A South Coast kitchens retailer that struggled to cope with a fall in demand after the Covid boom has completed an insolvent restructure.

Furniture suppliers who lost out when Oak Furniture House restructured just over a year ago have escaped a second hit following the closure of the successor company.

Kitchen chain Magnet closed nearly 5 percent of its U.K. store estate in the first three months of the year as its owner continues to transform its business here.

Imports of cabinet furniture climbed for the first time in well over a year in March on the back of improved figures in all of the living, dining, bedroom and office segments. Kitchen imports remained lower.

U.K. furniture manufacturers' turnover declined for a fifth month in a row in March, representing the sharpest year-on-year decline since February 2021.

London based furniture wholesaler Qualita is to widen its product roster for U.K. customers after acquiring the wholesale operations of Centrepiece International, a small case goods supplier.

The company behind the born-again Oak Furniture House retail brand has filed for insolvency, just over a year after its predecessor operation had been rescued in a deal that compromised creditors.

Profits at sliding storage and fitted furniture company IDS jumped by more than a third last year despite the tough market.

Howden Joinery Group (Howdens) says it has made an encouraging start to 2024 with underlying sales for the £2.3 billion vertical just above flat compared with last year.

Oak Furnitureland has become the latest retailer to tactically deploy interest free credit (IFC) to stimulate demand — reintroducing a lower threshold proposition.

Ballymena cabinet maker and retailer Woodland Kitchens has acquired Dundee fitted furniture manufacturer JTC in a deal that creates a circa £50 million manufacturing operation.

Three furniture retailers under common control have withdrawn a cabinet programme from sale following a legal challenge by Core Products, the Scottish furniture supplier.

Bedroom and kitchen furniture manufacturer and retailer Ashley Ann says its results for 2022/23 are disappointing and reflect overhead and energy costs reaching their highest levels in a generation.

Cabinet imports fell for a 15th month in a row on a year-on-year basis as weak living/dining figures outweighed improvement in bedroom and home office furniture.

But revisions mean earlier declines were not as bad as first reported, new and updated figures from the Office for National Statistics show.

Ultra high-end North Wales furniture manufacturer Silverlining maintained profits last year despite rising costs and flat sales.

Upmarket kitchen and bedroom furniture maker and retailer John Lewis of Hungerford returned to profit last year thanks to a gain on the disposal of property.

Nobia, the parent company to kitchen retail chain Magnet, plans to further consolidate its U.K. manufacturing assets with its factory in Halifax to be closed and repurposed.

Direct-to-consumer cabinet furniture maker Strachan felt the impact of higher costs and lower demand last year as it slipped to its first loss on public record.

Linley, the ultra high-end furniture maker, retailer and interior design company, says it hopes to cut the cost of its outstanding borrowings with its bank debt almost due to be repaid.

Workers at furniture supplier Kettle's Vietnamese factory have been paid all outstanding wages after an initial delay when the plant was closed earlier this year. The sale of assets in Vietnam is also expected to raise funds for suppliers still owed money.

Oak Furnitureland will this weekend open its first new store in three years as it brings the brand to Grimsby for the first time. It is also trialling a new, lower threshold for its interest free credit (IFC) proposition.

A one-time £18 million turnover Scottish fitted furniture company based in Cumbernauld has succumbed to grim trading conditions and a tough demand environment.

Cabinet imports into the U.K. declined in January on the back of continued weak figures in the living/dining product segment. Kitchen shipments also fell, while bedroom and home office furniture arrivals were higher.

Cabinet furniture supplier Devonshire returned to positive cashflow last year as it cut costs and worked down stock levels amid falling output.

The rescuer of Harvey Jones paid £400,000 to acquire the business and assets of the 27-store kitchens vertical in a deal that compromises the debts of both secured and unsecured creditors.

U.K. furniture manufacturers' output declined for the third straight time in January, but the rate of decline was shallower than in each of the two preceding months.

The U.K. beds market declined but still outperformed all of the upholstery, cabinet and carpet markets last year according to provisional 2023 data that combines production for domestic consumption with goods brought in from abroad.

The owners of made-to-measure cabinet maker Longpre Furniture have secured the future of the manufacturing business via a prepack administration process.

Tvilum, the circa £180 million turnover Danish flatpack cabinet furniture manufacturer, has named the CEO of a compatriot logistics company as its new chief financial officer.

Kitchens conglomerate Nobia, owner of national retail chain Magnet, has appointed George Dymond as executive vice president and head of region, U.K.

One-time major player in the U.K. cabinet furniture maker says earnings decline down to drop-off in revenue.

The South Wales company that rescued Mereway Kitchens last summer has emerged as the largest non-tax creditor following the manufacturer's second insolvency inside six months.

Clicks-to-bricks furniture retailer The Cotswold Company is to open its tenth full-line store and its second in the North of England as it continues its physical store buildout.

Kitchens giant Howden Joinery Group (Howdens) has pushed deeper into the bedroom cabinet category after a pilot launch into the product segment ahead of peak trading delivered positive results.

Ercol Furniture (ercol) has announced the departure of longtime creative director Rachel Galbraith, with chairman Henry Tadros to now take an active role in the creative direction of the brand.

Higher operating and sales costs harmed profit margins at Elland based furniture supplier Andy Thornton last year, negating a large increase in output.

Kristoffer Ljungfelt, currently Nobia’s executive vice president for the U.K. market, is to succeed Jon Sintorn as the kitchen conglomerate's chief executive officer.

High-end kitchens retailer Harvey Jones has changed hands following a prepack asset buyout that secures the jobs of all 140 of its employees.

Full year living and dining cabinet furniture imports fell to their lowest level in seven years in 2023 and by more than £270 million on the preceding year. Bedroom furniture imports also fell, but at a shallower rate.

A newco created by a multi-million pound Derbyshire kitchen worktop company has bought the business and assets of a nationally-operating competitor out of administration.

Kitchen retailer Magnet is looking for capital-efficient retail estate expansion and has opened the first of three pilot concessions in partnership with a leading U.K. builders' merchant. More are planned.

Nobia, owner of U.K. kitchens retailer Magnet, has agreed a second major disposal inside a week after agreeing to sell Austrian business unit ewe in a deal worth up to €26.5 million.

27-store kitchens retailer Harvey Jones has gone back to court to seek more time to get a restructuring deal with potential investors over the line — a move that gives it extra leeway in discussions regarding its future.

Restructuring advisors that handled the fallout of the 2020 prepack rescue of Oak Furnitureland say that may seek to have their as-yet-unpaid fees revised upwards.

A North West company that describes itself as the U.K.’s leading supplier of loose contract furniture has successfully applied to court for protection from creditors.

U.K. furniture manufacturers' combined turnover fell in double-digit percentages in December as weaker volumes combined with a falling away of price inflation in the category to hold back sales.

Kitchen conglomerate Nobia is selling its Dutch manufacturing business Bribus for €64 million and says it will now be wholly-focused on the U.K. and Nordic markets.

Neville Johnson, the upmarket fitted furniture vertical that sells direct to the consumer, said it has cut costs to align with reduced demand after a challenging year where revenue and margins took a hit.

Midlands kitchen manufacturer Mereway Kitchens has ceased trading after a second insolvency inside six months for a company operating the brand.

Harvey Jones has sought protection from creditors while it talks with potential investors and stakeholders regarding a restructure of the upmarket kitchens retail business.

Cabinet maker Simpson and Liddard has been awarded the Manufacturing Guild Mark for business excellence by The Furniture Makers’ Company, the City of London livery company and furnishing industry charity.

The company behind retail brand Julian Charles diversified into hard furniture categories such as bedroom cabinet, bedsteads and mattresses heading into peak season last year, expanding beyond its core soft furnishings programme.

Upholstery and cabinet wholesale and manufacturing group Actona says furniture sales volumes across Europe fell sharply last year, putting its own revenue and profits under elevated pressure.

British Furniture Manufacturers (BFM) has agreed a partnership with Verisio that gives its members a cost effective route to tracking ethical compliance.

The CEO of Oak Furnitureland says the business achieved profitability at the operating line on a trailing twelve month basis last year as it prepares to open its first new store since the buyout of the business back in 2020.

Living and dining cabinet shipments declined by more than a quarter in November on weak data from Malaysia, Singapore and the U.S.

Earnings before non-cash costs were positive for the second straight year for Ercol Furniture in the immediate post-pandemic period as the Buckinghamshire manufacturer recorded its narrowest net deficit in five years.

The average pay award for workers at U.K. furniture factories will be 4.9 percent this year, according to the British Furniture Manufacturers' (BFM) latest Wages Survey.

Output at the furniture factory gate was lower for the eighth consecutive month in November as U.K. producers continued to struggle for new orders.

Revenue, profits and cash all climbed for furniture importer Seconique through the year to end June with the West Midlands distributor saying it has made further gains since.

The company behind ecommerce brand Oak Furniture House and two other furniture web properties has temporarily ceased taking new orders while it resolves a series of challenges that have beset the business.

Creditors have agreed a company voluntary arrangement (CVA) with Northern Ireland bedroom furniture vertical Sliderobes Group and two subsidiaries, including one based in the South East of England.

Vertically-integrated cabinet maker and retailer Starplan Furniture booked lower profits last year on thinner margins and a decline in output.

Cabinet furniture wholesaler Papaya Trading has further strengthened its sales force with the appointment of a third new agent inside a few months.

A furniture family that majors in the supply of upholstery and mattresses to IKEA has joined forces with a private equity group to acquire wood-based panels supplier Pfleiderer Polska from Strategic Value Partners (SVP).

North East living, dining and bedroom wholesaler Baker Furniture has taken two-year capital expenditure to over £1.7 million as it continued to invest against a backdrop of rising costs and decelerating demand.

Core furniture exports out of the U.K. declined for the fourth straight month in October despite higher demand from the number one export market.

The group behind Decorative Panels Furniture, the U.K.'s largest flatpack cabinet maker, stepped up investment through 2022/23, with the highest capital expenditure programme in its history.

Consumer household furniture prices stabilised in November, as official data showed a first rise in inflation in the category in nearly a year and a half. By contrast, stubbornly-high flooring inflation eased to a 33-month low.

Upmarket cabinet maker and retailer Martin Moore Furniture slipped to a loss through 2022/23 after rising operating costs negated the impact of higher output.

Nobia CEO and president Jon Sintorn will leave the kitchen group next June, sparking a recruitment process for a successor.

Imports of wood bedroom cabinet into the U.K. fell for the second straight month in October on weaker data from trading partners in mainland Europe. Despite the decline, they remain at a historically elevated level.

Swoon is entering the kitchen furniture market after launching a product collaboration with Harvey Jones, the semi-national high-end kitchen retailer.

North Wales bedroom and living room cabinet manufacturer Welcome Furniture made strides in the contract sector through 2022/23 but rising costs and the difficult macro economic backdrop impacted its bottom line.

Shipments of wood living and dining cabinet fell by just over a third on last year in October as weak demand combined with strong comparative figures.

Turnover at the factory gate declined for the seventh straight month in October on a year-on-year basis, but at the shallowest rate since May.

Liquidation impacts around 20 jobs at East of England kitchen, bedroom, home study maker and retailer.

Outdoor furniture supplier Alexander Rose has cut inventory levels by more than a third over the past six months as the business returned to profit after the disruption of the immediate post-Covid period.

Outdoor furniture supplier Alexander Rose booked a large deficit in the 18 months to end February 2023 as delayed containers led to cancelled orders along with elevated demurrage and storage costs.

Lancashire fitted furniture components supplier HPP booked lower profits through 2022/23 as higher output was outweighed by rising costs.

Optimism among furniture makers about the trading environment has faded according to an updated poll of its members by the trade association British Furniture Manufacturers (BFM).

German kitchen giant Nobilia is closing in on 80 stores for its franchised Kutchenhaus brand with another nine locations slated to open soon, adding to those already opened so far this year.

Shipments of living and dining wood furniture arriving into the U.K. continued their year-long tumble in September, falling sharply on the same month last year.

Bedroom cabinet furniture imports into the U.K. declined double-digits in September with Brazil proving the outlier after a climb in the value of container loads of products arriving from South America's largest country.

Upmarket furniture design, wholesale and retail group Neptune has pinned a hefty 2021/22 loss on shipping cost inflation but says it has made a swift return to profit after making cost savings and restructuring its leadership team.

U.K. furniture manufacturers recorded an eighth straight year-on-year decline in turnover at the factory gate in September according to new official data out Friday morning.

A French retailer with a U.K. turnover of £75 million has agreed to pay damages and costs to Cambridgeshire cabinet furniture supplier Teemo Designs after an intellectual property (I.P.) dispute.

Clarion Events says exhibition space in Hall 1 of the January Furniture Show has now sold out, more than two and a half months before the doors to the event open.

Castle Donington furniture wholesaler Birlea has revealed its new-look logotype and corporate identity amid an expanded product roster and new senior managerial appointment.

Bespoke kitchens and furniture supplier Christopher Peters Kitchens & Interiors has been placed into liquidation with consumers owed in excess of £400,000.

Four major Chinese furniture manufacturers saw their share prices fall to a year-long low on Monday as a sell-off among the country's largest companies spread across the Shanghai Stock Exchange.

Benchmark, the premium cabinet furniture manufacturer co-founded by the late Sir Terence Conran and md Sean Sutcliffe, grew profits through 2022/23 as wider margins offset lower revenue.

Privately-owned Wiltshire cabinet manufacturer Sylvawood Furniture has been placed into administration.

Weak demand for cabinet continued at the height of the summer as the value of wood living, dining and bedroom goods maintained the trend of falling in every month so far this year.

Turnover at the furniture factory gate fell at its sharpest rate in two and a half years in August, according to new official data released Thursday morning.

British Furniture Manufacturers (BFM) will bring a new approach to connecting buyers and sellers at its inaugural Future Component Expo (FCExpo) next year by hosting an Innovation Trail.

Restructuring advisors have queried an asset sale that led to a new entity under common control taking over the retailer trading as The Children's Furniture Company earlier this year.

Two experienced managers have acquired Cheshire furniture maker and retailer Bluebell Fitted Furniture in a leveraged buyout that provides an exit path for the business' two founders.

Wren Kitchens has replatformed one of its factories as a dedicated bedroom furniture plant as it rolls out displays of its fitted bedroom offer across its entire 100+ store retail network.

A two-store furniture retailer has settled with Core Products after it was accused of copying several of the Scottish cabinet supplier's designs.

Swedish kitchen giant Nobia has finalised the sale of its freehold manufacturing property in Dewsbury in an all-cash deal worth £13.6 million.

Oak Furnitureland is launching Grow Your Home, a new integrated brand platform and campaign designed to highlight its transition from hardwood furniture specialist to whole-home retailer.

Narrower gross margin and lower output saw furniture importer and wholesaler Annaghmore Agencies record a loss last year against a backdrop of challenging conditions.

The Swedish investment company that acquired Julian Bowen in 2021 collected bumper dividends from the wholesaler last year, as it delivered profits that remained class-leading albeit down on a pro-rata basis.

Retail giant Dunelm said its share of the furniture market was flat through 2022/23 with gains in some big-ticket categories partially negated by weaker sales in others.

Imports volumes across key case goods categories climbed for the first time in well over a year at the height of summer, driven largely by lower prices.

The insolvent buyout of Midlands kitchen maker Mereway by South Wales based Sigma 3 leaves most creditors nursing an expected shortfall, according to a new report.

British Furniture Manufacturers (BFM) is moving its longstanding fabric show to a new dateline and venue and will run it alongside the inaugural Furniture Component Expo in 2024.

U.K. factory gate furniture turnover declined at its sharpest rate in 29 months in July but the Office for National Statistic (ONS) says the previous three months were not as bad as originally reported.

Bluebone Imports worked down stock levels and rebuilt its balance sheet though 2022/23 ahead of it bringing back a popular brand to the U.K. market this autumn.

The U.S. ready-to-assemble cabinet maker that owns brands including Eden Bridge Designs says it plans to cease operations at its dedicated U.K. subsidiary company.

Lancashire fitted furniture manufacturer J&J Ormerod (JJO) agreed a new multi-million credit facility last year as it continued to fund the purchase of a majority stake in the business by its employees in 2021.

More key figures have an equity stake in the Cotswold Company after a series of summer share issues that dilute the interest of the £93 million furniture retailer's longtime private equity backer.

Experienced kitchen industry executive Damian Sheridan has joined Wren Kitchens in a newly-created role aimed at galvanising its launch into the developer and house builder market.

A high-calibre cabinet vertical owned by the founders of Pinetum, once one of the largest cabinet makers in the UK., has reopened its Wiltshire showroom following a complete rebuild.

West Midlands importer and wholesaler Heartlands Furniture built inventory to never-before seen levels last year amid industry-wide stock accumulation.

The South Wales group that rescued Midlands kitchen manufacturer Mereway last week did so through a new corporate entity.

A freight forwarder later named one of the largest unsecured creditors of Kettle Interiors U.K. had become its landlord three months before the furniture wholesaler's insolvent restructure earlier this year.

Softer trading impacted the performance of the ecommerce company behind Italian upholstery and cabinet furniture brands SofaItalia and Oak World last year.

BeA Group U.K. has become the second headline sponsor of Furniture Component Expo, the new trade show taking place next spring.

Half-year living, dining and bedroom cabinet imports declined by more than a third after falling in every single month of 2023 so far.

Higher output wasn't enough to deliver improved profits at high-end kitchens and bedrooms company Roundhouse last year after rising costs mitigated sales growth.

Consumer prices rise for household furniture eased to their lowest level in over two years last month, but flooring inflation remains stubbornly high.

U.K. furniture manufacturers' turnover declined for the fourth month in the past five in June and at its steepest rate since the start of 2021.

The cabinet furniture manufacturing and wholesale giant behind businesses ranging from Lacquer Craft and Universal through to Legacy Classic has issued a profits warning.

Higher sales, business model adjustments and restructuring helped Furniture Wholesale Group reverse the effects of the most challenging year in its history.

One of the U.K.'s most prominent privately-owned kitchen manufacturers has filed a notice of intention to appoint an administrator (NOI) in a move that protects the company from creditor action.

Lower demand for U.K. made goods from Ireland, particularly mattresses, hit furniture exports ahead of the summer, according to new data. Upholstery exports held up stronger.

A company voluntary arrangement (CVA) has lightened the debt burden for a South London based interior design company after it accumulated six-figure tax liabilities.

Imports of wood living, dining and bedroom cabinet furniture declined for a sixth straight month by value in May on weak data from the Far East.

Profit growth returned for the U.K. dropshipping company behind the Artisan Furniture and PD Global brands in the past year.

Cousins Olivier and Antoine Roset have succeeded their respective fathers Michel and Pierre Roset as co-CEOs of Ligne Roset as the high-end furniture company enters a new phase in its near 100-year long history.

Belgian furniture supplier Ethnicraft is to make an $18 million (£14m) investment in its U.S. operation by building a new North Carolina facility that will expand and consolidate capacity.

Furniture wholesaler Lassic chalked up lower profits in 2021/22 as the Bradford company absorbed rising costs from freight and its supply chain.

The rescue of the West Midlands furniture wholesaler Serene earlier this year saved 35 jobs but compromised the debts owed to creditors including HMRC and suppliers.

The Doncaster kitchen group behind brands such as Sheraton and Chippendale cut borrowing last year in a period when sales jumped by more than a fifth again.

Year-on-year furniture turnover at the factory gate declined for the second straight month in May according to figures out Thursday morning from the Office for National Statistics (ONS).

HMRC and the now-defunct Kettle Interiors U.K. company were the two main creditors of Kettle Interiors Agencies, which was placed into insolvency shortly after its larger associate.

Losses widened at kitchen and bathroom cabinet maker Burbidge Holdings last year as rising costs and thinner margins negated an increase in output.

Bedroom furniture manufacturer and retailer Hammonds built sales, cash and profits last year and used some of the proceeds to retire outstanding debt.

Jason Bannister has taken a board seat on the Oak Furniture Superstore trading company for the first time since he and others acquired an equity stake in the challenger case goods retailer.

The Symphony fitted kitchen, bedroom and bathroom furniture manufacturing group took two-year capex to nearly £50 million and expanded its staff headcount through 2022.

Furniture import and wholesale company Bentley Designs (U.K.) maintained profits last year as exchange gains helped counter the impact of lower sales and the inflationary trading environment.

Profits declined at Lincolnshire furniture wholesaler Classic Furniture (Binbrook) last year as thinner margins countered rising output.

A buyer has been found for the Co. Monaghan factory of cabinet furniture manufacturer Gola Wood Works after the company succumbed to market pressures earlier this year.

The Vita Group, the diversified supplier of foam, underlay and maker of finished mattresses, is to be the headline sponsor of the inaugural Furniture Component Expo.

Coach House, the £64 million furniture, interiors and giftware wholesaler, has expanded its footprint in London with the opening of a new, larger trade showroom in Chelsea.

The value of wood living, dining and bedroom furniture imports fell for the 13th straight month in April on continued weak trade with the Far East.

U.K. furniture manufacturers' turnover fell on a year-on-year basis for only the second time in 26 months in April, according to new Office for National Statistics (ONS) data.



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