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U.K. furniture manufacturers' combined turnover climbed for the ninth month straight in November, new figures released Friday morning show.
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Furniture importer and wholesaler Seconique found sales, margin and profit expansion amid unprecedented demand last year, enabling it to generate cash and deleverage ahead of schedule.
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The Stock Exchange of Hong Kong (SEoHK) has directed Samson Holding, once one of the largest suppliers of cabinet furniture to the U.K. market, to conduct a review after criticising its internal control procedures.
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North East living, dining and bedroom wholesaler Baker Furniture has moved into its new 50,000sqft distribution centre ahead of beginning to deliver goods to customers from the purpose-built facility.
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Sales climbed by more than a fifth for London based rug distributor and wholesaler Asiatic Carpets last year as it benefited from higher home spend among consumers.
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Homewares importer and distributor Sabichi saw profits jump 63 percent in the past year as it beat its revenue target by more than £4 million.
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The Competition and Markets Authority (CMA), the U.K.'s antitrust watchdog, has has provisionally found that Dar Lighting has broken competition law by preventing retailers from offering discounts online.
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Moffett and Sons, the company behind the diversified upholstery, bed and cabinet manufacturer and wholesaler Balmoral Furniture, says it is on target to return to growth in 2021/22 after seeing sales and profits fall in the past year.
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The combined profits of nine of the world's largest shipping lines have increased eleven-fold in 2021 so far as demand and prices for ocean freight have surged as the pandemic has progressed.
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The effect of enforced factory shutdowns across Vietnam finally outweighed high U.K. demand for its goods in October as the value of wood furniture imports fell for the first time this year.
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British furniture manufacturers' combined turnover rose on an annual basis for an eleventh month straight in October, but fell against pre-Covid levels.
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Recticel has entered into a binding agreement to sell its Engineered Foam unit to Carpenter Company after shareholders yesterday backed the disposal of the division for €656 million.
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Flooring giant Headlam says it hopes its MCD Kidderminster operation will be taking and delivering orders again later this week after its large Worcestershire facility was hit by a serious fire Monday morning.
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Furniture industry customers and associates of a white-glove delivery and logistics provider based in the Midlands say the business is no longer trading.
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Recticel has cranked up the pressure on shareholders to back the sale of its engineered foams business to Carpenter Co, saying the plan has the backing of independent advisory firms.
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David Phillips, the furniture provider to property professionals such as landlords and estate agents, has launched a rewards programme, recognising and encouraging loyalty among its customer base.
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The value of furniture made in U.K. factories in September was over £27 million higher than any other month in history according to data released Thursday by the Office for National Statistics (ONS).
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A simple majority is all that is required for shareholders to approve the sale of Recticel's Engineered Foam unit to U.S. giant Carpenter.
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There is less than a month to go until Recticel shareholders will get to vote on whether to sell the group's Engineered Foams business, which includes its comfort foam operations, to Carpenter, the U.S. conglomerate.
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The price of key ingredients used in the flexible foam recipe have fallen in recent weeks, fuelling hopes among sofa and mattress makers that they may see their own costs ease as a consequence.
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Trendsetter Home Furnishings, the business behind The Fine Bedding Company brand, said it made a welcome return to profit after it outperformed its budget by focusing on creating a more sustainable business.
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A leather, wood and fabric restoration product manufacturer that lists DFS, Harrods and John Lewis among its client roster has reduced its use of virgin plastic by 80 percent as part of an eco-drive to minimise its plastic packaging footprint.
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Sanderson Design Group (SDG) has appointed former John Lewis Partnership chief financial officer Patrick Lewis to its board as one of two new non-executive hires.
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Foam and fibre conversion business Breasley, a key supplier to U.K. furniture makers, has been formally renamed as Peak Converters to better reflect its 36-year manufacturing history.
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Foam company Recticel has again advised shareholders not to sell their shares under the offer from Austrian rival Greiner as management look to enact their own plan to divest parts of the group elsewhere.
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The proposed takeover of the comfort foam business of Recticel by its industry peer Carpenter raised eyebrows across many U.K. furniture industry boardrooms, right across the supply chain from manufacturers to retailers.
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The collapse of a 150-year-old Oxfordshire furniture manufacturer earlier this summer leaves secured and unsecured creditors facing a sizeable shortfall.
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Inflation figures released Wednesday made for grim reading. Consumers are paying over 10 percent more to buy furniture than they were this time last year, while manufacturers' input costs are increasing at twice that level.
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Demand through 2021 has put luxury furnishing fabrics, wallpapers and accessories supplier Romo back on track to recover sales lost through the pandemic, the company said in just-filed accounts.
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A major restructuring plan initiated through the pandemic will leave the U.K. arm of designer lighting company Artemide leaner and in better shape to seize future market opportunities, the company has said.
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The effects of late summer Covid-related factory shutdowns in Vietnam are yet to show in official data. Instead, they reveal the impact of huge living, dining and bedroom cabinet orders placed before those plants were mothballed.
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Shareholders in furniture wholesaler Julian Bowen have sold a qualified majority stake to Storskogen, a Swedish investment group that backs dozens of small and medium sized enterprises.
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The new owner of Carpet & Flooring (C&F) settled all outstanding debt as part of the buyout of the 11-depot floorcoverings distributor earlier this year.
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Profits climbed at Danish furniture designer, wholesaler and distributor Actona Group in 2020/21 as it enjoyed a revenue boost from ecommerce channels.
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British furniture manufacturers' combined turnover rose by a quarter against strong comparatives at the height of summer as the industry battled to meet surging demand.
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Home, gift and furniture wholesaler SIL generated cash and returned to profit last year as lower costs negated the impact of a fall in turnover.
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The principal U.K. arms of Carpenter and Vita, two of the big three comfort foam suppliers to Britain's bed and sofa manufacturing sectors, saw output and earnings fall amid the early months of the pandemic.
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Floorcoverings supply giant Headlam is on the hunt for a new chief executive after it announced the departure of Steve Wilson after 30 years with the company.
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Interiors brand Morris & Co. will deepen ties with general merchandise fashion-to-furnishings retailer Next with an expanded licensing agreement, parent company Sanderson Design Group (SDG) announced Thursday morning.
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Seven-figure exceptional costs impacted profits at diversified furniture, mattress and home accessories designer, manufacturer and distributor Gallery Direct last year.
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North West home textiles group Turner Bianca booked lower profits in 2020/21 as rising costs and narrower margins countered the impact of higher sales.
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The md of furniture importer and distributor Bentley Designs says the business continues to keep a very tight rein on costs in the face of unprecedented supply side and shipping inflationary pressures.
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Ireland and U.K. furniture wholesaler VIDA Living has appointed Karl Bickerstaffe as area sales manager with responsibility for northern England and north Wales.
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Revenue climbed for soft furnishings supplier Ashley Wilde Group last year as its customer base ramped up activity in the aftermath of the first lockdown.
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Belfield Group's upholstery businesses were more impacted by lockdown periods last year as its just-divested mattress unit delivered higher revenue amid the backdrop of the pandemic.
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Furniture manufacturing activity in Vietnam is expected to increase after the Government signalled its intent to ease restrictions amid an intention to move away from its zero-Covid strategy.
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Fast-emerging flooring distributor Likewise Group is planning to pay dividends to shareholders for the first time as it looks to build on a profitability milestone achieved in the first half of 2021.
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High end interior design and furnishings distributor Sanderson Design Group has appointed Mike Woodcock as its chief financial officer, replacing Michael Williamson who leaves next month.
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A rosier outlook for flooring conglomerate Victoria has prompted S&P Global Ratings to reaffirm its BB rating in a move that may boost bond investor confidence.
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Wallcoverings and home accents supplier Graham & Brown enjoyed a big jump in profits as customers "rediscovered their homes" last year, investing in and re-inventing the environments they live in.
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VIDA Living, the Ireland and U.K. furniture importer and distributor, has recruited Victoria Bellerby to the role of senior business development director.
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Wider gross margin and lower administrative costs negated the impact of lower revenue for furniture wholesaler Annaghmore Agencies in the year to December 31, 2020. Cashflow was strongly positive.
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Sanderson Design Group, the high-end interior design and furnishings manufacturer and distributor, is to launch a Morris & Co brand extension targeting international markets.
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Furniture designer and distributor Actona Company is now Actona Group as part of a corporate rebrand designed to better reflect its international operations.
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The cost of making furniture in the U.K. climbed again last month with producers warning the brewing labour crisis will add further increases that will have to be passed on to retailers.
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Smooth floorcoverings vendor Unilin Distribution acquired Salesmark earlier this summer.
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Dan-Form, the Danish dining furniture manufacturer known for its bentwood chairs, plans to consolidate distribution with the build of a new warehouse.
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Record levels of furniture are being despatched out of British factories but nowhere near enough to satisfy demand and bring lead times down to historical norms.
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When the Prime Minister announced the first lockdown back in March last year the fear across the British furniture industry was palpable. Thick red lines were drawn through expense budgets and manufacturers up and down the country prepared for an unwanted game of who could hold their breath for longest.
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Wincanton, the fulfilment partner to brands including IKEA, Loaf and Snug, has acquired logistics company Cygnia from private equity in a deal worth £23.9 million. It has also hired a new md for its Digital and eFulfilment business division.
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Retail and commission revenue declined in 2020 for the U.K. arm of Poltrona Frau, the U.S.-owned Italian designer furniture company.
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The early stages of the pandemic failed to make significant dents in rental returns for the owner of the Design Centre at Chelsea Harbour, home to dozens of high-end third-party furniture and interiors showrooms.
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Chris Box has been appointed group manufacturing director at Gallery Direct, the diversified furniture, mattress and home accents designer, producer and distributor.
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Bedding and upholstery components distributor Handy has acquired the non-zip related assets and sales of fellow supplier Aero Zip, further expanding a product roster already numbering over 1,500 items.
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British furniture manufacturers are increasingly bullish according to a new poll but have concerns over the availability of labour, which is threatening to further delay the production and delivery of goods.
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Foam conglomerate Recticel reported double-digit revenue and profit growth from the business unit supplying U.K. mattress and sofa manufacturers in the first half of this year.
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Sanderson Design Group will advertise on television for the first time ever with its Harlequin brand to use the medium for the consumer launch of its new Own the Room campaign.
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Restructuring advisors are targeting the sale of the business and assets of Whiteleaf Furniture after the manufacturer was placed into administration earlier this month.
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The group behind home and giftware wholesaler Lesser & Pavey increased profits in 2020/21 as it found top line growth amid a turbulent trading backdrop.
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Furniture, beds and home accents supplier Gallery Direct is to open a large distribution centre near Chesterfield early next year.
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A "perfect storm" of high demand and supply chain delays could lead to never before seen cut-off dates for pre-Christmas furniture deliveries, according to the md of BFM, the trade association for British Furniture Manufacturers.
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The pandemic clipped the wings of the U.K. upholstery industry more than other furniture segments as the value of the market here last year fell to its smallest level since 2013.
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Colefax Group, the listed furnishing fabrics, wallpaper and upholstery supplier, has announced a Tender Offer at an elevated price that could boost returns for both existing and residual shareholders.
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Input price inflation for British furniture makers increased for an eleventh straight month in July as producers continued to wrestle with never-before seen pressures.
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Shares in Likewise Group, the challenger flooring distributor founded by former Headlam officials including its ex-CEO Tony Brewer, began trading on London's Alternative Investors Market (AIM) for the first time on Wednesday.
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Natuzzi is opening up its iconic showrooms at High Point, North Carolina to its compatriots, renaming the ship-shaped building as Casa Italia and welcoming in other Italian furniture companies.
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British furniture manufacturers' output reached its highest level since November at the beginning of summer according to new figures from the Office for National Statistics (ONS).
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Furnishing fabrics, wallpaper and upholstery supplier Colefax Group doubled profits in 2019/20 despite the pandemic hitting markets worldwide.
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Veteran luxury goods executive Daniel Lalonde has been appointed CEO at Design Holding, the international company behind the B&B Italia, Flos, Louis Poulsen and Arclinea brands as well as U.S. ecommerce platform YDesign.
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Bedding and household textiles importer and distributor Rapport Home found big profit growth despite sales dropping by £3 million last year.
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East Midlands upholstery, cabinet and beds distributor Birlea Furniture continued to find profitable growth despite the pandemic in 2019/20 and looks set for more this year.
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North West workplace furniture maker Senator International continued to remain profitable despite seeing a forecast pandemic-related drop in turnover crystallise last year.
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The pandemic impacted revenue and costs for workplace and home office furniture giant Bisley in 2019/20, resulting in losses widening. Cash generation remained strong.
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Reacting to online demand and the acquisition of an ecommerce marketplace retailer boosted sales at the West Yorkshire company behind the Melrose Interiors brand last year.
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Wholesale giant Headlam says high demand for residential carpets and other floorcoverings has helped mitigate weak figures from the commercial sector.
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The pandemic and the collapse of home furnishings retailer Laura Ashley came ahead of a prominent window dressing supplier completing an insolvent restructure earlier this year, leaving creditors facing a shortfall.
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Double-digit wholesale growth negated falling sales at Kettle Interiors U.K.'s retail division in 2019/20, though rising costs weighed on the cabinet company's profits.
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The U.K. arm of diversified furniture fittings and ironmongery giant Häfele Group found profit growth last year despite a double-digit decline in revenue because of the pandemic.
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Andrew Porter UK has rebranded its furniture and homeware storage and fulfilment entity as AP+, specialising in end-to-end third-party logistics (3PL) solutions from its 300,000sqft purpose-built facility.
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The merger between furniture conglomerates Herman Miller and Knoll will lead to the creation of MillerKnoll, which will become the new name for the combined corporate entity.
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Howdens, the trade kitchen and joinery products supplier, says it now believes there is the scope for 900 U.K. depots, 50 more than previously targeted.
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A new online marketplace targeting interior designers with samples of fabrics, flooring, wallcoverings and other interior materials is gaining traction, with more 40 brands now signed up.
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A return to more normal margin levels boosted profits for the company behind LPD Furniture in 2019/20 with its furniture division achieving big sales growth despite the pandemic.
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The luxury interior design and furnishings group behind the Morris & Co brand has cited post-Brexit demand for British-made goods among three positive sales drivers this year.
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One of the U.K.'s largest decorative lighting suppliers took a large six-figure bad debt charge following Laura Ashley's closure last year, while the pandemic exacerbated the impact on profits.
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June saw even larger double-digit growth in annual input costs for U.K. furniture makers with a shift in the main raw materials affected, according to figures out Wednesday.
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The U.K. arm of French designer furniture label Ligne Roset recorded a fourth straight loss in a year where revenue declined as a consequence of pandemic disruption.
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Living, dining and bedroom wood cabinet imports have reached never-before seen levels in the first five months of 2021 despite well-publicised supply chain challenges.
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Supply chain challenges continued to impact U.K. furniture makers at the end of spring with manufacturing turnover still well down on pre-pandemic output.
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North West home furnishings supplier Cleland McIver grew profits despite lower output last year and says it is proposing steps to strengthen cashflow amid supply chain disruption.
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The circa £170 million timber group that runs businesses including wood based panels supplier Hoffman Thornwood has been sold to private equity.
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Pike Textiles, the Cambridgeshire based sampling solutions specialist, has become a member of trade association the British Furniture Manufacturers (BFM).
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Akula Living, the outdoor furniture supplier to the leisure and hospitality sectors, has agreed a six-figure debt finance package to help it fund overseas growth.
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The British Furniture Manufacturers (BFM) has put its members at the heart of its revamped website, providing them with an enhanced digital presence for their products.
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Floorcoverings distributor Likewise Group says it plans to raise £10 million as part of a move to the Alternative Investors Market (AIM) of the London Stock Exchange.
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Paloma Faith, the singer, songwriter and actress, has launched her own direct-to-consumer and wholesale interiors brand, majoring in soft furnishings and with plans to expand into furniture.
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Headlam Group, the Midlands headquartered flooring wholesale conglomerate, has moved to reassure customers regarding stock against a backdrop of industry-wide supply issues.
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One of the U.K.'s largest makers of upholstered furniture for the leisure industry incurred a first-ever loss last year as its principal market was among the hardest hit by Covid.
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Classic Furniture, one of the U.K.'s largest privately-owned furniture importers and wholesalers, grew profits last year on the back of wider margins.
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The British Furniture Manufacturers (BFM) will begin a hunt for a new managing director after Nick Garratt announced his intention to step down at the end of 2021.
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Home and garden retail giant IKEA has extended its partnership with logistics company Wincanton at two key locations in the South East of England.
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Britain's competition watchdog said it will use the remainder of 2021 to gather, analyse and review information in relation to suspected resale price maintenance by a prominent U.K. lighting company.
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Revenue declined for one of the U.K.'s largest suppliers of decorative lighting last year, with it saying that traditional bricks-and-mortar retail was hit first by Brexit uncertainty, which was then accelerated by the pandemic.
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Revenue was flat at the wholly-owned retail arm of furniture and interiors brand Neptune in the year to September but its wholesale division, which also supplies third party retailers and franchisees, found growth.
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Revenue fell last year for the owner of four well-known British kitchen brands including Chippendale, but costs fell at a faster rate as the group returned to profit and repaid all outstanding bank borrowings.
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Profits fell by more than a third for the U.K. arm of furniture manufacturing conglomerate Herman Miller last year, hit by the pandemic and one-off costs.
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A year-end buffeted by Covid failed to prevent furniture wholesaler Julian Bowen finding double-digit revenue and profits growth last year.
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An industry-wide lament over rising container prices and limited space aboard vessels is unsurprising given never-before seen levels of wood furniture arriving in the U.K. from the Far East.
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The Vita Group has joined the Furniture Makers' Company, the furnishings industry charity and City of London livery company, as a corporate member.
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Sales and profits declined for Coach House in 2019–20 but the major furniture and home accents supplier still delivered a class-leading performance amid the disruption of the pandemic.
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U.K. furniture production continues to recover from the pandemic but turnover across the sector still remains short of comparable data from two years ago despite high demand.
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An already thin base of U.K. standalone bedroom cabinet makers was further depleted by the insolvency of two North West furniture companies earlier this spring.
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A pandemic-induced loss of revenue in the final quarter of its financial year didn't stop major rug supplier Flair Flooring near maintaining full year sales in 2019–20.
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The company behind the Stompa kids furniture brand in the U.K. made substantial six-figure gains in the year taking in the early weeks of the pandemic, building cash in the process.
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A new Legal Hub for British furniture manufacturers launched Monday offering legal and business advice on subjects such as health and safety, employment, tax, contracts and data protection.
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Symphony Group, one of the U.K.'s largest furniture manufacturers, is to invest in a large dual-purpose production warehouse adjacent to its existing factory at Barnsley, South Yorkshire.
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The overwhelming majority of U.K. furniture manufacturers are elevating the management of environmental challenges as a business priority, but all those taking part in a new research study say there is not yet a sector-wide strategy across the industry.
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Raw materials and other furniture makers' input costs are rising at their fastest pace in almost 13 years, according to the Office for National Statistics (ONS).
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Foam supply giants Greiner and Recticel could unite after the former said it was planning a takeover approach after already agreeing to buy more than a quarter of the company from a third party. Officials will meet Monday to discuss a deal.
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Cost savings and state support helped mitigate a double-digit fall in revenue for Sanderson Design Group in the year to January 31, 2021.
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Flooring wholesale conglomerate Headlam Group has appointed former Wickes CEO Simon King as a non-executive director.
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Furniture manufacturers across the U.K. delivered their first annual rise in output in more than 12 months in March, according to new official figures published yesterday.
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High-end furnishings group Sanderson Design Group hopes to expand distribution of its Morris & Co. brand across east and southeast Asia after penning a new exclusive licensing agreement.
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Hampshire lighting supplier Elstead returned to profit in the year to July 31 last year as wider margin and lower costs helped mitigate a second straight slide in revenue.
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A Nottinghamshire furniture manufacturer specialised in supplying the hotels and hospitality market says new debt finance will help it expand into new contract segments.
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The CEO of major foam company Recticel says chemical raw materials supply remains constrained and the situation will endure longer than previously anticipated.
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Fashion house Fendi and B&B Italia owner Design Holding are to form a joint venture to make, market and sell furniture and furnishings under the Fendi Casa brand.
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Confidence among U.K. furniture makers has improved as the retail sector emerged from lockdown restrictions to a surfeit of new orders.
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Actona Company, the circa £230 million Danish furniture supplier, is expanding its herringbone cabinet offer to more countries as it builds on its popularity in the Scandinavian market.
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Chaucer Logistics, a specialist provider of logistics services to the furniture sector, has begun a seven-figure expansion project that will see it add extra storage capacity before the end of 2021.
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The price of materials and fuels used by U.K. furniture makers rose at its fastest pace in nearly three years in March, new official figures show.
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The diversified wholesaler behind the Aruna Homeware business made sales gains in the period leading up to and including the early weeks of the pandemic, but not in its home accents unit.
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Home office and workplace furniture maker and wholesaler Dams booked smaller profits on lower sales last year but continued to generate cash.
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A rise in the number of shipments from Vietnam and China docking at U.K. ports floated living, dining and bedroom cabinet imports to new heights at the start of 2021.
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February saw Britain's furniture makers complete a 12th straight month of declining year-on-year manufacturing turnover, according to new official figures.
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Bed and bath textiles distributor and retailer Bedeck bolstered liquidity in the year to end September, mitigating the negative impact of the pandemic on its business.
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Sales jumped double-digit despite challenging market conditions for lighting supplier Cascade in 2019–20, but profits declined on thinner margins.
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Upmarket furniture, lighting and accessories company Porta Romana was impacted by the early weeks of the pandemic, but it said it bounced back after the first lockdown.
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Britain's home office furniture market shrank in 2020 despite the move to home-working according to a new report by AMA Research. It says that will reverse this year as consumers make more permanent home office arrangements.
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Higher sales helped profits rise sharply for the group behind gift and homeware wholesaler Lesser & Pavey in the run-up to the pandemic.
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