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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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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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