One of Britain's largest independent carpet manufacturers was back in the black last year after it shrugged off a "challenging retail environment" and market uncertainty to post near double-digit growth.

Headlam bought Rackhams and Garrod Bros last year.
Competitors and other interested parties have been invited to have their say on the takeover of two distributors bought by floorcoverings wholesale giant Headlam last year.

Victoria, the acquisitive floorcoverings conglomerate, says its South Wales carpet factory will produce higher volumes despite recent headcount reductions, with a new backing line now in full production.

Carpet makers in Belgium — home to some of the world's largest manufacturers in the category — have endured a miserable year for exports to Britain, with December proving to be among the worst months of all.

Profits declined in 2018 at Mohawk Industries, the world's largest floorcoverings business, as the diversified supply giant battled inflation and rising costs.

Victoria, the acquisitive floorcoverings manufacturer and distributor, has landed a seven-figure windfall after selling off land that had not been used for more than 20 years.

Like-for-like sales remained negative, Carpetright said in a Q3 trading update
Carpetright, Britain's biggest flooring retailer, said it continued to trade below year-earlier levels in the period taking in pre-Christmas trading and the January sales.

Neil Page is to retire from full-time plc duties after ten years as chief financial officer at Carpetright, the retailer has announced. His replacement is Jeremy Simpson, who joins from outside the industry.

Likewise Group has made its first move into the wall-to-wall floorcoverings category after completing the acquisition of South East London based distributor Lewis Abbott.

Platinum Event 2019 takes place June 22, 2019
Associated Carpet Group (ACG), a buying group for privately-owned floorcoverings retailers, will host the second edition of its Platinum Event later this summer.

LikewiseHQ 2019
Likewise is aiming to consolidate the distribution sector of the floorcoverings market
Likewise, the new business led by former Headlam directors Tony Brewer and Andrew Simpson, has raised equity finance as it looks to build a floorcoverings group of 'meaningful' size and scale.

Headlam, Europe's largest floorcoverings distributor, is building inventory of best-selling products as it looks to minimise disruption from Britain's planned EU exit.

Belgium, the biggest source of overseas-made carpets sold in Britain, continued to flounder despite a second straight rise in overall carpet imports into Britain according to late-2018 data.

New hire at floorcoverings contractor.

The clicks-to-bricks retailer behind the brand built revenue momentum in 2017–18 as it added new stores to the trial unit launched two years ago.

Wider gross margin boosted North West floorcoverings company Mears in 2017–18.

United Carpets Group, the flooring and beds franchise chain, booked lower half-year profits after it spent more money on marketing to try and stimulate weak demand.

CMA announced last week it was looking into takeovers of three London companies by Headlam Group.

Carpet imports were ahead in October
Woven and tufted carpet imports into the UK were ahead of the year-to-date trend in October as emerging suppliers outperformed historically important source nations such as Belgium.

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.

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.

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.

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."

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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