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International furniture and home décor retailer Maisons du Monde saw profits fall last year as revenue declined and margins narrowed.
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Underlying profits reached record levels at Danish furniture retail, supply and investment conglomerate Lars Larsen Group (LLG) last year fuelled by organic growth and acquisitions.
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A wholly-owned U.K. arm of French furniture brand Ligne Roset built on a first profit in five years with a second straight gain in the year to September 30, 2022.
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Double-digit U.K. margin and strong sales growth here helped French furniture brand Roche Bobois deliver higher profits in the first six months of 2022.
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A huge leap in sales after the spring lockdown and the introduction of ecommerce helped furniture retailer JYSK report a first ever profit at its U.K. subsidiary last year.
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French multinational Maisons du Monde (MDM) has issued a profits warning after saying any hopes for sales growth this year can be largely forgotten.
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U.K. revenue trended higher at high-end French furniture and interiors company Roche Bobois last year, but failed to match the levels achieved by its stores and franchisees elsewhere.
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International furniture company Roche Bobois has announced the death of François Roche, its co-founder, on October 6. He was 85 years old.
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The CEO and president of JYSK is to be promoted to a newly-created role by the Danish retailer's parent company in a move that frees him up to focus on group acquisitions and development.
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BoConcept said the international nature of its franchisee-network has helped shield the modern furniture company from the impact of Covid, with it looking to continue to expand its retail footprint in the next year.
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Design retailer The Conran Shop has opened its first store since the business was sold to new investors early last year with a launch in the Far East.
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Danish furniture and homewares retailer JYSK will take its Irish store footprint to 15 with the addition of six more branches before the end of 2021.
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Danish furniture retail conglomerate JYSK will expand its Yorkshire store footprint when it opens a new showroom in Leeds later this month.
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Premium furniture brand Roche Bobois has enjoyed fast order and revenue growth so far this year but the U.K. uplift has trailed behind the global trend.
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Furniture and flooring retailers in Ireland reopened their stores on Monday (May 17, 2021) as one of the longest worldwide lockdowns was eased.
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Lars Larsen Group, the Danish conglomerate behind some of the largest furniture retail and wholesale operations in the world, booked highest-ever sales and profits last year and said it also paid a record amount of tax.
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The company behind the multichannel U.S. furniture retailer Wisteria, bought by OKA Direct in 2018, is to be liquidated after its stores and website closed in the autumn.
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The new owner of the Habitat furniture retail business outside the U.K. will be granted an exclusive licence to operate the brand but will not immediately own the intellectual property.
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Ingka Group, the largest IKEA worldwide franchisee, was bracing to report a record deficit as a result of the pandemic until surging online sales helped it recuperate losses.
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The entire Dänisches Bettenlager retail network in Austria has been renamed as JYSK as part of a brand realignment exercise. It leaves the original brand name present in only one market worldwide.
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Roche Bobois, the premium French furniture maker, retailer and franchisor, increased control of its U.K. operation during the first half of 2020.
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Worldwide sales climbed for international furniture retailer JYSK in 2019–20 despite the impact of retail closures around the globe resulting from local lockdowns.
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The company behind the 78-store U.K. home and furniture chain HomeSense says the runway is long as it looks to capitalise on post-lockdown demand for its home-related merchandise.
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Delivered sales at both owned and franchisee-run stores surged for Roche Bobois in June as the prestige French furniture brand reopened its retail estate and began to clear its order backlog.
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Mobilux, parent company to French furniture chain BUT, has agreed to acquire furniture and electricals retailer Conforama France from Steinhoff International Holdings.
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The sale of the €100 million turnover Habitat furniture retail chain outside Britain and Ireland has moved a step closer after its French rights holder entered exclusive negotiations with a prospective buyer.
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Furniture retailer JYSK says it wants to drive environmental change throughout the business, and has hired a dedicated sustainability manager for the first time in its history.
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Global furniture retailer JYSK will today enter the Russian market for the first time, opening the first of four planned stores this year.
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Steinhoff International Holdings, part owner of Conforama and Mattress Firm, has appointed Moira Moses as the new chair of its supervisory board.
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Heather Sonn, who has led the supervisory board of Steinhoff International Holdings since soon after accounting irregularities came to light late 2017, has resigned as chairperson.
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French furniture and home accents retailer Maisons du Monde has given up plans to build a network of stores for its core brand in the U.S., and will instead focus on the Modani business it bought in 2018.
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Global furniture chain JYSK is spending €200 million building a new distribution centre in Hungary designed to meet its logistics needs across seven Central European markets.
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Williams-Sonoma, the U.S. headquartered furniture and homeware conglomerate, has announced the temporary closure of its stores in North America.
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Combined revenue at the divested U.K. furniture and mattress operations of Steinhoff International Holdings declined at a narrower rate in the final three months of 2019 compared to earlier periods.
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Cafom, the international rights holder of the Habitat brand, says the division made a smaller loss last year as it readied its sale to a new owner.
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Rolf Benz, the premium German furniture maker bought by Kuka owner Jason Furniture in 2018, has opened its first Japanese flagship showroom, adding to recent launches in China.
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Profits jumped 3.9 percent for global furniture superpower Lars Larsen Group in 2018–19 with Danish furniture wholesaler Actona among its standout performers.
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A private investor group led by the former U.S. national sales manager at Gloster Furniture has acquired North Carolina based upholstery producer Our House Designs.
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Otto Group, the diversified retail and logistics giant with global sales of €13.4 billion, has hired former Debenhams CEO Sergio Bucher to its executive board.
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The company behind the fast-growing U.K. operations of West Elm and Pottery Barn Kids recapitalised its British operation earlier this year, boosting its value.
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New product introductions including a higher proportion of furniture sales helped retail brand West Elm maintain top line momentum in the third quarter.
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Worldwide sales jumped 6.3 percent for entry-to-mid market Danish furniture chain JYSK in 2018–19 as it added 175 new stores across the globe, including its first in Ireland.
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Austrian furniture giant XXXLutz — one of the three largest retailers in the category worldwide — now operates across 12 European countries, though not yet the U.K.
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Beter Bed Holding has found a buyer for its troubled Matratzen Concord chain of 849 bed shops across Germany, Austria and Switzerland.
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Gabriel Scott's new Mayfair showroom.
Gabriel Scott, an upmarket furniture and lighting company based out 30,000sqft studios in Montreal, has opened a first U.K. showroom.
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The French distribution group behind the Habitat furniture retail brand outside the U.K. and Ireland says it plans to sell the business to focus on other interests.
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Roche Bobois, the high-end French furniture brand with stores in London, South East England and the North West, enjoyed a performance uplift in the U.K. in the first half of 2019.
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JYSK Nordic is the largest division in the group's worldwide structure.
The biggest retail division in the JYSK worldwide ecosystem booked 9 percent revenue growth in 2018–19, and says online is becoming a bigger part of its business.
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176 Blackfriars Road, London.
Pianca, the northeast Italian maker of products spanning premium made-to-measure bedrooms to modern upholstery, has acquired a Grade II listed Central London property.
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Ingka Group, owner of the bulk of IKEA's global store estate, has agreed to pay €136 million for an 80 percent stake in seven Romanian wind farms.
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Furniture and home accents retailer Maisons du Monde has opened a first-ever business-to-business (B2B) showroom as it looks to build a larger customer base in the office and hospitality sectors.
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The JYSK format continues to grow.
JYSK, the inexpensive Danish furniture and homewares retailer, will host an event for property owners in Dublin next week as it looks to accumulate a pipeline of prospective stores.
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Giorgetti, the upmarket Italian designer furniture manufacturer, is opening a first U.K. showroom after signing a lease for a unit in West London.
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West Elm's Tottenham Court Road, London flagship.
Revenue advanced double-digit for West Elm in the second quarter with the U.K. outperforming other international markets for the Brooklyn, U.S. headquartered furniture and home accents retailer.
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Lars Larsen
Lars Larsen, founder of the eponymous group that he built into one of the biggest furniture businesses in the world with annual sales north of €4.2 billion, has died. He was 71 years old.
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The new chief executive of Steinhoff International Holdings said its €9 billion debt pile is too high as he offered a vision of the future for the embattled conglomerate yesterday.
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Euromillions: Steinhoff advisors received a bumper payout for work done in the first half of 2018–19.
Advisors to Steinhoff International Holdings were paid €82 million in fees in the six months to end March as the conglomerate continued "complex and technical work" to complete its financial restructuring and stabilise the group.
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Philip Dieperink, the former U.K. and now group chief financial officer at Steinhoff International Holdings, is to leave the conglomerate December 31, 2019.
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Conforama is one of Europe's largest furniture retailers.
Conforama, the French furniture and electricals chain which last year generated sales of €3.4 billion, is to downsize its store estate and cut staff headcount.
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Crate and Barrel, the European-owned furniture retailer with stores across the U.S., has bought Hudson Grace, a boutique home décor, entertaining and gift brand based in San Francisco.
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Lars Larsen Group's new chairman Jacob Brunsborg.
Lars Larsen, chairman of the eponymous furniture group that owns global companies including JYSK, ILVA and Actona, is stepping down as chairman. His son, Jacob Brunsborg, is to succeed him with immediate effect.
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The conglomerate behind the West Elm furniture retail brand has identified key markets for its international expansion programme, with Western Europe and existing territories such as the U.K. among them.
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20-year IKEA veteran Sara Del Fabbro has been named chief executive of the retail conglomerate's business for the South East Europe region.
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West Elm, the American owned furniture retailer with an expanding U.K. business, enjoyed double-digit sales growth in the first quarter, parent Williams-Sonoma said last night.
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JYSK will focus on the North and Midlands. Its sole southern store to date, at Bournemouth, closed in 2018.
Danish value furniture chain JYSK has again reiterated plans to ramp up store openings with the aim of trebling its existing U.K. estate over the next half-decade.
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Maisons du Monde opened concessions in Debenhams last year.
Revenue climbed nearly 10 percent for Maisons du Monde in the first quarter with the French furniture and home décor retailer saying it expects to match that until the end of the year and deliver double-digit profit margins.
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JYSK launched a new format last summer.
Value furniture and homewares chain JYSK has reported another seven-figure UK loss after weaker gross margin and higher costs countered the impact of a leap in sales.
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Alexandre Nodale, the longtime Conforama CEO who additionally became deputy CEO of parent Steinhoff International Holdings at the back end of 2017, is stepping down from both posts.
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Roche Bobois, the high-end furniture vertical whose products are sold in 54 markets worldwide, grew profits as sales advanced in all regions bar one in 2018.
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Maisons du Monde cashflow weakened as it invested in stock.
International furniture and home accents retailer Maisons du Monde, which has substantial eight-figure UK sales, says it can grow another 10 percent this year as it builds out its store estate.
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Cafom, the French owner of the Habitat brand outside the UK, said the Gilets Jaunes movement has had a seven-figure impact on performance, but not enough to prevent its underlying business from growing.
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Customer orders are shipped from the distribution centre to a store of their choice.
Danish furniture retailer JYSK has added a pick-up in-store option for Internet customers as it seeks to drive cross-channel business in the UK and improve its delivery offer.
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Wayfair, the fast-expanding home furnishings etailer, has launched its first major television advertising campaign in Germany as it looks to scale its business there.
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Lars Larsen (inset), the eponymous owner of the group that owns retailers including JYSK and ILVA, two furniture chains with differing UK fortunes.
Lars Larsen Group, parent to Scandinavian furniture chains JYSK and ILVA, booked record profits of 3.6 billion Danish kroner (£421m) in 2017–18.
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Maisons du Monde, the French furniture and home accents retailer with a growing UK multichannel business, said sales continued to march late last year despite anti-Government protests hitting consumer expenditure.
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JYSK has named the locations of its first four Irish stores, all of which will be open by the summer of this year.
Danish value furniture retailer JYSK, which last year announced plans to launch in Ireland, has named the locations of its first four stores in the country, three of which will be opening in the spring.
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The company behind the six-store Habitat furniture retail chain in Germany has filed for insolvency, its France based parent said in a brief statement.
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IKEA will open its latest large format store February 7, 2019
Home furnishings conglomerate IKEA has set the opening date for its latest big-box UK superstore, at Greenwich in London.
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The Conran Shop will open its first stores in South Korea after agreeing a partnership with Lotte Department Store, a major retailer operating across the Korean Peninsula and Far East.
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Steinhoff International Holdings says the outcome of PwC's forensic investigation into historic accounting irregularities will not be ready as soon as hoped, forcing it to delay releasing audited 2017 and 2018 accounts until spring next year.
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JYSK, the Danish value furniture retail conglomerate, says its planned opening in Ireland next year will mean it has stores in every major European country.
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Steinhoff International Holdings, parent to UK chains Harveys and Bensons for Beds, says commercial director Louis du Preez will become its new chief executive officer with effect from January 1, 2019.
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Home furnishings giant Williams-Sonoma will take its West Elm, Pottery Barn and Pottery Barns Kids retail brands to India for the first time after signing a franchise agreement with a local partner specialised in Western consumer brands.
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Divests Scandinavian upholstery and cabinet business for nominal sum.
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It plans to leverage the IT, expertise and logistics of Modani for its Maisons du Monde test
Maisons du Monde, the French furniture and home accents retailer, is to pilot its core retail brand in the United States with a test store, tapping into the infrastructure of the Modani business it bought in the spring.
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UK sales declined for Roche Bobois in the first six months of 2018 but the upscale French furniture business said the territory held up well overall because of high average shopping basket values.
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New UK accounts for French furniture and home accents retailer Maisons du Monde put flesh on the bone regarding its claims Britain is among its fastest-growing markets.
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Markus Jooste, former CEO of Steinhoff International Holdings
Markus Jooste, the longtime CEO of Steinhoff International Holdings who resigned as the company revealed the existence of accounting irregularities late last year, says he had no knowledge of alleged impropriety.
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