Upholstery News
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North Wales sofa maker Westbridge Furniture says it will have cut its revenue breakeven point by almost £33 million within the space of two years by the end of 2024.
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Shares in DFS rose to their highest level in more than 14 months during intra-day trading on Wednesday amid renewed investor confidence in a recovery for big-ticket consumer demand.
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The Yorkshire group behind the Bed Kingdom, Cuckooland, Flair Furnishings, Recoil and Noomi brands has entered the upholstery market with the launch of Solace+Co, a new sofa specialist.
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Upholstered furniture manufacturer and retailer Sofas & Stuff is looking to build a bigger business with trade customers after launching a membership programme aimed at contract specifiers.
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Improving operating cashflow helped Midlands upholstery group TCM Living invest in new assets, pay dividends to its owners and cover higher debt interest costs amid previously-signposted tougher trading last year.
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Colchester sofa maker Alstons Upholstery was the standout performer for TCM Living last year, maintaining sales and finding earnings growth.
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Furniture wholesaler Julian Bowen delivered class-leading profits again last year though its numbers were down on both a reported and pro-rata basis from the previous highs.
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A retail company wholly-owned by Italian upholstered furniture giant Natuzzi achieved growth at all three of its remaining London showrooms last year.
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Furniture and furnishings industry news in brief.
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Heritage upholstery maker and retailer Delcor has completed a prepack restructure that ensures the future of the brand, the jobs of its employees, and outstanding orders.
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Losses widened for furniture importer Annaghmore Agencies last year as margins remained at historically lower levels and turnover dropped by a further £2 million.
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Fashion-to-furnishings retailer Next has made a debt and equity investment in ecommerce homeware brand Rockett St George in a transaction that apes an earlier tie-up with Swoon.
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The Italian upholstery chain that acquired ScS earlier this year says it may consider selling the intellectual property of Snug, the sofa-in-a-box brand that has now closed to new orders.
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Senior leaders at upholstery chain ScS have resigned "en masse" as the transformation under new Italian owner Poltronesofà gathers pace.
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Upholstery retailer Sofology is to adopt a 'test and learn' approach as it undertakes the first remodels of its estate since DFS acquired the chain eight years ago.
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DFS is to briefly "deprioritise" its push into the mattress and wider home market in favour of its core upholstered furniture offer amid tough trading conditions.
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Upholstery market leader DFS slipped to a net loss in the year to end June as margin expansion and cost cuts failed to fully mitigate a near double-digit decline in revenue.
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A focus on product mix and cost discipline helped the U.K. arm of Stressless and IMG brand owner Ekornes keep profits within the same ballpark last year, despite a fall in revenue.
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Lebus Upholstery said a strong orderbook, a stabilisation of supplier prices and improved efficiencies combined with higher sales to boost its performance last year.
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Restructuring advisors supervising the company voluntary arrangement (CVA) of The Sofa & Chair Company filed a winding up petition against the London-based business late last week.
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Britain's sofa market declined double-digit last year as weak imports combined with a high single-digit decline in sales from U.K. manufacturers.
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An upholstery producer that used to be part of the same French group as British bed maker Sleepeezee is facing closure as a six-month insolvency process comes to a head.
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Natuzzi chief executive Antonio Achille has reaffirmed the Italian upholstered furniture giant's commitment to the U.K. market, saying it remains central to its growth plans.
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Finline Furniture, the vertically-integrated Irish upholstered furniture company, has opened its vast Dublin showroom after a year-long refurbishment project.
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Tough first half trading hit the top and bottom lines for the North Wales group behind direct-to-consumer brand Adjustamatic last year, but property provided cheer for the second year straight.
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A surge in shipments arriving from China meant upholstery imports jumped double-digits at the height of summer, new figures show.
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Furniture sales at the factory gate climbed for only the second time this year in July with the Office for National Statistics (ONS) also saying earlier figures were not as bad as first thought.
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Fifth-generation textiles company James Robinson Fibres is investing £750,000 on improvements to its head office and warehousing at the Euroway Industrial Estate in Bradford.
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Steve Morgan, one of the upholstered furniture sector's longest serving sales directors, has left the TCM Living manufacturing and import group.
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Paul Myerscough has left the Belfield Group after a decade as part of the senior leadership team at the private equity backed upholstered furniture producer.
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Shares in five of Asia's largest furniture and bedding manufacturers fell to a year-long low in early week trading amid a wider sell-off and the threat of new tariffs.
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Upholstery chain Sofas & Stuff says its North West factory now makes about two-thirds of the products required by its retail unit with the business having become increasingly vertical.
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Soft furnishings supplier Ashley Wilde saw profits fall by almost 90 percent last year as it booked one-off costs associated with the disposal of a Scottish fabrics producer it had acquired five years ago.
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European revenue was up by more than half for the former owner of a 22-store UK furniture chain in the first six months of 2024, mitigating weakness elsewhere.
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Upholstery market leader DFS is to introduce La-Z-Boy recliner sofas online and in stores from October as part of a new partnership between the two companies.
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The largest U.K. trading entity in the diversified Vita Group says margins came under pressure last year, particularly in areas such as finished mattresses.
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The longtime private equity backer of The Belfield Group has provided fresh funding to the upholstered furniture manufacturer as it follows through on its transformation programme.
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Almost half of the ScS store estate has now been remodelled as the retailer's transformation under new owner Poltronesofà gathers momentum.
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Upholstery vertical Sofa.com is to rebuild concession numbers having closed three shop-in-shop units inside Frasers stores so far this year.
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Upholstered furniture producer Morris Home Holdings has changed its corporate name with immediate effect.
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The upholstery conglomerate behind brands spanning Kuka Home to Rolf Benz said the U.K. presented opportunities amid slowing worldwide growth and flat first-half profits.
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Headlam Group, the U.K.'s largest floorcoverings distributor, has promoted its group marketing director to a new role heading up and building brands.
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Upholstery imports into the U.K. were lower in the first six months of 2024 ahead of the well-documented buying shift by ScS, the country's second largest sofa retailer.
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Sales to Andrew Martin International have more than trebled for South Wales upholstery producer Sofa-Icon in the past three years.
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Revenue at upholstery manufacturing and import group TCM Living almost halved in the second quarter as its AMX Design business unit suffered from a significant decrease in output.
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Onboarding larger retail customers helped Stressless and IMG owner Ekornes find growth in the U.K. and Irish markets in the second quarter, bucking a negative global trend.
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Furniture sales at the factory gate were lower on an annual basis for the seventh month in the past eight in June according to figures released Thursday morning.
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Upholstery giant Ekornes has found buyers for two of the factories jettisoned as part of a consolidation of its Far East manufacturing activities last year.
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The owners of West Midlands sofa maker ACL 2002 have put a new sales force in place to secure business with other retailers after ScS called time on a longstanding supply agreement.
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Upholstery vertical Arlo & Jacob will next month open its tenth store, meaning it has almost doubled its brick-and-mortar footprint in the past year.
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Cushion, seat pads and soft furnishings manufacturer Caldeira deleveraged after achieving strong profits last year.
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Furniture retailer Loaf maintained double-digit profit margins despite facing what it called significant headwinds last year. Cashflow was negative as it continued to unwind its large post-pandemic order book.
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Efforts to improve margin yielded an immediate uplift in profits last year at West Yorkshire based Global Components (U.K.), a key cog in the mattress and sofa supply chains.
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The West Yorkshire group behind the riser recline chair brand Restwell booked larger profits last year as revenue climbed and margin expanded.
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British Furniture Manufacturers (BFM) has brought together some of the U.K.'s largest furniture and bed manufacturers to try and seek a consensus view regarding fire regulations.
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Joanna Frost, the longstanding sales director and co-owner at East Midlands sofa designer and distributor Siren Furniture, has left the company.
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Andrew Davies will manage Ekornes' U.K. business while it decides on the next steps following the departure of James Thompson, whose exit we reported last week.
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Romo has for the first time revealed the financial heft that was required to complete a family buyout of the upholstery and furnishings fabrics group last year.
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Beds and furniture manufacturer and distributor Sweet Dreams has revealed its new-look logotype and brand identity.
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Texfelt, which specialises in non-wovens and PU foam replacements, has promoted Danny Shortall to global sales director amid a number of key hires and against a backdrop of sales growth in one of its key markets.
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Ekornes has hired from outside the industry for its new chief operating officer, with Fredrik Samson appointed to take on the role from the autumn.
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Upholstery manufacturer Westbridge is to enter a period of consultation with employees across its managerial and support functions as it addresses a tough market compounded by Marks & Spencer's decision to exit the bulky goods furniture market.
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Emerging sofa brand Cozmo raised cash at a high seven-figure valuation earlier this year as the direct-to-consumer business brought new investors on board.
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Hometime Group has doubled the store footprint of the Dreams brand in the Republic of Ireland and opened a first store in the south for its upholstery format.
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Premium upholstered furniture manufacturer Kingcome Sofas booked record profits in the past year as it benefitted from low operational gearing and an order book unwind.
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Mark Fleetwood is working out his notice after resigning as chief financial officer at ScS, the U.K.'s number two upholstery retailer.
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Sofa chain ScS has unveiled what it called a "radical change in concept and sensory impact" after opening the first eight of its new-look stores following its takeover by Poltronesofà.
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The head of flooring operations at ScS says he will leave the business following the retailer's exit from the flooring sector, a strategic move revealed by The Furnishing Report back in May.
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Sofa importers failed to make it three straight months of growth in May as shipments declined on weaker trade with Italy and China — two of the big three source nations.
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Upholstery retailer Sofa Club will this weekend open its largest space yet with the launch of a new store in Liverpool.
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Nabru, a pioneering ready-to-assemble sofa maker that has been selling upholstery direct to the consumer for over 20 years, has ceased trading with immediate effect.
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Chris Everist, commercial director at upholstery manufacturer Parker Knoll and a furniture industry stalwart of more than 35 years, is to retire.
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Noa Home, the Canadian ecommerce upholstery and mattress vendor with operations in four markets including the U.K., is to be wound down.
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Insolvency practitioners have fleshed out details of the restructuring of upholstery company Conker, which we first reported earlier in July.
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Currys chief financial officer Bruce Marsh is to take a non-executive board role at upholstery market leader DFS next month. He arrives as Loraine Martins OBE steps down.
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Turnover at the U.K. furniture factory gate declined in May as official figures for April, which had shown the first rise this year, were revised down.
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The South Yorkshire upholstery factory set up by general merchandise retail giant Next has in the past year returned its best-performance in the eight years since it began trading.
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Sofa.com, which has already seen two concessions close this year, faces the loss of a third with its West Country department store host to change hands.
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Direct-to-consumer upholstery vertical Distinctive Chesterfields is trading through new ownership following the insolvency of the brand's prior operating company.
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Upholstered furniture maker Conker plans to rebuild from its roots in Long Eaton amid a restructuring process that will see the privately-owned business downsize.
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The Cotswold Company, the mid–high end furniture retailer whose roots are in case goods, is expanding its upholstery offer amid strong sales in the category and an estate-wide store refurbishment programme.
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A third-generation furniture maker with more than a dozen factories across Asia is said to have rescued U.S. cabinet and upholstery distributor Hillsdale Furniture.
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Home and garden categories including outdoor furniture disappointed as Argos booked a drop-off in sales in the past three months.
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An East Midlands sofa maker that expanded rapidly through the pandemic is looking to restructure its operations against a backdrop of challenging trading conditions.
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High-end interior design and furnishings supplier Sanderson Design Group has warned on profits after already challenging U.K. trading conditions deteriorated further in the past two months.
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The founders of direct-to-consumer upholstery manufacturer Saxon Furniture have sold the company to its 79 employees ahead of their planned retirement.
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The parent company to East Midlands upholstery producer Celebrity Motion Furniture deleveraged last year, cutting outstanding debt by nearly a third.
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North West upholstery vertical Fleming & Howland paid down debt as it recorded a third straight year of six-figure profits through its 2022/23 period.
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The North West furnishing fabrics supplier behind the ILiv brand generated more than £3 million of operating cashflow last year, helping it pay down debt in a period when profitability was stronger.
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Upholstery vertical Natuzzi narrowed its first quarter net loss as the Italian conglomerate found further cost savings and reduced the rate at which sales have been falling.
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The historic Sofa Workshop brand has returned as a result of a collaboration between the I.P. owner and EZ Living Interiors, its exclusive retail partner in Ireland.
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Furniture and homeware retailer Loaf has confirmed its previously-signposted fourth London showroom will be opening this summer.
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The upholstered furniture manufacturer behind The English Sofa Company, The English Bed Company and The Chesterfield Company brands booked strong six-figure profits last year.
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Upholstery retailer ScS has launched a long-planned sofa collection in partnership with Stacey Solomon, the television personality, presenter and singer.
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The Italian upholstery retailer that completed a take-private deal for ScS earlier this year is keen to pilot its flagship Poltronesofà brand in the U.K.
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Upholstery imports into the U.K. climbed for the second month in a row on an annual basis in April, according to HM Revenue & Customs figures released Wednesday morning.
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Year-on-year turnover at the U.K. furniture factory gate climbed for the first time in six months in April in a sign that demand pressures may be cooling.
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Sofa market leader DFS says profits will be about half the level of previous guidance as a consequence of a tough market and delays to deliveries because of Red Sea shipping disruption.
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Man Wah, the world's largest recliner company, has revealed it made a vast increase in sales in the combined U.K., Irish and German markets in the past year as it ramped up its business with key customers.
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Beaulieu International Group (B.I.G.), the diversified Belgian industrial conglomerate with interests spanning flooring to sofa fabrics, is investing €5 million transitioning to renewable energy.
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Buoyant Upholstery and Bentincks, the company behind the Sofa Factory brand, have a settled a conflict of interest regarding the latter's Dorset sofa.
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Northern Ireland supplier Ulster Weavers returned to profit last year after saying earlier restructuring work combined with overhead repositioning had led to a strong result.
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Upholstery retailer Sofology has appointed a new creative agency to spearhead parts of its above and below the line marketing activities.
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The Sofa & Chair Company will have to write off a significant six-figure debt owed to it following the insolvency of a sister business that previously traded a high-end ecommerce furniture operation.
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The issue of tens of millions of pounds worth of shares vaporised past losses and transformed the balance sheet of sofa and furniture brand Swyft in the year prior to its takeover by Sleep Brands.
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Upholstery vertical Sofa.com is to open its first outlet store with a unit at the Junction 32 shopping destination in Castleford.
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The worldwide upholstery market is forecast to return to growth in 2025 after a hard time this year, according to a new report into the sector.
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Production of polyurethane (PU) foam, a major component in the manufacture of mattresses and upholstered furniture, expanded last year, despite tough end-user markets.
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Riser recliner chair and mobility retailer CareCo will take its national store footprint beyond 30 tomorrow with the opening of the first of two new showrooms in the East of England.
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ScS has begun a consultation regarding the proposed exit from the floorcoverings product sector in a move that would concentrate the retailer's offer on upholstery and selected furniture.
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More furniture manufacturers than not see orders rising in the next six months as they look to recover from a recent market downturn, according to a new poll by British Furniture Manufacturers (BFM).
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Steve Carson, chief executive at the U.K.'s number two sofa retailer ScS for the past three years, is to leave the company later this summer.
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Five major manufacturing and wholesale groups were responsible for a quarter of the U.K. upholstery market five years ago, but that has been whittled down to less than a fifth through the post-Brexit and pandemic period.
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Upholstered furniture manufacturer Westbridge has started work on a new design and development hub at one of its North Wales factories.
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Heritage furniture brand Parker Knoll has partnered in-the-home retailer Oak Tree Mobility for the launch of an exclusive line of made-to-measure rise and recline chairs.
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Upholstered furniture conglomerate giant Man Wah Holding has resolved its longstanding dispute with a U.S. component supplier regarding an alleged intellectual property infringement.
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The upholstery group behind the AMX Design, Alstons, Ashley Manor and Alexander & James brands booked a first quarter net loss as it grappled with a challenging trading backdrop.
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Upholstery volume growth helped revenue and profits advance at recliner giant Man Wah in the past year.
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CareCo, the reclining furniture and mobility products retailer, has detailed the costs of the catastrophic fire at its Essex warehouse headquarters last autumn.
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Revenue bounced back for northern and eastern European upholstery conglomerate Home Group in the past year as the market recovered from Russia's invasion of Ukraine.
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An investor with ties to a five-store furniture chain in the North West has added two interiors retailers to his portfolio, including a sofa retailer launched back in 2011.
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The owners of upholstered furniture manufacturer Tamarisk Designs have created a new corporate structure following ownership adjustments and management change last year.
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Furniture company Swyft, best known for its sofa-in-a-box programme, says its takeover by Sleep Brands will help fund its global expansion and product diversification.
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First quarter sofa and sofabed imports were marginally higher than year-earlier levels on much stronger shipments from both China and Poland, the two largest source nations. Volumes were up high single-digits.
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The entrepreneurs that last year saved the Dormeo mattress brand have acquired sofa-in-a-box business Swyft Home in a transaction that further consolidates the U.K. direct-to-consumer sector.
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U.K. furniture manufacturers' turnover declined for a fifth month in a row in March, representing the sharpest year-on-year decline since February 2021.
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Long Eaton manufacturer Conker Furniture has acquired John Sankey, Habbio and Eco Benchmade (EBL) in a strategic move it says will further its position as a premier player in the U.K. upholstery market.
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The managing director of Buoyant Upholstery says demand across the industry has fallen but the sofa manufacturer is retaining its share of the market.
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Embattled £14.5 million supplier behind riser recline furniture brand due high six-figure sum in previously-suffered customs duties.
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Profits climbed by half for Celebrity Motion Furniture through 2022/23 on continued strong demand for riser recliner chairs and margin expansion.
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Upholstered furniture manufacturer Ekornes is to streamline its senior leadership team in a move that will save costs and speed up decision-making.
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The upholstery conglomerate behind multiple brands including Kuka Home has reported higher profits for the third consecutive year, as revenue returned to growth.
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Storied sofa brand John Sankey and sofa-in-a-box vendor Habbio have a new production arrangement in place after the latest insolvency afflicting a manufacturing licensing partner.
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But Bacup trade foam and fibre fillings supplier maintains profits on lower sales costs and margin expansion.
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U.K. consumers are trading down according to the owner of upholstered furniture brands Stressless and IMG, handing comparatively more business to larger retailers.
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The allure of its brands and design archive helped Sanderson Design Group maintain profits in the past year as licensing gains offset weakness elsewhere in its business.
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A London based sofa-in-a-box brand founded in 2021 has raised more cash from investors via an equity issue that values the business at close to £6 million.
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Terms of the restructuring process at historic sofa maker and retailer Evans of High Wycombe are public for the first time, a year after the event.
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Italian brand has new look in popular West Yorkshire destination.
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A second Sofa.com concession is closing inside the first four months of this year as parent company Frasers Group pulls the shutters down on one of its historic department store sites.
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Sofa maker Tetrad featured extensively on Channel 4's Remarkable Renovations programme last week with host George Clarke given a behind the scenes tour of its Preston factory.
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Upholstered furniture market leader DFS temporarily reinstated its four-year interest free credit (IFC) offer this spring, a year after it was cut to three years to mitigate the rising cost of the proposition.
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Sofa imports into the U.K. climbed for the second straight month in February as goods trucked in from Poland helped make up for weaker trade with both China and Italy.
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Tough trading conditions for the U.K. upholstered furniture industry last year hit the top and bottom lines at Wade Spring, a key supplier to many leading manufacturers in the sector.
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But revisions mean earlier declines were not as bad as first reported, new and updated figures from the Office for National Statistics show.
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Sofa design and manufacturing group TCM Living has appointed PJ Chippendale as its new chief financial officer.
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French furniture company Roche Bobois is to acquire a majority stake in the company managing its 26-store retail operations in China, one of its most profitable and high potential markets.
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Profits fell sharply for the Mobus group last year as the Clarkson Coatings business the upholstery fabrics supplier acquired in 2022 was faced with a series of challenges.
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Officials tasked with setting director pay levels at upholstery market leader DFS have defended a higher-than-average increase for its CEO by citing retention and motivational reasons.
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Italian upholstery vertical Natuzzi has cited the U.K. market as pivotal to a plan to accelerate its worldwide strategy evolution from wholesale to retail.
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