter in 2018, lifted by a "slight softening in some raw material costs" and higher sales.
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Accumulated losses at Simba Sleep reached nearly £75 million by the end of 2018, just-filed accounts from the mattress-in-a-box and sleep accessories company reveal.
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Mattress imports into the U.K. declined in August on weaker figures from Poland, Ireland and Italy, new figures show.
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Creditors due to get £2 million over five-year CVA term, but could receive more dependent on profits.
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The Chinese manufacturer behind the Mlily mattress brand has agreed to buy a California headquartered furniture chain with 36 stores across the U.S.
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Adam Henson is arguably the country's best-known farmer.
Leeds bed maker Harrison Spinks has launched a bed range in partnership with TV presenter and farmer Adam Henson, championing rare-breed Cotswold wool.
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Sebastian Mertes, Emma's new CFO. Photograph: www.tw-klein.com.
The German company behind the Emma mattress brand has appointed a former investment professional at British private equity company Permira as its new chief financial officer.
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Broadcasters and national newspapers carried coverage of Sleeptember, the annual Sleep Council campaign to raise the profile of sleep among consumers to the benefit of the bed industry.
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Britain's bed makers sold as many products in the second quarter of 2019 as they had the previous year but the value of those sales declined, according to the National Bed Federation (NBF).
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Warren Evans has opened its first showroom since the brand was resurrected as an ecommerce business by its eponymous founder earlier this year.
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Mattress maker Duflex, supplier to retailers such as IKEA, Eve, Asda and Argos, posted lower sales for the first time on public record last year. Group bed sales still advanced after parent Belfield opened a second factory.
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The company claimed the Bed of the Year award at the Bed Show 2019 for its new J. Marshall by Vispring range, which pitches the brand to a younger clientele.
Manufacturing efficiencies and exports helped offset weaker domestic U.K. sales last year at Vispring, the luxury Devon bed manufacturer.
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Direct-to-consumer mattress and ancillary products brand Eve Sleep narrowed losses in the first half of 2019 after cutting the amount of money it spent on marketing. Sales declined.
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High-end bed maker Hypnos has bolstered its ethical credentials by partnering Red Tractor Food and Farming Standards, an industry-first for the mattress sector.
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15 years ago, Highgrove sales were under £1m. Today it is one of the U.K.'s largest bed manufacturers.
West Yorkshire bed maker Highgrove posted a 15th straight top line rise in 2018 despite tough trading conditions. Underlying profits also climbed with statutory earnings down because of one-off expenses.
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Direct-to-consumer mattress brand Eve Sleep says merger talks with Simba Sleep have ended with now "not the right time" to pursue a potential deal.
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Casper invested millions more in the U.K. and mainland European markets last year.
Last year saw another hefty investment in the British and European markets by direct-to-consumer mattress brand Casper, new figures indicate.
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Profits climbed four-fold for the company behind the Vitafoam brand last year as it grew sales and annualised against high one-off expenses.
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Dormeo sells direct to the consumer and through third-party retailers.
Sales jumped 58 percent for the U.K. arm of European mattress brand Dormeo in 2018 as the company shrugged off wider concerns over the economy.
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Dreams retained its Bed Retailer of the Year crown at the Bed Industry Awards last night with Internet retailer MattressOnline and independent Linthorpe Beds also claiming wins in the other retail categories.
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Vispring's pitch to a younger customer base was rewarded with it winning the Bed of the Year category of the NBF's Bed Industry Awards last night. Harrison Spinks and Vitafoam also won supplier awards.
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The National Bed Federation (NBF) has suspended the membership of Dura Beds after the West Yorkshire manufacturer failed its Code of Practice audit. The company is appealing the decision.
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Containers of China-made mattresses led the way as bed imports into the U.K. returned to growth in July, according to new Government figures.
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Left–right: Managing director Simon Spinks and chairman Peter Spinks of Harrison Spinks with Lord Lieutenant of West Yorkshire, Ed Anderson.
Leeds bed maker Harrison Spinks hosted the Queen’s representative in West Yorkshire to its headquarters to receive the Queen’s Award for Enterprise: Sustainable Development.
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The Sleep Council — which raises awareness of the importance of sleep on behalf of the U.K. bed industry — has joined forces with Penguin Random House to develop a range of 10 ‘Sleep Tales’ that have been designed to help people relax before they go to bed.
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The National Bed Federation has named the finalists for its 2019 Bed Industry Awards across the retail and manufacturing categories with the winners to be named later this month.
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New product lines proved a winner for Tempur.
Memory foam pioneer Tempur outgunned the wider mattress market in the U.K. in 2018 after new products launched in the previous year gained traction with customers.
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Two major European foam companies are in dispute after one accused the other of overstepping the mark in the region where the pair have operated a joint venture since the 1990s.
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Hush-a-Bye is becoming hushabye (new logo, inset). Its new edj mattress is pictured.
Bed business Hush-a-Bye is rebranding as hushabye with a refreshed identity that better reflects the brand's "tone of voice" according to Nick Gigg, md at the Airsprung Group owned manufacturer.
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Mattress brand Emma is selling its products through John Lewis & Partners after agreeing a tie-up with the department store chain across selected shops and online.
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Sales continued to build for Mlily.
Output continued to ramp up for the company behind the Mlily mattress and pillow brand in the first half of 2019 despite growth slowing in the second three months of that period.
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Dura Beds' West Yorkshire factory.
Batley mattress maker Dura Beds returned to growth in 2017–18 and says investment at its West Yorkshire plant will result in a further build out in sales.
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Customers of prestige British bed maker Savoir can buy certain products online from the company for the first time after it added transactional functionality to its website.
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Lancashire manufacturer Burgess Beds appointed from within the bed trade when hiring its new managing director earlier this summer.
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Britain's biggest bed maker Silentnight will today open a fourth retail brand showroom with a new unit at one of the biggest shopping destinations in the South West of England.
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Keen & Able, the two-man home delivery company that specialises in beds, will this autumn add a fourth U.K. depot and a first in Scotland.
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Department store retailer John Lewis & Partners has agreed to sell Casper products in its stores and online in the first U.K. retail partnership secured by the American mattress company.
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The highest factory gate mattress inflation for nearly three years was the principal reason furniture producer price inflation ticked up in July, according to new Government figures.
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Weak end to the first half for mattress imports.
Mattress imports into the U.K. are barely above year-earlier levels at the half-year stage, threatening a first full year drop in the category for six years.
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Sleepeezee is in line to reverse a 2018 top line decline this year.
The CEO of Sleepeezee says sales are tracking well ahead of 2018 as it annualises the announcement of the heritage British bed maker's owner plan to invest heavily in the business.
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Eve Sleep says it is in "very early stage discussions" to acquire its rival Simba in a deal that would consolidate the direct-to-consumer mattress market.
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Sales fell for the second straight year at East of England beds manufacturer Mansion House Bedding Group in 2018–19 but it hopes to reverse that this year with a strengthened sales team.
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An estimated 1.75 million of over 8 million mattresses disposed of in 2018 escaped landfill.
The bed industry's efforts to reduce the amount of end-of-life mattresses ending up in landfill is paying off with recycling numbers having doubled in the past four years, new research suggests.
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Silentnight is headquartered at Barnoldswick.
Silentnight Group, Britain's largest beds manufacturer and a key bellwether for the sector, posted lower sales and profits in 2018–19. It remained cash generative and cleared the last of its shareholder debt.
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Millbrook Healthcare, the largest division in the family-owned group that includes Millbrook Beds, has been sold to a specialist private investment firm. The bed manufacturing unit is unaffected.
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The U.S. headquartered group behind the Nectar Sleep brand is launching a new high-end bed-in-a-box brand in the U.K. market which it says can upset the status quo in the premium bedding sector.
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Diversified mattress maker and foam product supplier Comfortex bucked market headwinds to grow sales and profits in 2018, new accounts show.
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Worldwide sales advanced for Tempur Sealy International in the second quarter after its fast-growing direct business outpaced declining wholesale revenues.
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Mike and Caroline Murray, directors at Land of Beds
Third generation Land of Beds, one of the country's largest privately-owned specialist retailers, won Silver in the retail section of the National Family Business Awards.
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Buyers are interested in the circa 800-store chain.
Pan-European retailer Beter Bed Holding says it has received "serious interest" from several parties for its Matratzen Concord chain with a full or partial exit likely before the year is out.
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Otty Sleep CEO Michal Szlas, one of three finalists from the beds, bedding sector.
The founders behind three emerging companies in the mattress and bedding sectors have been shortlisted for NatWest Great British Entrepreneur Awards.
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No foam or glue will be used in the production of all new mattresses going into development from now onwards, Leeds bed maker Harrison Spinks has pledged.
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Producer price inflation for mattresses widened to its highest level since the beginning of 2017 last month but, as the chart below shows, remains at a low level.
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First half sales advanced 305% year-on-year, Emma said.
Direct-to-consumer mattress brand Emma says a three-fold rise in first half sales has put the bed-in-a-box business on target to hit full year U.K. sales of £45 million in 2019.
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Eve said it narrowed half-year losses, but sales also fell.
Mattress brand Eve Sleep has agreed retail partnerships with three of the biggest names in the sector as it adds to existing tie-ups and replaces exposure lost following the end of trading relations with Dreams.
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New advertising campaign goes live for Eve Sleep.
Eve Sleep has launched a new television advertising campaign and is following a well-trodden promotional path in the home goods industry, with the use of a fictional sloth.
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Optimism among bed makers has fallen according to new data from the National Bed Federation.
Like-for-like bed sales fell 5 percent in the first quarter of 2019 according to the National Bed Federation's latest State of Trade report, though the volume fall was less severe.
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Imports of foam and sprung mattresses climbed in May, new figures show.
An upshift in the value of mattresses arriving from Denmark, home to Tempur's European manufacturing unit, helped power imports to their biggest growth since December last year.
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Profits climbed at West Midlands motion furniture manufacturer Furmanac in 2017–18 after margin improvement from taking its fleet inhouse and a tax credit countered the impact of lower sales.
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Baring its teeth: The NBF has been randomly purchasing and testing mattresses to expose and root out bad practice. This mattress didn't contain the advertised fillings.
16 of 49 mattresses, beds and headboards bought randomly and tested by the National Bed Federation (NBF) either failed flammability checks, or were borderline failures. Some didn't contain the fillings advertised.
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The Spinks Springs factory in Leeds.
The components arm of the Harrison Spinks mattress and bed technology group says its new spring system could redefine the beds sector in the same way bonnell springs and memory foam did years before.
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Lieven Vandendriessche has been appointed CEO of Latexco Group, the family of Luc and Carole Maes and the board of directors have announced.
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Follows transfer of stocks hitherto controlled by high-profile investment manager Neil Woodford.
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Heritage bedding and soft furnishings supplier Bedeck returned to profit in 2017–18 after it recorded lower operating charges and an increase in revenue.
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Mattress brand Casper Sleep has added a third mattress to its U.K. offer, a hybrid combining comfort foam with innersprings.
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The Three Sixty bed by Savoir has just gone into Harrods. The model pictured retails for £330,000.
Savoir, whose beds retail for an average of about £25,000 each, posted record sales and a high single-digit net margin in 2018 after it consolidated its presence in key international markets.
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R.A. Irwin & Company, which produces mattress ticking and window blind fabrics, recorded a bigger loss in 2017–18 but maintained sales and boosted cash.
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Dreams has been owned by Sun Capital since 2013.
Sun Capital, the private equity company that owns Dreams, collected an eight-figure dividend last year after the debt-free national bed specialist generated more cash than it had in the previous year.
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Board change for owner of Britain's biggest beds manufacturer.
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Matratzen Concord faces "liquidity constraints."
Dutch bedding group Beter Bed Holding says it will consider offers for the Matratzen Concord retail chain, its largest individual business unit operating hundreds of stores across several European markets.
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New role for former Silentnight and Harrison Spinks executive.
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The Sleepeezee team presenting a cheque to the British Heart Foundation.
Strood bed maker Sleepeezee says it has given £250,000 to good causes over the past three years, supporting a range of local and national charities as part of its ongoing corporate social responsibility (CSR) programme.
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Dreams was bought by Sun European in 2013.
Bed specialist Dreams says sales and profits advanced again despite a difficult U.K. retail backdrop last year, a fifth straight improvement since it was bought by private equity company Sun Capital Partners in 2013.
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Tempur Sealy products will go back into 2,500 Mattress Firm stores during the final quarter of 2019.
Tempur Sealy International, the world's biggest bedding producer, says it has agreed a new supply agreement with Mattress Firm, the Steinhoff-owned retail giant, in a move that reverses the high-profile split between the parties two years ago.
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Arrivals from China are one of the exceptions, rising compared with 2018.
Bed imports into the U.K. are tracking lower in 2019 after four reported months of the year with April seeing a biggest fall yet in the value of sprung and foam mattress arriving from overseas.
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Brook + Wilde's Elite mattress.
Vacuum packed mattress pioneer Breasley has agreed to be the exclusive supplier of sleep startup Brook + Wilde's Elite mattress range for bricks and mortar retailers, it announced in a press release.
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A British court has ruled that a Yorkshire bed maker that collapsed four years ago amid a human trafficking scandal be restored to the company register.
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Parisian bed maker unites with historic lighting business in private equity backed merger.
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Silentnight's group HQ and (inset) Steve Freeman.
Steve Freeman is stepping down from day-to-day executive duties and leaving his post as managing director of Silentnight Group, Britain's biggest beds manufacturer.
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The new managing director of the Silentnight Group joins from outside the beds industry but with years of high-level home sector experience at Farrow & Ball.
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Direct-to-consumer mattress and ancillary products business Eve Sleep will announce new retail partnerships this summer.
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Dreams' new Sleepmotion bed frame.
National bed specialist Dreams has introduced two remote and app-controlled adjustable bed frames across its 195-store U.K. network and online.
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The Bettzeit management team has expanded to include Gastón Tourn, Christian Portz, Philipp Wagner and Vanessa Vollrath; Photograph: Hannes Keller
Bettzeit, the German company behind growing direct-to-consumer mattress brand Emma, says it will continue its recruitment drive as it looks to build on the appointment of a number of C-suite executives.
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Mattress Firm, still the largest U.S. beds retailer despite downsizing following a Chapter 11 bankruptcy reorganisation, has appointed John Eck as its new chief executive.
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The entry-level Skye mattress retails* from £239.99 for a double.
National bed specialist Bensons for Beds has reimagined its own-brand compressed, rolled and folded mattress offer to include a simplified range, new-look and different merchandising.
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Jim Gerety, md at high end Devon bed maker Vispring, has been elected to the executive board of the National Bed Federation (NBF), the trade association whose members have a 70 percent U.K. market share.
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The march of Chinese mattress maker Mlily continued at the start of 2019 with its parent company posting high first quarter revenue and profits growth.
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Revenue jumped more than a fifth for the Yorkshire company behind guest bed maker Jay-Be in 2017–18, a year where margins widened and profits doubled.
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The NBF Code of Practice will go beyond product compliance
Britain's leading bed manufacturers have voted unanimously to further tighten the National Bed Federation's (NBF) membership criteria to raise standards and put more distance between themselves and rogue operators.
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Bedding conglomerate Tempur Sealy International bolstered its European manufacturing credentials with the acquisition of a circa €10 million manufacturer producing out of the Baltic region earlier this spring.
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Insolvency event is the latest in series of appointments for officials connected to the manufacturer and retailer.
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The Gala Dinner takes place at the Telford International Centre.
TV and radio star Gyles Brandreth is returning to host the National Bed Federation's Gala Dinner and Awards ceremony, this year featuring live musical entertainment for the first time.
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Imports of foam and sprung mattresses into the U.K. declined year-on-year in March, the first annual drop across the category since May last year.
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Recticel, one of the major foam suppliers to the U.K. upholstery and mattress markets, said comfort foam sales fell sharply in the first quarter on lower volumes and input price erosion.
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Sleepeezee yesterday unveiled its new website, social media and marketing assets and formally launched its association with brand ambassador Dr Ranj Singh.
British bed maker Sleepeezee says it could launch standalone television advertising later this year after TV spots aired last week for the first time in partnership with a retail customer.
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High-end bedding brand Tempur is trialling its first mattress-in-a-box offer in its domestic U.S. market.
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Visitors can now pre-register to attend the 2019 edition of The Bed Show, the tenth since the event was launched by the National Bed Federation a decade ago.
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Tempur Sealy International, the world's biggest bed company, is to extend the European distribution network of its Tempur brand after reaching a sales agreement with Beter Bed Holdings.
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West Yorkshire beds retailer Time4Sleep has invested £3.5 million on a Midlands warehouse that will enable it to deliver faster and hold greater quantities of stock.
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Andrew Jackson, Richard Elsey, Tom, Liz and Alan Colleran — all from Duvalay — are pictured with presenter Josh Baterip of Vanilla Tech Solutions.
Duvalay was a winner at the 2019 Made in Yorkshire Awards earlier this spring and was shortlisted, along with another local bed maker, in another category.
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All stores in the national bed specialist's estate will feature the Sleepmatch system.
Retailer Dreams is to install technology that helps consumers select the most appropriate mattress for their own personal characteristics across its entire UK store network after a pilot launched last autumn.
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The group behind the Mlily brand has an increasing presence in Europe.
Revenue jumped by nearly a third for the company behind the Mlily mattress brand as the conglomerate invested in Europe including buying a minority stake in a bed company in the North of England.
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Expanding direct-to-consumer mattress and ancillary products business Simba Sleep has extended its already-completed financial year-end by three months.
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Management reshuffle at 1000-store pan-European bedding retail group.
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Dreams' Buckinghamshire HQ.
National bed specialist Dreams has appointed Tony Holdway as chief marketing officer, filling the role vacated when Lisa Bond left the business at the end of last year.
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Three generations of the Spinks family: Daniel Spinks (buyer), Simon Spinks (managing director) and Peter Spinks (chairman).
Bed maker Harrison Spinks has received a Queen's Award for Enterprise for Sustainable Development, the fifth time the 179-year-old company has been recognised by the awards programme.
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A one-time manager of the now defunct Dewsbury mattress maker Hick Lane Bedding has been disqualified as a director for six years following an investigation by The Insolvency Service.
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Suppliers, customers and the taxman face a combined seven-figure shortfall from the insolvency of southeast mattress and bedroom furniture retail chain Beaumont Beds.
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Appointment completes management team says CEO James Sturrock.
Eve Sleep, the mattress and ancillary products retailer, has hired the CFO of rival furniture company Loaf as the replacement for its outgoing finance chief Abid Ismail in a coup for the business.
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Imports of foam and sprung mattresses combined are on the rise.
Foam and sprung mattress imports rose double-digit again in February, meaning British buyers have now bought more in from outside the UK in every month since May last year.
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Mike Marshall (left) with Millbrook Beds sales director Mark Hughes.
South Coast bed maker Millbrook has named well-known sales agent Mike Marshall as manager for Scotland as it looks to expand its customer base across the UK.
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Mattress Firm closed 660 stores as part of a Chaper 11 restructuring.
Steve Stagner is stepping down for a second time as chief executive at Mattress Firm, America's largest beds retailer. He had returned last year to oversee the restructure necessitated as part of the fallout from accounting problems at parent company Steinhoff.
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Harrison Spinks has since launched TV advertising for the first time.
Sales and profits advanced for Harrison Spinks Beds ahead of it making its TV advertising debut this Christmas, but it was the Leeds group's components division that delivered the biggest uplift in performance last year.
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Beter Bed, the pan-European mattress and beds retail specialist, claims it has become the first to launch a completely circular box spring, saying its new Element programme is fully-recyclable.
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Consumers are buying beds more often, says the NBF.
Efforts to encourage shoppers to replace their mattress more often are working according to new research by the National Bed Federation (NBF).
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Major chemicals supplier Dow is investing in new machinery at its research and development facility in Switzerland which it says will put it at the forefront of comfort innovation for the bedding industry.
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MattressOnline is one of the UK's longest established ecommerce businesses. Inset: Steve Adams (left) and Steve Kelly collect the NBF Retailer of the Year award in 2016.
Steve Kelly, co-founder of MattressOnline, is retiring to spend more time with his family and pursue other interests. Co-founder Steve Adams is now sole shareholder after completing a management buyout.
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Casper Sleep, the U.S. headquartered mattress and ancillary sleep products business which additionally launched in the UK in 2016, has raised $100 million in a new equity funding round.
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Vacuum-packed mattress maker Breasley has invested £300,000 in new CNC foam cutting machinery that it says will allow it to produce faster and in greater quantities.
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Hypnos said revenue grew in line with its business plan.
Higher cost-of-sales weighed on Hypnos profits in 2017–18 with the Princes Risborough bed maker outperforming the wider market after sales grew in both its principal business units.
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Boss of UK/Europe of past three years moves on for emerging mattress business.
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Both the volume and value of mattress and bed base sales by British and Irish manufacturers declined last year with business optimism also falling, according to new data from The National Bed Federation (NBF).
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Mattress imports inched ahead in the first month of 2019 as the three largest sources of foreign-made goods for the UK market countered weaker figures from other countries.
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Suppliers of a Dewsbury headboard maker whose goods are sold via platforms such as Amazon face a shortfall of nearly half a million pounds after the company was placed into liquidation.
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All change: (l–r) Eve Sleep chief brand officer Kuba Wieczorek is going part-time; CEO Jas Bagniewski left last year, CFO Abid Ismail is leaving, while COO Felix Lobkowicz has also left.
Chief financial officer Abid Ismail and chief operating officer Felix Lobkowicz are to leave Eve Sleep as the broom sweeping through the direct-to-consumer mattress company delivers more change. The departures were announced alongside 2018 results.
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The eponymous founder of South East beds business Warren Evans, which ceased trading in February last year, will today relaunch the brand as an ecommerce pureplay.
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Direct-to-consumer mattress business Eve Sleep says its products will no longer be sold in Dreams stores or online after the two companies agreed to end the partnership.
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Belgian foam conglomerate Recticel grappled weaker demand in the upholstery and bedding sectors in 2018 but its non-furniture related business insulated its bottom line.
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Clare Taylor has joined Breasley Group as head of marketing.
East Midlands mattress maker and foam converter Breasley Group has appointed Clare Taylor as head of marketing, saying the creation of the new role was sparked by its fast expansion.
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Beter Bed closed a net 150 Matratzen Concord stores in Germany, Austria and Switzerland.
A mid-year decision to cut store numbers cost the Dutch based mattress retailer Beter Bed Holding heavily as it booked a €23.3 million net loss for 2018.
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An associated company has acquired certain assets of Beaumont Beds, the southeast England retail chain that entered administration with the closure of its stores earlier this month.
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The CEO of Tempur Sealy International says its direct business is unlikely to grow far beyond 20 percent of total revenue for strategic reasons, with the bedding giant committed to third-party vendors.
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DBC International, the distributor behind the M Line and Wave mattress programmes, is keen to return to the UK market after earlier supply arrangements came to end.
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The retailer closed 16 stores as a result of its CVA.
Beds specialist Mattressman says it is now in a strong position to "weather the economic storms ahead" after it downsized via a CVA last year when tough trading and the loss of data combined to force a restructure.
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