The md of furniture maker Shackletons has sold the business to an external investor who will run the company as chairman and chief executive.

Rise and recliner co. saw sales slide but made positive earnings contribution.

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Mulberry Home fabrics to feature on new Tetrad line
Tetrad, the North West sofa maker celebrating its 50th year of trading in 2018, is launching an upholstery programme covered exclusively in Mulberry Home fabrics.

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Deposits, one of the biggest bugbears of the industry when others fall insolvent, could be returned
Customers of Fabb Sofas who paid deposits in the period leading up to the retailer's closure may get their money back, after management took steps to protect funds.

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Fabb Sofas' Giltbrook store at Nottingham was among its most expensive
Stores traded by Fabb Sofas, which was placed into administration earlier this month, will be difficult to find takers for because of their size and cost.

Sofa imports fell more than a fifth at the beginning of the second quarter as the value of goods shipped in from China declined for a fourth month straight.

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The de Sede space will official launch early July
Luxury furniture maker de Sede is opening a shop-in-shop at London department store Harrods, mixing leather upholstery with fashion accents.

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Man Wah is buying a rival recliner maker for $68m (£51m)
Upholstery manufacturing giant Man Wah Holdings is buying a Vietnamese rival in a move that consolidates recliner production in the Far East.

Expanding furniture chain Loaf is planning its first store in the Midlands after agreeing to take over a former Argos unit in Solihull.

Privately-owned upholstery producer JDP Furniture Group said a decrease in sales was behind the company recording a seven-figure loss last year.

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A second showroom will open this summer with more planned over the next two years
The md of Arlo & Jacob says the London based sofa brand is in "full expansion mode" with plans to open showrooms nationwide over the next two years.

Suppliers to Fabb Sofas have been told to liaise with landlords directly if they want to be reunited with stock they believe is legitimately still theirs.

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John Pye will hold nationwide auctions to clear display stock
Officials at PwC — installed as administrators at upholstery retailer Fabb Sofas Thursday — have enlisted auctioneers John Pye to clear store stock of the failed chain.

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Mark Smith, (left) and David Lee
David Lee is stepping down as CEO at DM Midlands Group, the supplier behind sofa brands Ashley Manor, AMX and Alexander & James, after 25 years.

Thursday was not great for the upholstery industry in the UK.

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Fabb Sofas traded from nine stores
Fabb Sofas, the nine-store sofa chain advised by the founder of DFS and run by a number of its former management team, has been placed into administration.

West Midlands sofa maker Ultra Furniture has been placed into administration through Duff & Phelps, putting 160 jobs at risk.

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Ultra Furniture's factory in Kingswinford
Ultra Furniture says speculation the sofa maker has ceased trading is inaccurate. It is, however, examining its options after Tesco, Ultra's largest customer, said it plans to close its Direct business.

Follows departure of Alison Hill to Steinhoff-owned rivals.

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Natuzzi's Tottenham Court Road, London showroom
Natuzzi said its British retail stores delivered first quarter growth and says it will add new stores here later this year.

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Ekornes had UK sales of around £19m last year
Chinese furniture maker and retailer Qumei is to buy Norway's Ekornes — owner of the Stressless recliner brand — in a deal worth the equivalent of £472 million.

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Management change at upholstery vertical Sofa.com
Change at the top at Sofa.com, the clicks-to-bricks upholstery specialist which recently saw debt holder take control.

Revenue jumped nearly a third at recliner maker Man Wah Holdings as the acquisition of sofa factories in the Baltic states masked soft trading at its underlying European business.

First quarter upholstery imports into Britain fell primarily because of weaker figures from China, the UK's main source of overseas product.

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UK delivered sales advanced for Stressless in Q1, 2018
High demand late last year helped Ekornes, owner of the Stressless furniture brand, deliver double-digit revenue growth in the first three months of this year.

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Keith Wilson has been promoted to managing director EMEA
Keith Wilson's brief as managing director for La-Z-Boy UK has been expanded to take in the rest of Europe as well as the Middle East and Africa.

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House of Fraser will ask landlords to back a CVA
House of Fraser will close a number of stores if it can get landlords to support a company voluntary arrangement (CVA).

Before it sold the La-Z-Boy UK and Ireland brand rights, Furnico was the largest wholly privately-owned upholstery distributor in the UK, and the fourth biggest overall.

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Charles Wade: 1949–2018. Image courtesy of Mike Aramayo
Charles Wade, one of the best-known entrepreneurs in Britain's furniture industry, died last weekend following a short illness. He was 69.

The deal to reacquire the La-Z-Boy UK and Ireland brand rights could be worth more than previously disclosed, the U.S. furniture giant has revealed.

British retailers and importers bought less upholstery from overseas in February with China — the biggest source nation — behind much of the fall.

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An IPO could boost the value and earnings of its British sofa businesses. Image: TCM Corp.
The Thai owner of sofa makers Ashley Manor, Alexander & James and Alstons is considering a UK stock market listing for its British upholstery division.

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Sofa.com has expanded its store network in places such as Edinburgh, above
The lender that helped finance the 2015 private equity takeover of Sofa.com has taken ownership of the clicks-to-bricks upholstery vertical, The Furnishing Report can reveal.

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Natuzzi is investing heavily transforming itself "into a retail-oriented company"
A series of one-off items contributed to Natuzzi reporting a €29.3 million pretax loss for 2017. Its UK business, however, is expanding nicely.

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Parker Knoll moved to its new factory in the spring of 2016
Efficiency gains from its new factory helped boost profits at heritage upholstery maker Parker Knoll in 2016–17.

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Scope for more than 70 Sofology stores across Britain, says DFS
DFS says it sees the scope for another thirty Sofology stores across the country after it acquired its one-time rival last year. It also said it will likely close a number of legacy DFS stores this year.

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DFS' acquisition of Sofology could cost it up to £105m, dependent on performance
Sofology is not performing at a level that would be enough to trigger a further payment, DFS forecast today as it released half-year numbers for 2017–18.

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DFS half-year profits were down 58%, though it expects full-year improvement
DFS interim profits fell 58 percent though CEO Ian Filby said improving metrics meant the UK's biggest sofa chain was confident of full-year earnings growth.

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The company behind the Kuka brand is investing €65 million and will own 51 percent of the joint venture
Upholstery giant Natuzzi has formalised an earlier-announced deal that will see Kuka invest in a joint venture that expands the Italian brand in Greater China.

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Export wins in Singapore should be worth £1m to Tetrad over the next year
Sofa maker Tetrad landed container orders from customers in more than half a dozen Far East countries as it exhibited in Singapore for the first time last week.

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