Manufacturing News
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- BEDS & MATTRESSES
Wooden beds and mattress vertical Get Laid Beds continued to rack up class-leading profits through 2022/23 as high export demand mitigated weaker figures from the U.K.
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- UPHOLSTERY
The carve-up of the adjustable furniture retail group that until earlier this year traded as Middletons and Oak Tree Mobility has led to improved profitability and a better-equipped platform for growth, its owner has said.
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- UPHOLSTERY
A Worcester company incorporated at the turn of the year has been formally told to change its name at the behest of La-Z-Boy Manufacturing U.K., the Lancashire manufacturing arm of U.S. upholstered furniture brand La-Z-Boy.
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- SUPPLY & WHOLESALE
Victoria sold 175,000sqft former Westex carpets factory last year, but sale price hadn't previously been disclosed.
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- UPHOLSTERY
The chief executive of Natuzzi has detailed other assets that the Italian sofa maker and retailer might consider selling to raise cash, in addition to its iconic High Point building.
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- SUPPLY & WHOLESALE
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).
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- FLOORCOVERINGS
Flooring conglomerate Victoria last week recouped tens of millions of euros after closing a transaction to sell off surplus property in Belgium acquired as part of its takeover of Balta's rugs and U.K.-oriented broadloom carpet activities last year.
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- FLOORCOVERINGS
The executive chairman of Victoria has moved to reassure investors regarding the resignation from the board last week of the co-founder of one of the flooring group's largest shareholders.
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- UPHOLSTERY
Incanto Group, once one of the largest upholstery suppliers to the U.K. market, will bring its Sofitalia brand back to these shores for the first time in ten years in early 2024.
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- UPHOLSTERY
Natuzzi said it did not deliver enough revenue to break even in the third quarter as it lapped an exceptional period last year and endured weak macro economic conditions in markets worldwide.
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- BEDS & MATTRESSES
Revenue returned closer to pre-pandemic levels for Suffolk bed maker Mansion House Bedding Group through 2022/23 thanks to increased demand from the contract sector. Profits declined on higher costs and investment.
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- UPHOLSTERY
Output declined double-digit through 2022/23 for Flameproofings, a market leader in the supply of flame retardant fabric coatings for the upholstered furniture industry.
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- UPHOLSTERY
A small West Yorkshire manufacturer of modular sofas and upholstered bed frames has been placed into liquidation within eight months of an ownership change.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) has issued an urgent call to bed manufacturers and retailers to watch out for and report fraudulent emails purporting to be from the trade association.
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- UPHOLSTERY
JPL Upholstery, a circa £5 million turnover recliner and sofa maker that was producing three models for one of the country's largest furniture retailers, has been placed into liquidation.
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- UPHOLSTERY
Flexlux, the modern chair and sofa brand from Danish upholstery producer Theca, will enjoy its largest U.K. retail trade audience yet when its makes its January Furniture Show debut early next year.
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- FLOORCOVERINGS
Floorcoverings conglomerate Victoria has reported a half-year net loss of £22.5 million on weak demand, higher finance costs and a slew of underlying restructuring line items.
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- SUPPLY & WHOLESALE
Fritz Hansen, the designer furniture maker whose products are sold through some of the U.K.'s sharpest modern retailers, has appointed Henrik Steensgaard as its new chief executive as it looks to return to profit.
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- BEDS & MATTRESSES
Vertically-integrated bed manufacturer Naturalmat has opened its first store in the North of England after taking a former Laura Ashley home furnishings and fashion unit.
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- UPHOLSTERY
A fourth West Midlands upholstery company managed by former suppliers to Walmsley's has entered insolvency, leaving creditors owed the thick end of £1 million.
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- UPHOLSTERY
Upholstered furniture manufacturer Man Wah Holdings has confirmed it plans to appeal a judge's ruling in the U.S. that it should pay damages to a former supplier after an intellectual property (I.P.) dispute.
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- UPHOLSTERY
U.K. and Ireland revenue almost halved for the owner of the Stressless and IMG upholstered furniture brands in what proved a challenging third quarter.
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- UPHOLSTERY
Upholstered furniture imports into the U.K. continued to trend down in September as they lapped record levels of trade last year.
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- UPHOLSTERY
Near £1 million gain for the Cradley Heath supplier to U.K. upholstered furniture manufacturers and re-upholsterers.
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- CASE GOODS
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.
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- UPHOLSTERY
Man Wah Holdings, the Hong Kong listed upholstered furniture conglomerate, booked higher first half profits despite revenue continuing to slide on the back of weaker trade with its biggest export market.
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- BEDS & MATTRESSES
Foam and sprung mattress imports into the U.K. were higher for the third consecutive month on a year-on-year basis in September.
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- EVENTS
Global foam manufacturer Carpenter has become the latest headline sponsor of the Furniture Component Expo, the new event organised by the British Furniture Manufacturers' (BFM).
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- UPHOLSTERY
A summer softening in demand impacted third quarter revenue at the upholstered furniture group behind Alstons, Ashley Manor, AMX Design and Alexander & James, but margin expansion mitigated the effect on earnings.
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- CASE GOODS
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.
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- FLOORCOVERINGS
Carpet imports into the U.K. declined for the third straight month on a value basis in September and at a steeper rate than in the year so far.
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- BEDS & MATTRESSES
Dorlux, the 104-year-old bed brand that has been largely absent from the U.K. market for most of the past decade, is set to return.
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- UPHOLSTERY
The Manchester upholstered furniture manufacturer behind brands including The English Sofa Company and The Chesterfield Company paid down debt last year as it continued to register six-figure profits.
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- FLOORCOVERINGS
Flooring supplier Victoria received almost universal backing from shareholders to accept the company's 2022/23 accounts and reappoint its auditor on Monday, but its share price fell sharply, paring back recent gains.
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- BEDS & MATTRESSES
Devon bed maker Vispring is following the launch of its flagship central London showroom with the addition of a second, further west.
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- UPHOLSTERY
The scion of a Chinese domestic appliance conglomerate is to acquire a controlling stake in Jason Furniture (Hangzhou) Co, one of the world's largest upholstery producers and a major white-label sofa source for large U.K. retailers.
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- SUPPLY & WHOLESALE
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.
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- BEDS & MATTRESSES
Global Components (UK), the West Yorkshire based bed, mattress and upholstered furniture components supplier, booked lower profits last year on rising costs and falling revenue.
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- BEDS & MATTRESSES
Airsprung Group has restructured its management team with new group roles for the managing directors of its Airsprung Beds and Gainsborough Beds business units.
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- UPHOLSTERY
London based upholstered furniture manufacturer and retailer The Sofa & Chair Co has so far kept to the terms of a company voluntary arrangement (CVA) agreed with HM Revenue & Customs and other creditors a year ago. It follows the finding of cost savings and space consolidation.
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- UPHOLSTERY
Upholstered furniture manufacturer Buoyant has bolstered its design and development team with two key hires arriving from rival sofa companies.
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- BEDS & MATTRESSES
YouTube review adverts extolling the virtues of Emma mattresses from a website controlled by an Emma Sleep subsidiary have fallen foul of marketing guidelines, the Advertising Standards Authority has ruled.
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- FLOORCOVERINGS
Associated Weavers says the launch of its new state-of-the-art warehouse in Northampton can help it recover share lost in the cut-length market segment as a result of events outside its control.
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- BEDS & MATTRESSES
A North West based manufacturer of contract quality beds and mattresses for the hotel, leisure, care and education industries has been placed into liquidation, leaving seven-figure debts.
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- UPHOLSTERY
Next's wholly-owned South Yorkshire sofa factory has registered its highest output since the general merchandise giant first started the endeavour seven years ago.
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- CASE GOODS
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.
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- EVENTS
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.
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- BEDS & MATTRESSES
Former England footballer David Beckham has signed to become a brand ambassador for premium bedding brand Tempur Sealy in its Asia-Pacific markets.
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- UPHOLSTERY
Upholstery and furnishings group Belfield said strong credit control helped narrow its operating cash burn last year in a period where the industry-wide chronic shortage of foam led to production disruption and inefficiencies.
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Westbridge says the closure of one of its North Wales factories earlier this summer will bring operational benefits as the Belfield-owned sofa maker looks to bounce back from a challenging 2022.
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Revenue reached its highest level since the credit crunch for Tetrad last year, but rising costs weighed on the bottom line.
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- RETAIL & DISTRIBUTION
U.K. beds market leader Dreams was among the standout performers for Tempur Sealy International in the third quarter of 2023 with its CEO calling out the retailer's leadership team for its "outstanding execution."
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- UPHOLSTERY
Raft will officially open the doors to its first designer furniture outlet on Saturday morning (Nov. 4, 2023), the upholstery vertical and cabinet retailer has announced.
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Premium lighting, homeware and occasional furniture supplier Porta Romana delivered class-leading profits in the year to end April on the back of sales growth and its ability to pass on price rises to customers.
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- BEDS & MATTRESSES
Leggett & Platt, the diversified industrial conglomerate best known here for supplying mattress components, said worldwide bedding sales continued to trend down in the third quarter as demand remained weak.
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- SUPPLY & WHOLESALE
The Fine Bedding Company found trade tougher through 2022/23 but still allocated six-figure resources to both capital expenditure and charitable endeavours.
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- BEDS & MATTRESSES
Fifth generation bed manufacturer Harrison Spinks has joined the Wild Ingleborough programme, a multi-partner, landscape-scale conservation project working with the local community to bring about nature’s recovery in parts of North Yorkshire and within the Yorkshire Dales.
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- UPHOLSTERY
Upholstery manufacturer and distributor TCM Living has appointed Andy Kennaugh as group chief executive with immediate effect.
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- TRADE & INDUSTRY
British Furniture Manufacturers (BFM) latest Industry Matters podcast is now available online, featuring an all-female lineup discussing the recent launch of the Women in Furniture Network.
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- CASE GOODS
Bespoke kitchens and furniture supplier Christopher Peters Kitchens & Interiors has been placed into liquidation with consumers owed in excess of £400,000.
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- COMMUNITY
The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, has announced the winners of its 2023 Young Furniture Makers Awards and Prizes.
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- UPHOLSTERY
The chairman of TCM Corporation, majority owner of U.K. upholstery group TCM Living, says the company remains in the market for more takeovers, including from outside the sofa sector.
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- UPHOLSTERY
Pimol Srivikorn, chairman and major shareholder in TCM Living, says it is time the industry heard about the takeovers of two of the U.K.'s largest sofa makers "from the horse's mouth." As well as telling us what is coming next.....
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- UPHOLSTERY
Asset disposal specialists have begun a six-day sell-off of manufacturing equipment following the planned closure of the smallest production facility of a major upholstery vertical.
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- UPHOLSTERY
Rachael Nevins has decided to leave Belfield due to personal circumstances after a year as chief executive at the upholstery and furnishings group. Chief operating officer Tom Prestwich has become group md with immediate effect.
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- UPHOLSTERY
Jonathan Fearn has left his post as chief executive of TCM Living, the upholstery group behind the Alexander & James, Alstons, AMX Design and Ashley Manor businesses.
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- BEDS & MATTRESSES
West Yorkshire mattress maker Dura Beds booked lower profits last year as rising sales and wider gross margin were negated by higher costs elsewhere in the business.
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- UPHOLSTERY
Upholstery manufacturer and distributor La-Z-Boy U.K. has promoted Tristan Pyke from sales director to managing director.
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- TRADE & INDUSTRY
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.
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- TRADE & INDUSTRY
CPS, the multi-faceted print specialist that majors in providing services to beds and furniture industry clients, says it is on a path to net zero after making sustainability core to its business processes and products.
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- UPHOLSTERY
Sofas & Stuff established its own manufacturing facility last year in a period in which the upholstery retailer booked record revenue and made seven-figure investments.
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- BEDS & MATTRESSES
Beds retail market leader Dreams has launched a new £4 million brand campaign featuring Gillian Anderson, the Hollywood actor who starred in the X-Files and movies including The Last King of Scotland.
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- CASE GOODS
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.
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- SUPPLY & WHOLESALE
U.K. sales returned closer to pre-pandemic levels for high-end Italian designer lighting company Artemide last year, but at a cost to margins.
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- BEDS & MATTRESSES
Selling an underutilised area of its vast Trowbridge factory site along with other plant and equipment generated £10.9 million in cash for the Airsprung beds and upholstery group through 2022/23, masking a decline in underlying profits.
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The management-owned rise and recline chair manufacturer behind the Recliners brand bolstered its balance sheet with high six-figure profits last year.
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- CASE GOODS
Privately-owned Wiltshire cabinet manufacturer Sylvawood Furniture has been placed into administration.
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- UPHOLSTERY
Revenue climbed to record levels for the second straight year at Colchester upholstered furniture manufacturer Alstons in 2022.
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Wider gross margin helped the North West supplier of bedding and household textiles under brands spanning Dorma to Content by Conran find a big performance boost through 2022/23.
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- SUPPLY & WHOLESALE
The U.K. comfort foam operations of Recticel were more profitable despite lower sales ahead of the business unit being carved out and sold to a private investment company earlier this year.
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- UPHOLSTERY
Stressless owner Ekornes delivered record revenue in the U.K. and Ireland last year, breaking a landmark that had stood for the upholstery giant since 2011.
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- BEDS & MATTRESSES
The value of Chinese mattresses arriving into the U.K. doubled in August in a rise out of step with the year-to-date trend.
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- FLOORCOVERINGS
The market capitalisation of AIM-listed flooring manufacturer and distributor Victoria fell by more than £70 million in a single day on Monday with its value now almost half what it was a month ago.
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- CASE GOODS
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.
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- BEDS & MATTRESSES
Kent bed maker Sleepeezee says it is well placed ahead of the final weeks of 2023 as it looks to maintain top and bottom momentum achieved through last year that helped it outperform its peers.
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- UPHOLSTERY
Sofa imports declined for a ninth straight month in August primarily as a result of weaker trade with European partners including Poland, Italy and Romania.
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- FLOORCOVERINGS
Belgium, habitually the largest exporter of carpets to the U.K., slipped to third in the rankings at the height of summer as it was usurped by near-neighbour Netherlands and fast-emerging rival Turkey.
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- SUPPLY & WHOLESALE
Half-year profits advanced for Sanderson Design Group (SDG) as the premium interior design and furnishings supplier enjoyed the benefit of new licensing agreements.
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- UPHOLSTERY
Profits declined but remained class-leading at global fabrics giant Romo last year ahead of a transaction that saw of one of the founder's great-grandsons buy out another.
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- SUPPLY & WHOLESALE
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.
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- UPHOLSTERY
Stakeholders seeking to reshape the U.K.'s furniture fire regulations have a diminishing window in which to influence change, with a Government consultation due to close in under two weeks.
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- BEDS & MATTRESSES
Tempur Sealy International, the world's largest bedding company and one of the principal actors in the U.K. beds market, has closed a $1.65 billion (£1.34bn) refinancing of its credit facilities, extending its debt maturities.
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- UPHOLSTERY
Profits returned for TCM Living group last year on the back of sales growth, a strong performance from its Alstons business unit, and the disposal of Arlo & Jacob.
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- EVENTS
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.
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- FLOORCOVERINGS
Profits declined at flooring giant Amtico last year as it absorbed rising costs and upped its warranty provision in relation to a discontinued product line.
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- BEDS & MATTRESSES
The joint venture that acquired Sealy U.K. three years ago has taken total investment in the Cumbria bed maker to approaching ten times the initial outlay that was made to buy the operation off Silentnight Group.
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- FLOORCOVERINGS
Fleur Carson has been promoted to U.K. managing director at Karndean Designflooring. She succeeds Paul Barratt, who has decided to step down after 11 years in the role at the luxury vinyl tile supplier.
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- RETAIL & DISTRIBUTION
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.
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- CASE GOODS
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.
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- SUPPLY & WHOLESALE
Upstream supply chain rivals Carpenter and Vita Group both found single digit growth last year in a period upended by supply chain challenges and M&A activity.
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- DEALS & FINANCE
Bedroom furniture retailer Sharps has acquired Fittingly, the Stoke-on-Trent challenger fitted furniture brand that launched shortly before the pandemic.
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- RETAIL & DISTRIBUTION
More furniture and flooring industry companies filed for insolvency in the third quarter of this year than in the first three quarters of 2021 combined as tough trading across the sector led to record corporate imperilment.
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- UPHOLSTERY
A major Chinese upholstered furniture producer that once owned a 22-store U.K. furniture chain is to invest in land in Cambodia as part of plans to shift part of its production from its homeland.
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- UPHOLSTERY
West Midlands sofa manufacturer Ashley Manor Upholstery more than halved its net loss last year after a large reduction in sales costs.
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- BEDS & MATTRESSES
North East sofa maker and retailer Delcor has partnered Leeds manufacturer Harrison Spinks to launch an updated premium beds programme across an initial three stores and online.
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- BEDS & MATTRESSES
The Vita Group, the diversified industrial giant that produces block foam, finished mattresses and flooring underlay, has appointed Omar Hoek as its new chief executive.
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- FLOORCOVERINGS
The market cap of flooring roll-up Victoria dropped by more than £67 million in a single day on Tuesday in what proved a rough day all round for floorcoverings conglomerates.
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- UPHOLSTERY
Upholstered furniture vertical Sofa.com has reached out to apologise and reassure customers amid delivery issues brought about by a warehouse move and switch to a new logistics partner.
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- RETAIL & DISTRIBUTION
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.
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- BEDS & MATTRESSES
A mattress maker that sold beds direct to the public from its own factory showroom in Nottingham has ceased trading and been placed into liquidation.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) presented Jessica Alexander, whose career with the trade association spans 37 years, with a surprise Lifetime Achievement Award at the Bed Show Gala Dinner & Awards Ceremony last week.
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- BEDS & MATTRESSES
Beds and sofas group Airsprung has consolidated production after moving its Cavendish Upholstery manufacturing operations to its Trowbridge headquarters.
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- UPHOLSTERY
Halo Creative & Design, the circa £150 million turnover international furniture group, has increased its equity position in South East sofa manufacturer Dudgeon.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) will look to encourage a new generation of young people into the U.K. and Irish bed industry after creating a recruitment video targeting school leavers and university graduates.
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- CASE GOODS
A two-store furniture retailer has settled with Core Products after it was accused of copying several of the Scottish cabinet supplier's designs.
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- SUPPLY & WHOLESALE
Swedish kitchen giant Nobia has finalised the sale of its freehold manufacturing property in Dewsbury in an all-cash deal worth £13.6 million.
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- UPHOLSTERY
Wider gross margin helped mitigate a sharp fall in sales for upholstery vertical Natuzzi in the second quarter as revenue fell at a steeper rate than in the first.
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- BEDS & MATTRESSES
The closure of West Yorkshire mattress manufacturer Diamond Beds leaves financial and trade creditors facing a shortfall on their outstanding debts.
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- TRADE & INDUSTRY
Trade association British Furniture Manufacturers (BFM) has opened the entry process for its second Future of Furniture Awards, celebrating education and sustainability across the industry.
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- UPHOLSTERY
Sofa manufacturer and wholesaler Scan-Thors (U.K.) returned to profit last year after a decision to bring more of its production in house yielded big margin improvements.
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- FLOORCOVERINGS
Flooring conglomerate Victoria moved to reassure shareholders on Friday after what it described as the "considerable reaction" to its auditor offering a qualified opinion on its 2022/23 results, a consequence of incomplete accounting records at a subsidiary called Hanover Flooring.
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- TRADE & INDUSTRY
The co-founder of Anti Copying In Design (ACID) says there is still much to be done to "change the pervading culture of design theft" as the organisation celebrates its 25th anniversary.
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- UPHOLSTERY
The owner of adjustable beds and riser chair maker Sitting Pretty had its business recapitalised last year in a transaction that vaporised £11 million of debt.
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- BEDS & MATTRESSES
A Somerset based group whose activities span mattress production to the sale of bedroom cabinet furniture via online marketplaces booked a loss last year after sterling dropped in the aftermath of "the disastrous mini-Budget."
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- BEDS & MATTRESSES
Beds market leader Dreams opened up its Oldbury factory on Thursday to celebrates the 20th anniversary of mattress production at the West Midlands site.
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- UPHOLSTERY
Employee-owned sofa maker Lebus Upholstery says its objective is to reduce debt amid a backdrop of more expensive borrowing costs following recent interest rates rises.
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- UPHOLSTERY
A U.K. operator of Natuzzi upholstery stores that is majority-owned by a franchisee delivered seven-figure profits and bolstered its balance sheet last year.
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- BEDS & MATTRESSES
Receivers have taken control of part of a Lancashire mattress factory in an effort to recover funds for creditors, almost three years since the last known trading company operating from the site folded.
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- BEDS & MATTRESSES
A property sale helped boost cash at the group behind the Adjustamatic Beds business and Varimatic furniture brand last year against a background of tougher trading conditions.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) last night crowned the winners of its 2023 Bed Industry Awards at the Bed Show Gala Dinner in Telford, as well as recognising the career of its longtime executive director Jessica Alexander.
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- BEDS & MATTRESSES
The CEO at Beales has retaken control of the department store retailer, ending its spell in the same corporate group as home furnishings chain Fabb Furniture.
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- BEDS & MATTRESSES
Mattress brand Brook + Wilde is back after its new owner relaunched its ecommerce platform with a revised logotype and updated url, both reflecting its new corporate name.
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- UPHOLSTERY
Upholstery group Belfield has appointed a new chief financial officer, filling a role that has been vacant since the departure of former Vita Group finance director David Meltham late last year.
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- UPHOLSTERY
Upholstered furniture manufacturer Whitemeadow cemented its position as the U.K.'s largest wholly-independent sofa maker last year, outperforming its domestic peers.
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- FLOORCOVERINGS
The group behind North West manufacturer and flooring insurance claims handler Cavalier Carpets found earnings growth last year despite lower revenue.
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- UPHOLSTERY
DFS has signposted the expected financial costs associated with the planned closure of its 24,000sqft Long Eaton manufacturing site, the smallest of the retailer's three sofa factories.
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- BEDS & MATTRESSES
Silentnight, already the U.K.'s biggest bed maker, could become more than three times the size of its next largest equivalent after massive sales growth through the early months of its 2023/24 financial year.
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- CASE GOODS
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.
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- UPHOLSTERY
Upholstered furniture manufacturer and retailer The Sofa Library is to double store numbers with the opening of a new store on the South Coast.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) is to research how the industry can measure the cleanliness of reused and recycled materials from beds and mattresses thanks to a knowledge transfer partnership (KTP) with Manchester Metropolitan University (ManMet).
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- BEDS & MATTRESSES
Mattress imports returned to growth in July with the product category on track for a new record high over the course of a full year despite inconsistent figures through 2023 so far.
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- TRADE & INDUSTRY
The Furniture Makers’ Company has unveiled the logo for MyFurnitureCareer.org.uk, the new early careers website launching later this month.
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- UPHOLSTERY
Weak figures from key European source markets sent sofa imports to an eighth consecutive year-on-slide in July. Chinese imports also fell, but at a shallower rate.
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- DEALS & FINANCE
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.
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- RETAIL & DISTRIBUTION
Profits declined from a record high for HSL last year as the upholstered furniture and beds specialist booked higher costs, outweighing the impact of double-digit sales growth.
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- FLOORCOVERINGS
Aquafil, the world's largest supplier of textile flooring yarn, is planning to close its Scottish carpet yarn facility with the expected loss of more than 30 jobs.
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- EVENTS
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.
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- FLOORCOVERINGS
Carpet imports returned to negative year-on-year territory in July after a rare increase at the start of the summer proved to be just a blip.
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- UPHOLSTERY
Upholstery market leader DFS plans to consolidate production at its larger factories resulting in the planned closure of its Berkeley Magna plant in Long Eaton, and a nearby woodmill that supplies it.
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- BEDS & MATTRESSES
The upstream mattress and upholstery supply chain has limited bad debt exposure following the reorganisation at the motion furniture group behind the MiBed and Hestia brands, according to new statutory filings.
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