Cabinet: Living, dining, bedroom, home office and kitchen furniture
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- SUPPLY & WHOLESALE
Restructuring advisors handling the insolvency of Kettle Interiors U.K. say legal action may be necessary to facilitate the collection of a portion of the furniture wholesale company's debtor book.
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- SUPPLY & WHOLESALE
U.K. tax authorities face the biggest shortfall from the fallout of the restructuring of the Kettle Interiors U.K. furniture wholesale operation earlier this year, despite being near the front of the queue for a payout.
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- CASE GOODS
The closure of a flatpack furniture maker earlier this year has resulted in the liquidation of a co-controlled ecommerce retail business trading as Devoted2Home.
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- ECOMMERCE
The insolvent restructure that wiped out the equity interest of the founder of ecommerce retailer Oak Furniture Superstore has resulted in elevated stakes for other shareholders, including the founder of Oak Furnitureland.
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- SUPPLY & WHOLESALE
Corporate reorganisation follows spring 2022 takeover by Norwegian furniture conglomerate.
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- SUPPLY & WHOLESALE
Major furniture supplier Global Home Group has written to retailers outlining price cuts across a number of its established cabinet collections, following through on a promise made last year.
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- TRADE & INDUSTRY
Exports of core furniture products such as mattresses, sofas and dining sets inched higher in the first quarter of 2023, rising to the highest level in four years.
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- CASE GOODS
The value of wood living, dining and bedroom cabinet imports dropped for the fourth month in a row in March on the back of lower figures from China and Vietnam.
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- SUPPLY & WHOLESALE
A £7.4 million rise in revenue failed to lift profits at a London based contract furniture provider as it grappled with rising shipping and product costs through 2021/22.
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- TRADE & INDUSTRY
Raw material price inflation has eased only to be usurped by rising costs elsewhere, according to a poll of U.K. producers by the British Furniture Manufacturers (BFM).
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- SUPPLY & WHOLESALE
Higher prices and the completion of winter sales orders kept U.K. furniture factories busy as turnover at the factory gate reached an all-time high landmark in March.
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- EVENTS
W Exhibition, the U.K. trade show for the furniture manufacturing and joinery industries, has rebranded as Materials & Finishes Show ahead of its scheduled return in Birmingham next year.
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- RETAIL & DISTRIBUTION
John Lewis of Hungerford has agreed the £3 million sale and leaseback of its Oxfordshire factory amid wider plans to save cash by delisting from the Alternative Investors Market (AIM) of the London Stock Exchange.
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- DEALS & FINANCE
The md of the Yorkshire distribution company that bought the Corian solid surface material to the U.K. home furnishings market has completed a management buyout.
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- COMMUNITY
Edward Tadros, chairman of family-owned furniture maker Ercol until the summer of last year, has been awarded the Lifetime Achievement Award by The Furniture Makers’ Company, the City of London livery company and furnishing industry charity.
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- LEGAL & RESTRUCTURING
Consumer creditors and the tax authorities are the biggest losers from the fallout of the closure of an award-winning Yorkshire kitchen vertical that had built its ethos around sustainable design and manufacturing.
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- CASE GOODS
Gola Wood Works, a cabinet furniture company registered at Downpatrick, County Down, has been placed into administration through restructuring advisors at KPMG.
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- CASE GOODS
Bedroom furniture manufacturer Home Decor has seen its liabilities slashed thanks to a loan waiver from its longtime private equity backer.
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- RETAIL & DISTRIBUTION
U.K. kitchen giant Wren has expanded its showroom network in North America as it looks to build on major investment in manufacturing in the U.S. market.
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- SUPPLY & WHOLESALE
Restructuring advisors trying to recoup funds for the estate of an insolvent cabinet furniture retail business could result in a non-trading property company being placed into administration.
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- RETAIL & DISTRIBUTION
Magnet owner Nobia said first quarter revenue declined in the U.K. as it began a wide-ranging restructuring programme that sees the closure of two kitchen factories here and other business model adjustments.
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- RETAIL & DISTRIBUTION
Sharps continued to generate high adjusted profits according to new figures that concurrently disclose the terms of the furniture chain's sale to a new private equity backer for the first time.
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- TRADE & INDUSTRY
Seven companies from the across the U.K. furnishings sector claimed King's Awards for Enterprise, including two for the Harrison Spinks beds, components and fillings group in Leeds.
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- SUPPLY & WHOLESALE
Ercol Furniture (ercol) is launching two of its best-loved designs in British ash with the Princes Risborough manufacturer saying it wants its backing for home-grown timber to be an example for the industry.
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- SUPPLY & WHOLESALE
Rob Freeman and Kirstie McIntosh have been promoted to new roles at Frank Olsen Furniture, the supplier of living room, AV and bedroom cabinets featuring integrated tech such as wireless charging and voice-controlled lighting.
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- TRADE & INDUSTRY
Consumer price inflation for household furniture eased to a 19-month low in March while input cost inflation at the furniture factory gate fell to its lowest level in over two years.
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- CASE GOODS
Imports from India and Vietnam halved in February to send overall timber living, dining and bedroom furniture shipments down by a quarter compared with last year.
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- CASE GOODS
Furniture vertical Ashley Ann took two-year capital expenditure to well over £2 million as it invested heavily during what proved a stronger year for the Scotland based kitchens, bedrooms and bathrooms business.
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- TRADE & INDUSTRY
The value of U.K. furniture manufacturing turnover declined on an annual basis for the first time in two years in February, official data out Thursday morning showed, but January figures were better than first reported.
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- CASE GOODS
Profits climbed for made-to-measure cabinet maker Strachan last year as the direct-to-consumer company maintained its upwards revenue trajectory.
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- SUPPLY & WHOLESALE
The owners of a Birmingham bedding company have completed a buyout of Serene Beds and Furniture in a deal that secures the future of the West Bromwich wholesaler.
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- CASE GOODS
Restructuring advisors handling the insolvency of Kettle Interiors U.K. have enlisted agents to sell a substantial quantity of cabinet furniture that was not included as part of the asset sale agreement with newco Kettle Home.
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- SUPPLY & WHOLESALE
Restructuring advisors say they accepted the offer from newco Kettle Home for the assets of Kettle Interiors U.K. only yesterday (Mar. 29, 2023) after what it described as an open marketing process that attracted significant interest from here and abroad.
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- SUPPLY & WHOLESALE
Newly-formed company Kettle Home is the new owner of assets including intellectual property and inventory after wholesaler Kettle Interiors U.K. was placed into administration last Friday.
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- SUPPLY & WHOLESALE
Living, dining and bedroom furniture supplier Teemo has appointed former Made.com general manager Kevin Guillaume as chief operations officer Southeast Asia.
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- SUPPLY & WHOLESALE
Furniture wholesaler Kettle Interiors U.K. has been placed into administration with all 126 of its employees made redundant, restructuring advisors have confirmed.
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- SUPPLY & WHOLESALE
A court has handed West Midlands cabinet, mattress and bedframe importer and wholesaler Serene Beds and Furniture another ten days to reorganise its affairs.
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- EVENTS
20 U.K. exhibitors will show at Interzum next month as the manufacturers' event returns with sustainability high on its agenda after a four-year absence.
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- ECOMMERCE
The managed wind down at South Yorkshire ready-to-assemble cabinet manufacturer Addspace Furniture has had knock-on effects for a co-controlled ecommerce retailer.
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- SUPPLY & WHOLESALE
Stakeholders in wholesaler Kettle Interiors U.K. are working to complete a restructuring process that will secure the future of the Corby based furniture supplier.
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- RETAIL & DISTRIBUTION
Creditors of Mark Harris Furniture, the furniture wholesale and retail company whose assets were sold via a prepack buyout last month, were owed more than £14 million at the time of the restructure.
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- RETAIL & DISTRIBUTION
A longstanding Lincoln case goods furniture retailer will close next week following its owner's decision to retire.
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- SUPPLY & WHOLESALE
The near-term future of West Midlands beds and cabinet furniture distributor Serene Beds and Furniture is uncertain after a court filing on Monday.
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- CASE GOODS
The value of case goods imported into the U.K. fell to its lowest level in 18 months at the beginning of 2023 after overstocked distributors and retailers put the brakes on orders last autumn.
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- SUPPLY & WHOLESALE
British furniture manufacturers made a positive start to 2023 with output climbing compared with January last year. December figures have also been revised upwards.
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- SUPPLY & WHOLESALE
Pine and hardwood cabinet furniture distributor Devonshire remained profitable through 2021/22 as wider gross margin helped mitigate lower output.
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- RETAIL & DISTRIBUTION
The founder of Oak Furnitureland continues to have an equity interest in rival brand Oak Furniture Superstore following the division of that retailer's assets via an insolvent restructure last month.
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- SUPPLY & WHOLESALE
The shutdown of the U.K. arm of Sweden-headquartered furniture brand Rowico is entering its final stages as restructuring advisors clear the last of its remaining inventory.
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- SUPPLY & WHOLESALE
East Midlands furniture importer and distributor Birlea has introduced a new price list with reductions of an average 11 percent across its entire product roster.
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Shipping pressures and dealing with the aftermath of the pandemic meant last year was the most challenging yet, according to bedroom furniture and upholstery distributor Furniture Wholesale Group (FWG).
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- RETAIL & DISTRIBUTION
National kitchens retailer Wren is to diversify its product range with the launch of Wren Bedrooms, expanding its customer offer into fitted wardrobes, chests, dressers and standalone items.
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- DEALS & FINANCE
Ownership change at Yorkshire cabinet furniture and mattress retailer Room To Grow.
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- RETAIL & DISTRIBUTION
Premium kitchen maker Poggenpohl has retimed the relaunch of one of its flagship U.K. showrooms for a second time.
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- RETAIL & DISTRIBUTION
A property company under the control of the owner of an oak furniture retailer that only last month completed an insolvent restructure has filed a notice of intent to appoint an administrator (NOI).
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- LEGAL & RESTRUCTURING
Customer deposits represented a third of the debts of a now-closed Northern Ireland based bedroom and kitchen furniture manufacturer and retailer that traded across the U.K. and Ireland.
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- CASE GOODS
Revenue from flatpack furniture kits declined by more than £10 million through 2021/22 but higher sales from other activities helped West Yorkshire cabinet group Decorative Panel still find double-digit growth.
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- RETAIL & DISTRIBUTION
Vince Gunn, managing director of upholstered furniture brand Snug for the past two years, has been appointed chief executive at upmarket kitchen retailer Harvey Jones.
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- SUPPLY & WHOLESALE
U.K. furniture makers' turnover declined on an annual basis for the first time in almost two years in December as weak demand through the autumn impacted production at the end of the year.
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- SUPPLY & WHOLESALE
Alan Sweeney has stepped down as Alfrank Designs CEO after almost 17 years to launch a new agency and sourcing business with one of Ireland's leading furniture buyers. He will continue to work with the dining and occasional furniture supplier on a part-time basis.
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- SUPPLY & WHOLESALE
Restructuring advisors handling the insolvency of the U.K. arm of bedroom and dining resource Rowico say they are clearing inventory following their appointment last month.
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- SUPPLY & WHOLESALE
The U.K. future of international bedroom and dining furniture resource Rowico is unclear after its wholly-owned business unit here was placed into the hands of restructuring advisors late last month.
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- SUPPLY & WHOLESALE
Profits left in the company advanced again for Northern Ireland based dining furniture wholesaler World Furniture (NI) last year as the supplier continued to build value.
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- CASE GOODS
The closure of a 13-store kitchens vertical late last year has left its South Yorkshire owner with little prospect of recovering a seven-figure debt that was a hangover from its takeover nearly seven years ago.
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- LEGAL & RESTRUCTURING
Turnaround firm Antony Batty & Company lined up as a potential restructuring advisor at small cabinet producer.
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- SUPPLY & WHOLESALE
Import volumes of wood living, dining and bedroom cabinet furniture have now trended lower in every month since March last year, according to new figures.
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- RETAIL & DISTRIBUTION
Starplan Furniture booked record sales and profits through 2021/22 as demand surged for the fitted and freestanding cabinet maker and retailer.
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- SUPPLY & WHOLESALE
U.K. furniture manufacturing turnover rose at below-inflation levels for a third straight month in November according to data out Friday morning.
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- SUPPLY & WHOLESALE
The md of Ercol Furniture [ercol] says the Buckinghamshire manufacturer remains focused on further building U.K. production after it returned to profit in 2021 and maintained that level last year.
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- SUPPLY & WHOLESALE
Birlea Furniture says the first Disney furniture and home ranges since it agreed an exclusive U.K. and Ireland distribution deal are due to be in stock early February.
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- TRADE & INDUSTRY
Most furniture makers plan to make pay awards to staff this year according to the annual wages survey carried out by British Furniture Manufacturers (BFM), the trade association.
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- SUPPLY & WHOLESALE
Living, dining and bedroom wholesaler Balmoral Furniture booked higher profits last year as revenue increased and margin widened as a result of fewer restrictions.
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Revenue climbed by more than half for North East living, dining and bedroom cabinet distributor Baker Furniture through 2021/22 as it yielded the early benefit of its new distribution centre.
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- RETAIL & DISTRIBUTION
Britain's largest hardwood cabinet retailer Oak Furnitureland achieved revenue growth amid rising costs in the year to end June, and says the expansion of its upholstery offer has delivered an autumn boost.
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- SUPPLY & WHOLESALE
Furniture wholesale group Seconique built year-end stock levels by more than £8.5 million in a trading period pockmarked by supply chain challenges.
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- SUPPLY & WHOLESALE
The start of the final quarter saw living, dining and bedroom cabinet shipments climb for the first time in four months as U.K. buyers found alternatives to China.
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- RETAIL & DISTRIBUTION
Upmarket fitted furniture vertical John Lewis of Hungerford marked its 50th anniversary with record sales and even higher order levels, though profits declined on rising costs.
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- CASE GOODS
The South Yorkshire cabinet maker behind the Spaceslide and Spacepro bedroom furniture brands is not impacted by the insolvency of the kitchen retail business it bought six years ago.
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- SUPPLY & WHOLESALE
British furniture makers' turnover growth accelerated at the start of the fourth quarter despite the uplift in exports being the weakest since February 2021.
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- LEGAL & RESTRUCTURING
A Derbyshire kitchens business has folded without warning after taking almost £350,000 of deposits, leaving orders unfulfilled and consumers facing a challenge to recoup funds.
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- SUPPLY & WHOLESALE
Vida Living, one of the largest suppliers of furniture to the U.K. market, found big sales growth last year but profits declined as rising input costs meant gross margin narrowed.
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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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- DEALS & FINANCE
The East of England furniture holding company that acquired a chunk of a longtime Argos flatpack furniture supplier earlier this year has revealed the financial terms of the transaction for the first time.
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Welcome Furniture took on additional debt as it invested millions of pounds building additional capacity through 2021/22, new figures show.
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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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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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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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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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Jason Bannister has increased his stake in an emerging rival to the Oak Furnitureland business he founded 16 years ago, and joined its board of directors.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- RETAIL & DISTRIBUTION
Clicks-to-bricks cabinet retailer shortens financial reporting period by a single day for the second time in the past three months, extending its filing deadline.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
Actona Group found top line gains as the Danish furniture conglomerate expanded its global activities through acquisitions in 2021/22.
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- TRADE & INDUSTRY
The rate of British furniture manufacturing growth climbed for the first time in three months in August, according to official data released Wednesday morning.
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- TRADE & INDUSTRY
The U.K. is the single largest importer of Brazilian furniture across all of Europe despite a decline on last year, according to new figures from a promotional organisation affiliated to the Brazilian Government.
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- REGIONAL
U.K. tax authorities face the largest shortfall after the planned permanent closure of privately-owned Leicestershire retailer Furniture Loft went awry earlier this summer.
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- SUPPLY & WHOLESALE
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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- RETAIL & DISTRIBUTION
A fast-growing wholesaler and ecommerce oak furniture retailer has the backing of one of the most prominent industry founders of the past two decades following an investment earlier this year.
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- SUPPLY & WHOLESALE
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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- RETAIL & DISTRIBUTION
Retained profits at a Scottish fitted furniture vertical were wiped out last year as the company battled an outsized impact from Covid restrictions that impacted its business model.
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- RETAIL & DISTRIBUTION
High-profile furniture industry executive Suzy McMahon is leaving Sofology to take up a newly-created role at Oak Furnitureland, the U.K.'s largest hardwood furniture retailer.
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- TRADE & INDUSTRY
Furniture makers' output remained positive on a year-on-year basis during the height of the summer though growth was the weakest since lapping the start of the pandemic.
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- SUPPLY & WHOLESALE
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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- RETAIL & DISTRIBUTION
A fast-emerging ecommerce furniture retailer and wholesaler booked large seven figure profits through the pandemic and ahead of external investment earlier this year.
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- UPHOLSTERY
Rising prices and increases in the value of both domestic production and imports helped the U.K. sofa market reach an all-time highest value last year, beating the previous record set in 2016.
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- SUPPLY & WHOLESALE
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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- ECOMMERCE
Ecommerce-led case goods retailer Top Furniture followed a breakout trading period through the pandemic with further gains in 2021/22.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
Chief financial officer promoted at £180 million ready-to-assemble furniture manufacturing conglomerate.
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- DEALS & FINANCE
A sizeable chunk of a circa £40 million U.K. cabinet furniture maker is now owned by its management team following changes in shareholdings at the private equity backed business.
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- CASE GOODS
Living, dining and bedroom wood cabinet import volumes declined double-digit in June after turning negative at the start of the second quarter.
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- ECOMMERCE
An ecommerce company that sourced and sold responsibly-sourced U.K.-made cabinet furniture that was promoted via social media channels such as Instagram has been placed into liquidation.
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- SUPPLY & WHOLESALE
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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- CASE GOODS
German furniture vertical Hülsta banked bigger profits at its U.K. retail and distribution arm in 2021 despite downsizing its shop footprint part way through the year.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- CASE GOODS
The sale of property and chasing overdrawn loan accounts has left better prospects for the creditors of a once-sizeable U.K. bedroom furniture maker, even those holding no collateral.
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- CASE GOODS
The U.K. finances of one of the trade's largest bedroom furniture companies are in better shape after its German parent company wrote off millions of pounds worth of intra-group borrowing.
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- RETAIL & DISTRIBUTION
Senior officials at bedroom and home office furniture chain Sharps retain a significant equity position in the c. £113 million turnover company following its sale by Sun European Partners late last year.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- RETAIL & DISTRIBUTION
Nobilia, Europe's largest kitchen manufacturer, plans to take store numbers beyond 60 for its U.K. franchise brand with the addition of another nine new showrooms.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- CASE GOODS
The volume of Chinese cabinet shipments arriving in the U.K. fell by more than a quarter according to new trade data as buyers here looked to replenish stock from European sources instead.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- CASE GOODS
Profits climbed three-fold for Wales based fitted kitchens, bedroom and home office manufacturer and retailer Sigma 3 last year as it more than reversed a sales decline through the first year of Covid.
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- CASE GOODS
Kitchen, bedroom and bathroom furniture giant Symphony is making a ten-figure outlay as it invests in the build out of its vast manufacturing plant in South Yorkshire.
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- SUPPLY & WHOLESALE
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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- CASE GOODS
Linley, the prestige London furniture and interiors group, says it is on a solid footing and demonstrably able to trade successfully after a year in which the structural economics of the business improved.
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- CASE GOODS
Cabinet manufacturer Wegmans Furniture Industries booked revenue up nearly a third in the first quarter driven by an even bigger improvement in Europe, where the U.K. is a key market.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- DEALS & FINANCE
A North West based direct-to-consumer manufacturer and retailer of children's mattresses and bedroom furniture lists a new trading entity following the insolvency of its former operating company.
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- CASE GOODS
Restructuring advisors have outlined details of the prepack reorganisation of a circa £1 million Surrey cabinet maker while two other manufacturers—both in the made-to-measure furniture sector—have filed notices of intent to appoint administrators.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- CASE GOODS
Surrey furniture maker moves to South Coast and rebrands while its predecessor operating company was placed into administration earlier this week.
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- DEALS & FINANCE
An online cabinet furniture retailer and wholesaler that booked seven-figure profits in its last financial year has secured external investment into the business.
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- RETAIL & DISTRIBUTION
Kitchen retailer Wren is planning to ramp up its activity in the U.S. with the opening of a second large factory and the rollout of new showrooms this year.
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- RETAIL & DISTRIBUTION
Kingfisher, parent to U.K. home improvement chain B&Q, is to start a second £300 million share buyback programme inside a year as part of plans to return excess capital to shareholders.
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- DEALS & FINANCE
The md of luxury kitchens chain Harvey Jones has led a management buyout that will see an industry return for former Silentnight chairman Adrian Fawcett.
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- SUPPLY & WHOLESALE
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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- RETAIL & DISTRIBUTION
Kitchen maker and retailer Wren grew sales and profits by almost a third as it shrugged off the impact of three months of store closures at the beginning of the year — a period when rival DIY sheds continued to trade.
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