Wholesale giant Headlam Group says it is "engaging fully" with the Competition and Markets Authority after the watchdog said it was investigating the company's already-completed takeovers of three South East floorcoverings distributors.

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65 underperforming stores were closed during the half
Carpetright, Britain's biggest carpets and flooring retailer, booked a £12 million net loss for the six months to October 27 during which it closed stores and deleveraged.

Flooring retailer Tapi Carpets has signed a concession partnership with Homebase that will see it open instore units across the home improvement chain's estate.

Floorcoverings group Victoria has decided to emphasise paying down debt with borrowing reaching what its board sees as "an internal ceiling" after it completed major acquisitions in the past year.

Two U.S headquartered investment outfits now own a shade under 40 percent of the shares in Victoria, the acquisitive British flooring group, after further stock building last week.

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Victoria has pursued an acquisition strategy in recent years
International money manager Invesco has continued its stock build in Victoria, the acquisitive flooring group headquartered in Kidderminster, buying up another tranche of shares last week.

Bury based Cormar Carpets, Britain's largest carpet manufacturer, has made a seven-figure investment expanding its delivery fleet.

A Danish investment group with links to the furniture industry has acquired a majority stake in premium wood flooring company Junckers.

Belgian carpet makers posted their weakest year-on-year export comp for the UK market since last November at the end of the third quarter of 2018, losing share to their Dutch rivals.

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More than a third of the business now held by two external shareholders
An Atlanta headquartered investment giant has built more than a fifth share in Victoria, the acquisitive floorcoverings giant, after a series of transactions over the past year.

Regional floorcoverings retailer and wholesaler Calverts Carpets booked higher profits in 2017–18 as its lower cost-of-sales helped counter the impact of a top line decline.

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Victoria has reconsidered plans announced last week
Victoria, the acquisitive flooring supply group, has walked back refinancing plans announced last week with chairman Geoff Wilding criticising onlookers whose "motives are less than pure."

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A handful of stores also carry other products, such as beds
Discount flooring chain Carpets 4 Less maintained network sales in the year to January 31, 2018, arresting a double-digit prior year slide.

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Half-year results will be impacted by ongoing restructuring work
Flooring market leader Carpetright says its restructuring plan began in earnest in the second quarter as it closed 67 underperforming stores with half a dozen more to shut before the year is out.

Tim Eagles, the longtime boss of mobility company Stannah, is to succeed David Judge as md at Cormar, the circa £120 million Bury carpet maker.

Victoria, the floorcoverings supply group whose shares have fallen sharply in value this week, says negative sentiment expressed towards the company is wide of the mark.

Victoria, the acquisitive floorcoverings supplier, said yesterday that plans to grow its market share will hit profits, with margins to be below current expectations.

Mohawk, the world's largest floorcoverings business, said sales were lower than expected in the third quarter as price increases had less impact than it had hoped.

Amtico mirrored rival Karndean in posting high sales growth in the UK last year in a sign of the growing share of luxury vinyl in the wider floorcoverings market.

Vinyl floorcoverings supplier Karndean maintained sales momentum as it recorded a fifth straight year of double-digit growth in 2017, with profits topping £10 million.

August carpet import data encapsulated the year so far, with the value of arrivals into Britain falling in low single-digit percentages and Belgian products among the biggest casualties.

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Tapi added 24 stores in 2017 but says its rapid rollout is coming to an end
Margins improved and sales almost doubled for expanding flooring retailer Tapi Carpets in 2017. Losses widened as it continued its store rollout programme.

Likewise, the new group owned and run by former senior executives from flooring giant Headlam, has added a second company to its portfolio. More former Headlam managers will also soon join its ranks.

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Who owns what at Tapi Carpets
New equity issued through 2017–18 has diluted Lord Kirkham's stake in Tapi Carpets & Floors, meaning he is no longer the largest external shareholder in the circa 100-store chain.

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Designer Contracts' 109,000sqft central distribution facility
Privately-owned floorcoverings supplier Designer Contracts has set out ambitious plans to double in size—both sales and staff headcount—as part of a new five-year plan.

Condor Carpets, the Dutch floorcoverings conglomerate, has acquired Edel Carpets in a deal that includes its multi-million turnover UK operation in Yorkshire.

United Carpets Group says it invested more on marketing to prop up flaccid demand in the summer months, meaning half-year profits will be much lower than previously thought.

A second straight fall in sales contributed to South East England flooring distributor STS recording a loss last year, though management are bullish on the outlook for 2018.

Profits dipped for the second year straight at Blackburn carpet maker Cavalier with the privately owned producer citing rising raw material costs caused by weaker sterling.

Profits jumped by more than half for Ulster Carpets last year as the privately-owned Portadown manufacturer made the most of a double-digit leap in sales.

Carpet imports into Britain inched forward in July, bringing an end to a four-month streak of falling figures.

Victoria, the acquisitive carpet and flooring manufacturing and wholesale group, says underlying sales are trading ahead as it continues to yield the benefit of its new UK pricing strategy.

Headlam will introduce price increases next month in a new headwind for its UK customer base of independent floorcoverings retailers and fitters.

Underlying half-year profits jump for carpets group Airea.

Belgian carpet makers supplying the British market enjoyed their best month of the year so far in June, but still only managed to fractionally beat last year's total.

Sales and profits climbed for the privately-owned retail and wholesale group behind the Wilsons Carpets fascia in 2017–18.

Half year flooring sales jumped double-digit for manufacturing giant Forbo in the six months to end June despite weaker trading in markets such as the UK.

Victoria, the acquisitive flooring group, has agreed to buy Spanish flooring producer Cerámica Saloni for €96.7 million, the third major ceramic tile business it has bought in less than a year.

The executive chairman of the world's biggest floorcoverings business Mohawk Industries said its performance "fell short of our expectations" in the second quarter.

Polyflor owner invests as 'robust' UK market bucks wider sales trend

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