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The private equity backed group that owns custom fitted furniture maker Neville Johnson paid eight-figure dividends to shareholders in a period when it agreed extended borrowing and saw trading profits fall.
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The value of U.K. furniture exports has jumped by more than £200 million so far this year thanks to increased activity with major trading partners including the U.S., Ireland and France.
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Profits fell sharply at Gwynedd cabinet maker Welcome Furniture in the past year as strategic partnerships with online retailers failed to fully mitigate a tough contract market.
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United Furniture Industries, the company behind Lane, one of the most storied furniture brands in the U.S., has closed down without warning, putting thousands of jobs at risk.
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Furnishing fabrics and wallpaper supplier Osborne & Little repaid almost £3 million of debt and doubled group profits through 2021/22 as it kept a lid on costs as custom returned.
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Greenapple Systems, which was at the vanguard of the supply of glass furniture into the U.K. retail market, has completed a solvent shutdown of the business following a decision to close made last year.
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ScanCom International, the Scandinavian outdoor furniture manufacturer with offices in countries including the U.K., found profit growth despite production challenges in the past year.
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Fewer containers of living, dining and bedroom cabinet furniture arrived in the U.K. at the end of the first quarter including a halving in the quantity of goods shipped from China.
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Designer furniture maker Carl Hansen & Søn has begun a consultation with factory workers in its homeland ahead of planned redundancies as it adjusts to weaker consumer demand.
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Two key supply chain partners to the U.K. furniture industry relied on new business wins for growth as they called out weaker trading conditions in big-ticket categories.
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Profits almost trebled for North West supplier Hill's Panel Products through 2021/22 as the key supplier to the fitted furniture sector negotiated upstream challenges.
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U.K. furniture production volumes declined at the end of the third quarter as manufacturers grappled weaker order books amid rising costs.
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Furniture conglomerate Actona Group says it has given the vast showroom at its Danish headquarters an extreme makeover as part of plans to make every visit by trade customers an experience.
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A survey of leading British furniture manufacturers has laid bare the impact of rising production costs on their businesses, with many now struggling to turn a profit.
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Furniture wholesaler Kettle Interiors has paid tribute to its founder John Kettle, who died Saturday, November 5, aged 73.
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Panaz Holdings has promoted Nadeem Memon to group chief financial officer with responsibility for the fabrics and furnishings group's expanding roster of business units.
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The owner of home and giftware importer Lesser & Pavey found big revenue growth in the past year but underlying profits were hit by skinnier margins.
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Restructuring advisors say multi-million pound filled bedding supplier Norfolk Feather is yet to formally enter insolvency despite the reported closure of its business earlier this month.
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Cabinet and upholstery supplier Mark Webster Designs sold the vast majority of its stock to its largest customer two weeks ahead of the formal appointment of administrators as it sought a managed wind down of the business.
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Filled bedding company Trendsetter Home Furnishings built on a return to profit with an eight-fold rise in earnings in the past year, but cautioned of headwinds in the period since.
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Higher costs saw profits almost halve for bedding supplier Comfy Quilts in the year to end January despite sales having climbed thanks to it doing more business with a company under common control.
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Actona Group found top line gains as the Danish furniture conglomerate expanded its global activities through acquisitions in 2021/22.
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Renewed upstream supply chain price pressures will result in further rises being passed on to retailers, as new inflation figures out Wednesday showed continued stubbornly high rates across the industry.
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Upmarket interior design and furnishings supplier Sanderson Design Group found profit growth in the first half of its 2022/23 financial year after almost doubling licensing income.
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Headlam Group, the U.K.'s largest floorcoverings wholesaler, has bolstered its leadership team with two new independent non-executive board hires.
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Furniture, mattresses and home accents distributor Gallery Direct pumped cash into stock build last year in a period where it returned to profit on vastly increased output.
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U.K. listed textiles group says part of its German-based operations has struggled as a result of weak consumer confidence.
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Higher output outweighed rising costs and thinner margins as North West household textile supplier Turner Bianca found bottom line growth in the year to end March.
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Britain's sofa and mattress makers are being landed with a new wave of price increases from across the upstream supply chain according to correspondence seen by The Furnishing Report. Some suppliers are also on allocation.
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Platt & Hill, a supplier of foam and fibre fillings products to the beds and upholstery manufacturing sectors, slipped to a loss last year as higher costs outweighed the benefit of increased output.
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Headlam Group's search for a new chief financial officer has entered its seventh month after a prime candidate for the position decided at the last-minute to withdraw.
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An insurance claim and wider gross margin helped profits climb at flooring wholesale group Headlam in the first half of the year despite an already-signposted decline in revenue.
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Northern Ireland based furniture wholesaler Annaghmore Agencies recovered some of the revenue lost to the pandemic last year in a period that saw it build its inventory position.
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An Italian design company based on the banks of Lake Maggiore enjoyed its strongest year in the U.K. in almost a decade as home sales surged in the aftermath of lockdown.
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The restructuring advisors handling the insolvency of Nottinghamshire furniture importer Mark Webster and its parent company have said operations have now ceased following their appointment last month.
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An auction house that has cleared stock for some of the biggest names in the furniture industry has ceased trading and signalled its intent to appoint administrators.
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The probability that three major foamers will continue to serve the U.K. mattress and upholstery markets has increased after Carpenter and Recticel conceded the planned takeover of the latter's engineered foam unit would lessen competition.
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Cabinet and upholstered furniture maker Ben Whistler returned to profit last year after the bottom line took a hit through the first period of Covid.
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Cabinet and upholstery importer Mark Webster Designs and its parent company Mark Webster Holdings were both formally placed into administration earlier this week.
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The Competition and Markets Authority (CMA) has named the officials who will make up the inquiry group looking into the takeover of Recticel's Engineered Foam unit by Carpenter.
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Furniture exports climbed in the three months to end June on the back of strong growth from the two largest buyers of U.K.-made goods.
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Privately-owned furniture importer and distributor Mark Webster Designs and its parent company Mark Webster Holdings have each filed a notice of intent (NOI) to appoint administrators.
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Chief financial officer promoted at £180 million ready-to-assemble furniture manufacturing conglomerate.
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Growth slowed to its weakest level in over a year for U.K. furniture manufacturers in a sign production is catching up with the backlog from earlier high demand.
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Declining demand, rising costs and overall economic uncertainty across Europe will lead to a decline in PU foam production this year.
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Shippers are moving product more reliably around the globe in a sign supply chains may be beginning to normalise, according to a leading provider of analysis and advisory services in the sector.
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Floorcoverings supplier Designer Contracts has opened a new facility in Berkshire that becomes its regional headquarters for the Western Counties area.
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A South Yorkshire based ready-to-assemble furniture maker recorded a bigger deficit in the period that led to an external furniture group acquiring a quarter of the business earlier this year.
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The London based company behind the Artisan Furniture brand recorded a fall in profits at its U.K. business in the 12 months to March 31 this year.
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Fewer restrictions and a less onerous lockdown helped the wholly-owned U.K. arm of French furniture brand Ligne Roset return to growth last year.
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Diversified Yorkshire cabinet group LPD saw its furniture division achieve eight figure revenue for the first time in the period leading up to a management buyout (MBO) this summer.
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Headlam, Britain's largest flooring wholesale group, has built up stock levels ahead of what it hopes will be busier trading months to come. It follows a revenue decline in the first half.
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The first new products since Birlea agreed a deal that sees it become the U.K. and Ireland distributor of Disney branded furniture are expected to arrive in the first week of October, its md says.
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A longtime ready-to-assemble furniture manufacturing supplier to Amazon's U.S. platform has begun listing on the Internet giant's European's equivalent as part of a pilot programme.
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Loaf has extended its home delivery contract with Wincanton for another three years, building on an existing partnership between the two companies already lasting the past six years.
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Profits climbed sharply last year for one of the principal actors in the delivery of bulky flat-pack furniture boxes to U.K. consumers. That was despite a fall in revenue.
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Underlying sales climbed sharply at Northern Ireland based furnishing fabrics and household textiles supplier Ulster Weavers last year as it benefitted from its relationship with retail giant Dunelm.
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The acquisition and expansion of a new warehouse and distribution facility among other investments saw Liverpool home office and workplace furniture maker Dams spend almost £6 million on capex last year.
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A Warwickshire supplier of outdoor furniture and living products to the likes of NEXT, Made.com and The Conran Shop saw profits jump by almost half last year.
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Higher sales and an 810 basis point gross margin swing helped the U.K. wholesale and retail arm of cabinet furniture supplier Kettle Interiors to boost profits last year.
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Current incumbent to remain on the board but step down as chief executive at supplier with operations spanning the globe including the U.K. after he found his successor.
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Rising sales and wider gross margin helped Coventry kitchen furniture manufacturer Burbidge return to profit at the EBITDA line last year and narrow its net loss at group level.
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The owner of outdoor furniture and living retailer Garden Trading says its bottom line will come in ahead of market expectations as a consequence of additional cost reductions.
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Britain's antitrust regulator has elevated its investigation into the takeover of Recticel's engineered foam unit by Carpenter to an in-depth Phase 2 inquiry, heightening the possibility that parts of the deal affecting the U.K. will either not happen or be reversed.
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Rachel Conroy, founder and CEO of Gateshead contract furniture supplier HLF, has been included in a prominent business magazine's 35 Women Under 35 2022 list — a rundown of high achieving business leaders.
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Furniture factory output in the U.K. continued to run at record levels according to new May data with manufacturers racing to unwind big order books as a result of earlier demand.
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Underlying revenue across the eFulfilment division of logistics group Wincanton edged ahead in the first quarter of its financial year despite the wider market slowdown in online activity.
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Stakeholders have until Monday of next week to come up with a solution that will appease the U.K.'s antitrust regulator.
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Profits more than doubled at the Ashley Wilde group last year as the Hertfordshire headquartered furnishing fabrics group delivered an eighth straight increase in revenue.
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Container shipping schedule reliability remains at a historically low level while spot prices are falling from record highs and delays easing after a two-year stretch upended by the pandemic.
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EBITDA was almost two thirds higher for Bentley Designs last year as the furniture importer deleveraged after it kept a tight rein on costs and revenue recovered, countering weaker gross margin.
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Construction is underway at distribution centres in Scotland and the Midlands as national flooring wholesaler Likewise Group looks to double its logistics capacity this year.
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Stock levels at Cleland McIver more than doubled by the end of its 2020/21 financial year as the soft furnishings supplier invested further in distribution capacity with a new 75,000sqft facility.
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Lincolnshire cabinet importer and wholesaler Classic Furniture battled rising shipping costs and limited container slot availability as it booked its highest profits since 2014 last year.
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The md of furniture components supplier Wade Spring says the combination of new export business and an expanded engineering offer were a major driver in increased profitability last year.
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Bedeck returned to profit last year as the Northern Ireland based bedding company benefitted from a lower administrative cost burden of almost £2 million, including non-recurring exceptional items and a currency gain.
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Furniture and home accents wholesaler Coach House smashed through a high ceiling to record largest-ever profits at its trading arm last year as it recovered strongly from the first year of the pandemic.
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Investment helped the soft furnishings group behind the Iliv brand find further margin gains in a strong trading period during which it grew profits and repaid debt.
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The value of U.K. furniture production remained at a historic high level in April but fell below revised record figures for the end for the first quarter.
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The company that completed an insolvent buyout of a prominent North London furniture wholesaler whose products were sold on platforms such as Wayfair has a new name.
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Ministry of Furniture (MoF), the contract manufacturer that emerged from Remploy in 2014, has moved to a new head office and showroom facility in Neath, South Wales.
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Costco levered the power of brands such as Natuzzi, Thomasville, Bentley Designs and Silentnight on the way to strong growth in the U.K. which it has followed up with further gains in the period since.
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Furniture exports out of the U.K. continued their recovery in the first quarter of 2022 but still have some distance to travel to return to historic highs.
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Online vendors offering the goods of a North Yorkshire based wholesaler of occasional furniture and rattan home and garden goods which collapsed earlier this year are clearing the last remaining items from their platforms.
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Henry Tadros will take over as chairman at heritage furniture maker Ercol [ercol] this summer, the Princes Risborough manufacturer has announced. He succeeds his father, Edward Tadros.
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Majority position in East Midlands furniture wholesaler was sold to the Swedish investor Storskogen Group last year.
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The U.K.'s largest flooring wholesale group believes ecommerce and a growing cohort of multiple retail customers can help it counter a weaker market this year.
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Rollie Attard, chief operating officer at fabrics supplier Panaz, is to become chief executive in place of his father and company founder Tony Attard, who will become chairman.
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Cabinet imports from China fell at the end of the first quarter on a volume basis with only higher prices lifting the value of shipments arriving at British ports.
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Scandinavian dining and lounge furniture source issues clarion call for new partners.
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The combined turnover of U.K. furniture manufacturers reached a ten-figure total in a month for the first time in history as factories continued to be busy fulfilling outstanding orders taken late 2021 and into the early weeks of this year.
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Restructuring advisors offer bullish outlook for creditors of East Midlands supplier after co-owner's death prompted eventual closure last year.
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Deliveries in the U.K. and Ireland grew at a faster pace for Stressless in the first quarter of 2022 than in any other of its main reporting geographies, with the value of sales reaching almost half of the total for the entirety of last year.
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Nascent lifestyle brand Jasper Conran London is to expand an existing agreement with general merchandise retail giant Next into furniture and homeware for the first time.
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Britain's Competition and Markets Authority (CMA) has launched an inquiry into the planned takeover of Recticel's engineered foam unit by Carpenter Co., the U.S. conglomerate. Both are key cogs in the U.K. furniture supply chain.
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High-end furniture company Timothy Oulton has strengthened its U.K. board with two senior appointments from within.
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Furniture wholesaler Birlea has agreed a deal that will see it become the U.K. and Ireland distributor of Disney branded furniture and home accessory products.
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Strong demand indicates a tailwind for home-related spending remains, according to Colefax Group, owner of high-end soft furnishings brands and a prestige British sofa maker.
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The U.K. arm of contract furniture maker KI saw revenue jump by almost a third here last year as it rebounded strongly from the early part of the pandemic.
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Global home furnishings company Designers Guild says a huge amount of re-engineering work has helped position it to emerge from the pandemic as a stronger and more robust business.
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The U.K.'s antitrust regulator has found that Där Lighting restricted retailers' freedom to set their own prices online between 2017–2019 and fined the company £1.5 million.
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Sales jumped by almost half for major rug distributor Flair Flooring last year to help counter the impact of rising costs and inflationary pressures.
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West Yorkshire furniture wholesaler Andy Thornton enjoyed a seven-figure profits turnaround last year after sales rebounded and it found cost savings.
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Revenue at Nottinghamshire furniture wholesaler Julian Bowen was even stronger in 2020/21 than that indicated by its new majority shareholder when it completed a buyout last autumn.
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Fast-growing U.K. floorcoverings distributor Likewise Group has moved to incentivise key officials across the business with the granting of new share options.
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Case goods manufacturing and wholesale giant Samson Holdings reversed early pandemic losses to return to profit last year, driven by lower costs and success in its largest market.
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Living, dining and bedroom furniture distributor Devonshire swung back to profit last year as sales recovered strongly in the year to July 31 after falling in the early part of the pandemic.
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British homewares and lifestyle brand Sophie Allport has appointed Richard Bell as its chief executive officer (CEO) with a brief to take the fast-growing business to the next level.
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Strong order growth since April last year has put the privately-owned group behind West Midlands furniture manufacturer Boss Design on the path back to profit.
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Furniture supplier Global Home Group has appointed highly-experienced industry executive Julian Cox as commercial director, working across both its Global and Corndell business units in the U.K.
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Flooring supplier Headlam Group says it has historically under-indexed in sales to the multiple retail sector, and plans to address that by building a bigger business with larger chains.
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Sales jumped by a third and profits climbed for Oldham domestic decorative lighting supplier Cascade in 2020/21 as it lapped a prior year-end impacted by the first lockdown.
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The U.K.'s largest floorcoverings wholesale group has named Chris Payne as chief executive officer with immediate effect, ending a six month hunt for a successor to Steve Wilson. It has also announced a new chairman.
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Monty Space, a subscription furniture rental service, is to become part of the David Phillips group, a major supplier of furniture to the residential real estate sector.
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Joseph Joseph Group, the contemporary housewares designer and distributor, posted record sales and profits as customers pivoted online and towards home products last year.
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Profits at the U.K. arm of foam pourer Recticel jumped in the period taking in the early months of the pandemic, just-filed accounts show.
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House of Isabella, a fast-growing and now decade-old furniture retailer, has appointed Panther Logistics as its two-person delivery partner.
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Revenue soared to record levels at furniture manufacturing and wholesale group Actona last year as it bounced back from a blip during the early months of the pandemic.
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A fast-growing flatpack furniture and homeware importer with a co-owned ecommerce operation has acquired the former Westex Carpets factory at Cleckheaton.
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Nobia, the Swedish kitchen conglomerate and owner of retail chain Magnet, has named XPO Logistics as the sole U.K. transport provider for all its British-based brands.
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Furniture conglomerate Lars Larsen Group booked net income of 5.14 billion Danish kroner (£581m) last year as it benefitted from both organic growth and acquisitions powering top line growth.
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The Swedish investment group that acquired U.K. furniture wholesaler Julian Bowen last year has tapped debt investors for more cash to fund further buyouts.
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Fast expanding floorcoverings distributor Likewise Group has completed its previously signposted takeover of Valley Wholesale Carpets and installed a longtime industry executive to run the business.
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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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