Carpetright's biggest shareholder has near doubled its position in the flooring chain ahead of its CVA vote later this week.

The Netherlands and Turkey sent more carpets to Britain as February imports gained on the same month last year according to new HMRC data.

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Landlords will be asked to back CVA plan later this month
Carpetright will ask creditors to back a CVA that would see it this autumn close 81 stores, on top of 11 that have already ceased trading, and cut rents on a further 113.

Floorcoverings supplier James Halstead says it is considering acquiring Airea, the owner of the Burmatex contract flooring business.

One of the launch directors of fast-growing flooring retailer Tapi Carpets has left the business to pursue a new challenge.

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Carpetright's Purley Way, Croydon store, one of the first to be refurbished under current management
The shareholder and lender that agreed to loan Carpetright £12.5 million over the next six months now owns one sixth of the company.

Flooring market leader Carpetright has agreed a short-term loan with one of its shareholders ahead of a plan to raise new capital and cut store numbers via a CVA.

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Ryalux has been trading since 1970. It will close at the end of April
Ryalux, the manufacturer known for being able to produce carpets in any width and any colour, is to close.

Tough market and rising costs conspire against Lancashire carpet manufacturer

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Carpet imports increased for the third straight month in January
Flooring importers upped carpet inventory in January in a sign UK producers may be suffering more than overseas suppliers.

The company behind the Flooring Superstore brand built out sales and profits in 2016–17 ahead of it upping its multichannel presence.

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Like-for-like sales in the UK fell 6.7 percent in January, Headlam said
UK like-for-like sales have fallen in January and February according to Headlam, Britain's largest floorcoverings supplier to the retail trade.

Headlam, the UK's largest flooring wholesaler to the retail trade, has agreed to buy Dutch distributor Dersimo in a move that expands its presence in mainland Europe.

Three-store retailer transferred outside of flooring supply group.

Carpetright, the UK's largest floorcoverings retailer, says it has begun proactive discussions with lenders after sales remained below expectations and that it would report a loss for 2017–18.

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H. Dawson hoping to tie-up refinancing deal with HSBC and other lenders
H. Dawson Sons & Company, the Yorkshire wool supplier which acquired a controlling stake in Axminster Carpets in 2016, is close to refinancing its debts, according to new accounts.

December carpet imports advanced 4.9 percent year-on-year as wholesalers and retailers built stock levels ahead of the Christmas trading period.

North London rugs distributor Asiatic Carpets posted a fifth straight rise in sales and almost doubled profits in 2016–17.

Brintons sales and profits advanced as the Kidderminster carpet maker gave up some of the detail of its secondary buyout last summer.

Victoria, the acquisitive carpet and flooring supply giant, has offered an upbeat assessment of current trade in a sign the market may be stronger than others have indicated.

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Profits warning at Carpetright after tough trading over the festive season and into the New Year
Market leader Carpetright has warned on profits after reporting a sharp fall in post-Christmas sales including declines across both flooring and beds.

Flooring distributor Headlam said trade picked up in the final two months of 2017 after weakness between July and October. It also announced a new chairman, replacing Dick Peters.

Carpet imports declined on weak data from the UK's biggest trading partner going into the peak seasonal period, according to new HMRC data.

Flooring market leader Carpetright has challenged the use of imperial measurements to create the impression of bigger savings in promotions by rival retailer United Carpets.

The Carpet Foundation, the industry funded body that promotes the sale of carpet in the UK, has formally applied for alternative dispute resolution (ADR) approval.

British trade carpet buyers built inventory of Belgian-made products as the third quarter began but the uplift could be short-lived.

Flooring wholesaler Headlam Group is to acquire tile distributor and contract specifier Domus Group in a deal worth up to £35.4 million.

Long-term backer Business Growth Fund (BGF) has exercised its outstanding share options in Victoria, the expanding floorcoverings group.

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Photograph: Tapi Carpets & Floors
Tapi Carpets & Floors has opened a concession unit inside home improvement retailer Wickes, a first for the expanding floorcoverings specialist.

Chairman Geoff Wilding has highlighted the flexibility of Victoria's cost base, saying the flooring group could quickly cut costs if conditions dictated.

Sales and profits advanced in a strong year for regional floorcoverings retailer Calverts Carpets in the 12 months to end January 2017.

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Keraben generated revenue of €118.3m in 2016
Floorcoverings distributor Victoria has agreed to buy Spanish floor and wall tile maker Keraben Grupo in a deal worth €274.1 million (£246.5m).

Acquisitive flooring group Victoria yesterday confirmed it is evaluating a takeover of Spanish tile maker Keraben Grupo in a move that would further build out the size of the business.

Falling network sales weighed on profits at the franchisor behind the predominantly South East based Carpets 4 Less chain in the year to end January 2017.

Mohawk Industries, the biggest flooring company on the planet, said the division taking in its European business experienced 'dramatic' growth during the third quarter.

Victoria will pay up to €56.5 million (£50.4 mill) to acquire tile maker Ceramiche Serra is a move that expands the Kidderminster group's offer in hard flooring.

Carpetright sales advanced in the past six months with higher flooring sales offset by falling bed revenues, the result of its decision to re-range the offer.

Emerging retailer Tapi Carpets and Floors will reach 93 stores by the end of 2017 as it continues to roll out across the UK and pile pressure on its rivals.

Major flooring suppliers Amtico and Karndean outperformed the both the wider flooring market and the LVT sub-sector in 2016, grabbing a larger share.

SITE consolidation boosted profits at the group behind the Ryalux and Burmatex carpet brands in the year to end June, offsetting lower sales.

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