Wholesale, Distribution & Logistics
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- BEDS & MATTRESSES
Comfy Quilts achieved an eighth successive year of growth last year as the bedding manufacturer and distributor saw turnover hit the nine-figure threshold for the first time.
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- RETAIL & DISTRIBUTION
DX Group has strengthened its position in the two-person home delivery market with the opening of new DX-2 Super Sites in Birstall, West Yorkshire and Wellingborough, North Northamptonshire.
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- SUPPLY & WHOLESALE
Plans have been unveiled for a residential-led development on the site of JTC Furniture’s long-standing factory in Dundee, paving the way for the manufacturer to move its operations to Dunsinane Industrial Estate.
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- FLOORCOVERINGS
Headlam Group said chief executive Chris Payne and chief customer officer Toni Wood have left the business as the floorcoverings distributor accelerates its transformation plan.
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- SUPPLY & WHOLESALE
The Gallery Direct furniture, beds and home accents group reported a net loss in 2024 after exceptional charges linked to the sale and leaseback of property, but it said the underlying performance improved.
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- FLOORCOVERINGS
STS Flooring Distributors said trading has picked up sharply since May after a slow start to the year, with sales across housing, healthcare and education flooring projects running 8 percent ahead of the same period last year.
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- UPHOLSTERY
Restructuring advisors at Kroll have enlisted agents to find a buyer for the business and assets of a now-insolvent £2 million manufacturer of cushions.
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- SUPPLY & WHOLESALE
Furniture supplier Julian Bowen has flagged the appointment of Stefan Warhaftig as chief executive as the Kirkby-in-Ashfield wholesaler supplier revealed lower sales and earnings for 2024.
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- FLOORCOVERINGS
Flooring conglomerate James Halstead paid higher dividends despite reporting lower revenue and earnings for the year to June 30, 2025, as weaker demand in Europe and Asia offset growth in North America and Malaysia.
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- FLOORCOVERINGS
Victoria said chief executive Philippe Hamers will step down next year after nearly a decade leading the flooring group, following the completion of refinancing arrangements for its 2026 debt maturities.
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- SUPPLY & WHOLESALE
Lincolnshire cabinet wholesaler Classic Furniture increased underlying earnings last year as tighter cost control lifted profitability despite weaker sales.
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- FLOORCOVERINGS
AW (Europe), the UK sales and distribution unit of Belgium-based flooring supplier Associated Weavers, returned to profit in 2024 after a sharp swing in gross margin offset lower sales in its core carpet business.
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- UPHOLSTERY
DFS has started providing two-person delivery services for two external retailers through its Sofa Delivery Company network, marking the first time the logistics arm has handled orders outside the group.
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- DEALS & FINANCE
Solida Capital, together with Alsara Investment Group and Vivium, has acquired Italian furniture maker Giorgetti from Progressio SGR and other minority shareholders.
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- SUPPLY & WHOLESALE
MillerKnoll’s international contract sales rose in the first quarter of its 2025/26 financial year, though orders fell as currency headwinds weighed on performance across Europe and other overseas markets.
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- TRADE & INDUSTRY
Donald Trump has said the US will introduce steep duties on imported furniture products including sofas as part of a wider package of trade measures.
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- SUPPLY & WHOLESALE
Storskogen, the Swedish investment group that owns UK furniture wholesaler Julian Bowen, has issued new bonds to refinance debt maturing later this year.
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- FLOORCOVERINGS
Luxury vinyl tile conglomerate Karndean maintained EBITDA last year despite a tough flooring market that hit sales volumes, according to newly-filed dollar-denominated accounts.
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- SUPPLY & WHOLESALE
Europe's largest manufacturer of home and workplace task seating enjoyed near double-digit revenue growth at its West Yorkshire based UK subsidiary last year.
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- SUPPLY & WHOLESALE
Employee pay in UK manufacturing rose to an all-time high level in the second quarter of 2025, beating the previous peak set last year.
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- FLOORCOVERINGS
Headlam is planning to sell its businesses in France and the Netherlands as part of the flooring group's transformation programme to simplify operations and release cash.
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- CASE GOODS
Cabinet furniture imports rose in July on continued strength in bedroom shipments and the living/dining, office and kitchen sub-categories all returning to growth after earlier falls.
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- FLOORCOVERINGS
Flooring group Headlam has lifted its profit improvement guidance under its transformation plan despite reporting a larger first-half loss.
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- UPHOLSTERY
Chinese sofa imports into the UK declined for the first time in over a year in July, but overall upholstered furniture shipments still climbed because of the ScS pivot to the Poltronesofà supply chain.
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- FLOORCOVERINGS
Imports of floorcoverings into the UK rose in July on the back of stronger orders across all categories including the carpets, vinyl and wood segments.
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- SUPPLY & WHOLESALE
Furniture manufacturers' combined turnover climbed at its fastest pace since August 2022 in July with official figures for June also revised upwards.
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- SUPPLY & WHOLESALE
Morgan Furniture, the £3.7 million turnover manufacturer based in Hampshire and with a showroom in London, has closed after a Hilco-led sales process failed to result in a going concern sale.
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- FLOORCOVERINGS
North West based carpet and rug supplier Couristan Carpets (UK) moved to a loss in 2024 in a period that saw it change the way the US-owned business recognises revenue.
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- UPHOLSTERY
Ashley Manor and Alexander & James, the sofa businesses majority owned by Thailand-listed TCM Corporation (TCMC), filed new notices of intent to appoint administrators in court yesterday afternoon (Sep. 9, 2025).
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- SUPPLY & WHOLESALE
Designers Guild has revealed it received a £10 million cash injection after selling its intellectual property and design archive to Dunelm and through the partial repayment of a director loan.
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- FLOORCOVERINGS
Expanding floorcoverings supplier Likewise Group has outlined plans to lift sales beyond £250 million as it reported higher first-half revenue and profit.
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- FLOORCOVERINGS
Flooring distributor Likewise Group has received planning permission to enlarge its South Wales facility in Newport, creating a distribution hub for its networks.
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- SUPPLY & WHOLESALE
The liquidators of Dorset furniture maker Jonathan Sainsbury have confirmed that the company’s assets were sold to a connected party shortly after its collapse last year.
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- SUPPLY & WHOLESALE
The UK Government has launched a wide-ranging consultation to modernise design rights and strengthen protection for the country’s £100 billion design sector, which includes the furniture and home interiors industries.
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- CASE GOODS
Cabinet importer and wholesaler Qualita has moved to a new registered office following the closure of a London furniture and interiors store.
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- CASE GOODS
Kitchen manufacturer Burbidge refinanced existing debt with a new £1.2 million loan and additional shareholder funding last year in a period when margin expansion helped narrow losses.
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- SUPPLY & WHOLESALE
Recoverability of intra-group debtor balance among myriad issues facing one-time £4 million North West company.
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- CASE GOODS
James Latham, a major supplier to the cabinet furniture and wood flooring sectors, has received planning approval to build a national distribution centre in East Anglia, a move the timber products distributor first signalled in late 2024.
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- BEDS & MATTRESSES
A new mattress brand called Higgy’s will launch at this autumn's NBF Bed Show, backed by former Foam Company chief executive Mike Nash and ex-Mammoth head of brand Kris Wood.
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- SUPPLY & WHOLESALE
Creditors of David Phillips Furniture are facing heavy losses after administrators said recoveries from the failed interiors business will fall far short of what is owed.
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- SUPPLY & WHOLESALE
Furniture supplier GFW says it is on target for growth north of 25 percent in its current financial year after strong first-half trading, with record revenues reported in three of the first six months. That follows high single-digit revenue growth last year.
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- SUPPLY & WHOLESALE
Norfolk Leisure Lifestyle, the King’s Lynn-based garden furniture supplier to retailers including Dunelm and Wayfair, saw profits decline sharply in the year to November 30, 2024, as weaker sales and thinner margins hit earnings.
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- UPHOLSTERY
The Chinese upholstery group behind the Kuka Home brand reported higher sales and earnings in the first six months of 2025 as its retail transformation in its domestic market and growth overseas contributed to gains.
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- DEALS & FINANCE
Buyout terms for Warwickshire-based Factory Direct Flooring disclosed for the first time following takeover.
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- SUPPLY & WHOLESALE
Higher costs led to a sharp fall in profitability at Joseph Joseph last year despite the kitchen and housewares brand achieving broadly flat sales.
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- TRADE & INDUSTRY
President Trump has announced a new investigation into imported furniture that could lead to fresh tariffs on overseas shipments into the US.
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- CASE GOODS
Higher shipments from China were not enough to mitigate weaker imports from elsewhere as cabinet furniture arrivals fell for the third month in a row in June.
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- FLOORCOVERINGS
Flooring imports into the UK declined in June on the back of weaker figures from both the carpets and vinyl product categories. Wood flooring shipments were higher for the second straight month.
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- UPHOLSTERY
Humber Services, a Rotherham-based logistics operator that specialised in deliveries for companies spanning upholstery retailers to direct-to-consumer brands, has been placed into administration.
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- SUPPLY & WHOLESALE
A failed partnership with a Chinese supplier pushed importer and wholesaler B Womack Furniture into administration earlier this month, with the business and assets sold in a connected-party pre-pack deal.
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- RETAIL & DISTRIBUTION
Wincanton has secured a three-year contract to manage warehousing and distribution for Futon Company, expanding a home sector client roster that includes Loaf, Sofa.com and IKEA.
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- SUPPLY & WHOLESALE
The group behind the Bramblecrest outdoor furniture business has returned over £19 million to its owners over the past two financial years, according to newly-filed accounts.
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- TRADE & INDUSTRY
Joanna Knight has been named chair of the Furniture Industry Sustainability Programme (FISP) steering group, succeeding Jessica Alexander.
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- BEDS & MATTRESSES
Somnigroup International has invested $25 million in biosensing AI company Fullpower-AI, acquiring a 15.6 percent stake and extending its exclusive licensing deal for sleep tracking technology through 2036.
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- SUPPLY & WHOLESALE
Sanderson Design Group is planning to cut annualised central overheads by a further £1 million as part of a new cost-saving initiative, the luxury furnishings group said in a half-year trading update Thursday.
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- FLOORCOVERINGS
Floorcoverings distributor Likewise Group has secured new capital through an institutional equity subscription to support future growth investments.
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- SUPPLY & WHOLESALE
Interior design and furniture consultancy Space Zero is to increase headcount by nearly 20 percent as the Manchester-based business targets annual revenue of more than £10 million by March 2027.
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- DEALS & FINANCE
The new majority owner of Symphony has disclosed the terms of its investment in the South Yorkshire cabinet furniture giant for the first time.
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- BEDS & MATTRESSES
Direct-to-consumer mattress company Origin Sleep has filed amended accounts for its UK operation showing a larger-than-first-reported shortfall for the 2023/24 period.
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- DEALS & FINANCE
HNI Corporation has agreed to acquire Steelcase in a transaction valued at approximately $2.2 billion. The deal will combine two of North America's largest office furniture manufacturers and is expected to close by the end of the year.
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- SUPPLY & WHOLESALE
A back-to-back increase in sales saw furniture wholesaler Birlea book all-time record high revenue last year.
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- FLOORCOVERINGS
A historic north London distributor has rebranded in a move that better reflects its "deep-rooted expertise in the world of wholesale rugs."
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- BEDS & MATTRESSES
Mattress and bedding giant Tempur UK said it has made a positive start to 2025 with its new Pro and Arc mattress ranges continuing to perform well, and helping it maintain momentum from last year.
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- BEDS & MATTRESSES
The company behind the Mlily brand expects net profit to more than double in the first half of 2025, with growth attributed to steady revenue increases and strengthened brand development in domestic and overseas markets.
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- UPHOLSTERY
Colefax Group reported a higher order intake at its Kingcome furniture business despite a fall in delivered sales in the year to April 30, 2025.
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- UPHOLSTERY
Upholstery brand Cozmo widened its shareholder base with the issue of additional A ordinary shares following the fresh capital injection disclosed earlier this year.
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- RETAIL & DISTRIBUTION
Furniture retailer The Cotswold Company has secured a second distribution site at Fradley Park in Lichfield to support its national growth strategy.
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- FLOORCOVERINGS
Mohawk Industries, the world's largest flooring company and a major player in the UK, said its European markets remain constrained by low residential remodelling and construction in the second quarter.
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- FLOORCOVERINGS
Victoria's decision to end large-scale woven rug manufacturing at Balta’s Belgian factories will lead to more 500 jobs going under a restructuring programme driven by cost and demand pressures.
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- RETAIL & DISTRIBUTION
Howdens is expanding its bedroom furniture offer to cater to a broader range of styles and budgets, building on what it called the success of its existing portfolio, the company said as it released half-year results on Thursday.
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- RETAIL & DISTRIBUTION
Roche Bobois says the timing of its previously-signposted London flagship store relocation to a premium site in Hampstead will happen before the end of 2025.
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- TRADE & INDUSTRY
The Furniture Makers’ Company and the Sylva Foundation have launched a new national network to support woodworking teachers and craft educators across the UK.
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- FLOORCOVERINGS
Victoria has secured support from over 90 percent of bondholders to refinance its €489 million senior secured notes, extending their maturity by three years in a move the company says will enhance liquidity and support its self-help initiatives.
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- SUPPLY & WHOLESALE
Annaghmore Agencies reported higher revenue and a return to statutory profit last year as the Northern Ireland based furniture importer reversed falling revenue and margins.
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- UPHOLSTERY
Upholstery supplier Tamarisk has named Deborah Dickinson as head of sales, further building out its senior leadership team as it seeks to grow its presence across the UK market.
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- UPHOLSTERY
UK sofa production has fallen by nearly a quarter in two years, as new figures reveal a sharp drop in manufacturing output last year. Mattress production, by contrast, remained broadly stable.
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- FLOORCOVERINGS
UK carpet manufacturing turnover declined in 2024, driven by weaker results in the tufted segment, new official data shows. Woven carpet turnover increased over the same period.
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- ECOMMERCE
Delivery giant Wincanton has renewed its omnichannel logistics agreement with Nkuku, the c. £17 million homeware and furniture brand, for a further five years.
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- SUPPLY & WHOLESALE
Cabinet furniture distributor PWS has refreshed its design centres with new kitchen, bedroom and home office displays, along with an expanded product sampling area and upgraded meeting spaces for customer consultations.
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- FLOORCOVERINGS
Flooring group Headlam said revenue trends continued to improve through the second quarter, with UK sales and volumes returning to year-on-year growth in June for the first time since early 2022.
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- BEDS & MATTRESSES
Direct-to-consumer mattress brand Emma Sleep has disclosed that British sales fell by almost €44 million in the post-pandemic period, according to new accounts filed in its homeland.
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- TRADE & INDUSTRY
Industry and regulatory experts convened at SATRA’s Kettering headquarters last week for a British Furniture Association (BFA) event examining legislative developments affecting the furniture sector.
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- FLOORCOVERINGS
Flooring giant Headlam has completed the sale and leaseback of its Tamworth distribution centre for £21.75 million, part of its ongoing transformation plan.
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- UPHOLSTERY
JDP Furniture Group has concluded its company voluntary arrangement (CVA) over a year ahead of schedule after settling all creditor claims in full, driven by improved trading at its Celebrity Motion Furniture subsidiary.
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- FLOORCOVERINGS
Flooring imports returned to growth in May as renewed strength in carpet shipments offset a first decline in vinyl since the spring of last year.
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- CASE GOODS
Cabinet imports into the UK cooled ahead of the summer as modest growth in bedroom, kitchen and home office was tempered by falling shipments in living/dining.
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- TRADE & INDUSTRY
The first half of 2025 saw the lowest number of UK furniture, floorcoverings and furnishings companies filing for insolvency in three years.
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- BEDS & MATTRESSES
UK mattress imports rose year-on-year for the second consecutive month in May, led by a sharp increase in shipments from premium brand Tempur.
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- SUPPLY & WHOLESALE
David Phillips Furniture Group, a major supplier to the UK’s residential property and build-to-rent sectors, has entered administration following prolonged financial strain and a failed attempt to secure a solvent outcome.
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- SUPPLY & WHOLESALE
West Yorkshire flatpack furniture importer Lassic lifted annual earnings as it worked to contain costs amid higher sales volumes, with the company also exploring plans for a new warehouse to support future growth.
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- RETAIL & DISTRIBUTION
Andrew Martin International recorded a fall in annual profit last year, as lower sales and higher costs weighed on the interior design and furniture company's bottom line.
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- BEDS & MATTRESSES
A privately-owned discount beds retailer with stores across the North West and Staffordshire has cut its store footprint amid an insolvent restructuring process.
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- TRADE & INDUSTRY
The British Furniture Confederation (BFC) pressed the case for the UK furniture industry in Parliament this week, raising recognition of its economic value, and urging Government to ensure policies support its progress.
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- COMMUNITY
AIT Home Delivery has joined The Furniture Makers’ Company as a corporate member, aligning the two-person delivery specialist with the City of London livery company and furnishing industry charity.
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- UPHOLSTERY
Mobus Fabrics, a key supplier of upholstery fabrics to UK sofa manufacturers, said its sales run rate was positive at the end of its financial year, positioning the company well for the current 2024/25 trading period.
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- FLOORCOVERINGS
Designer Contracts, the major flooring supplier to the new-build housing market, recorded lower sales last year following a post-pandemic boost that had lifted turnover to its highest level since before Covid.
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- CASE GOODS
Nolte Möbel’s UK business entered administration after its sole supplier ceased fulfilling orders without notice, leaving the company unable to operate.
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- SUPPLY & WHOLESALE
David Phillips, a major furniture supplier to the rental and development property sectors, has filed a notice of intent to appoint an administrator (NOI).
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- UPHOLSTERY
Italian upholstery conglomerate Natuzzi has charged Antoine Nicolay with boosting its UK and Ireland operations as part of a broader push to improve performance across key markets.
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- SUPPLY & WHOLESALE
Bentley Designs further reduced its debt load during its 2023/24 financial year as the cabinet furniture supplier continued to generate cash amid ongoing market challenges.
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- FLOORCOVERINGS
Victoria has agreed a new £130 million super senior facility as part of the flooring conglomerate's refinancing strategy, replacing an existing revolving credit line that was due to mature in February 2026.
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- RETAIL & DISTRIBUTION
The flooring retail and wholesale group behind Wilsons Carpets and Online Carpets more than doubled profits last year in a period that saw strong cashflow bolster its balance sheet.
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- FLOORCOVERINGS
Likewise Group reported continued sales growth and network expansion in an AGM statement on Friday, saying the UK floorcoverings distributor remained on course to meet market expectations for the full year.
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- RETAIL & DISTRIBUTION
Dunelm soft furnishings supplier Cleland McIver made substantial capital investments in its latest financial year as part of a wider plan to consolidate its operations and expand future capacity.
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- SUPPLY & WHOLESALE
Ecommerce furniture and home retailer Cox & Cox has relaunched its trade account service, offering tiered discounts and personalised account management to interior designers, stylists, architects and landscapers.
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- SUPPLY & WHOLESALE
Hooker Furnishings reduced losses in the first quarter after opening a new warehouse in Vietnam, part of a wider programme of cost reductions it expects to eventually save $25 million annually.
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- SUPPLY & WHOLESALE
Furnishings supplier Sanderson Design Group said trading remains in line with board expectations after its order intake improved and its latest product collection saw strong early sales.
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- SUPPLY & WHOLESALE
Five Scottish SMEs have secured places on a national furniture framework expected to generate significant business over the next four years.
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- SUPPLY & WHOLESALE
The group behind the Coach House furniture and home interiors wholesale business booked higher underlying profits last year despite a double-digit decline in revenue amid softer trading conditions.
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- TRADE & INDUSTRY
The value of global furniture trade climbed modestly in 2024 following a sharp contraction the previous year, according to the June edition of CSIL’s World Furniture Outlook 2025/26.
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- SUPPLY & WHOLESALE
Furniture maker Dams increased its net profit in the year to September despite a drop in revenue, aided by a reduced tax charge.
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- RETAIL & DISTRIBUTION
But Sofa.com, Loaf and IKEA help Wincanton partially mitigate Marks & Spencer pulling out of big-ticket bulky furniture goods.
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- RETAIL & DISTRIBUTION
Sharps Bedrooms recorded a skinny single-digit decline in underlying earnings last year despite lower revenue, according to a press release issued ahead of the company's full-year accounts becoming public.
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- COMMUNITY
Big Shots, the furnishing industry’s annual clay pigeon shoot, raised a record sum for charity as it marked its 30th anniversary with a landmark event attended by over 160 people from across the sector.
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- UPHOLSTERY
Recliner manufacturer La-Z-Boy has written off the full value of goodwill from its UK wholesale and manufacturing operations following the loss of a key customer and a decline in regional financial performance.
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- SUPPLY & WHOLESALE
The European office furniture market has held steady at over €9.5 billion, supported by rising imports across key territories including Germany, the United Kingdom, and France according to a new report.
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- CASE GOODS
South Yorkshire cabinet group Symphony, one of Europe's largest manufacturers of fitted kitchen, bedroom and bathroom furniture, increased its cash holdings by over two-thirds last year as it strengthened its balance sheet ahead of a majority share sale.
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- CASE GOODS
Imports of wood cabinet furniture fell for the first time since August at the start of the second quarter as all of bedroom, living, dining, kitchen and office trended lower on a year-on-year basis.
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- SUPPLY & WHOLESALE
ArrowXL, a major delivery partner to the UK furniture and beds industry, has been acquired by the French logistics company Jacky Perrenot Group in a deal that marks the group’s first entry into the UK market.
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- BEDS & MATTRESSES
Mattress imports returned to growth in April on the back of stronger shipments from Poland and China, two of the UK's top four trading partners in the category.
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- SUPPLY & WHOLESALE
Pacific Lifestyle reported a skinny six-figure loss for 2024 after experiencing tighter margins, bad debts and rising costs, despite sales inching higher compared with the previous year.
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- SUPPLY & WHOLESALE
Valley Wholesale Carpets, a large distribution arm of listed flooring group Likewise, saw profits decline in 2024 as sales eased in a challenging market.
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- FLOORCOVERINGS
Carpet imports into the UK declined in April but overall flooring shipments remain close to flat thanks to the continued strength of the vinyl category.
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- UPHOLSTERY
Upholstered furniture imports into the UK rose again in April, extending a seven-month run of year-on-year growth.
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- SUPPLY & WHOLESALE
Shares in Dexelance, the furniture investment group formerly known as Italian Design Brands, have slumped to their lowest level, shaving a third off the company's value compared with this time last year.
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- SUPPLY & WHOLESALE
High-end Italian designer furniture company Poltrona Frau reduced accumulated losses at its UK subsidiary in the year after it booked record revenue here.
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- UPHOLSTERY
Upholstery sales in the UK, Irish and other European markets grew even faster than was first apparent, according to new figures released by recliner conglomerate Man Wah Holdings late last week.
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- SUPPLY & WHOLESALE
The British arm of the German furniture fittings group Häfele reduced its shareholder payout in 2024 even as profits rose sharply, newly-filed accounts show.
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- SUPPLY & WHOLESALE
Maxfurn, the Netherlands-headquartered furniture maker and wholesaler, has expanded its UK and Ireland sales team with the appointment of Kyle Hutchinson as area sales manager for the North.
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- BEDS & MATTRESSES
Bed retail giant Sleep Country Canada has acquired Simba Sleep according to new regulatory filings, marking a new phase for the fast-growing UK direct-to-consumer mattress and bedding brand.
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- SUPPLY & WHOLESALE
Omar Hoek, group CEO of The Vita Group, has been appointed to the board of directors of Europur, the European association representing flexible polyurethane foam manufacturers. His election was confirmed at the organisation’s general assembly being held in Benidorm this week.
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- SUPPLY & WHOLESALE
Caldeira reported higher profits last year in a period that saw the cushion and throw manufacturer reduce debt and securing new major accounts in both the UK and US.
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- SUPPLY & WHOLESALE
The owner of Julian Bowen, one of the UK's largest furniture suppliers, says the business has begun a recruitment process to find a new chief executive.
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- BEDS & MATTRESSES
The China-headquartered mattress and foam products manufacturer behind the Mlily brand reported a sharp rise in quarterly earnings as international ecommerce demand boosted revenue.
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- FLOORCOVERINGS
Headlam Group narrowed its year-on-year revenue decline to 1.4 percent in April, continuing a sequential improvement from the start of the year.
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- CASE GOODS
Cabinet furniture imports rose for the seventh straight month on a year-on-year basis in March on the back of continued strength in bedroom and a return to growth for kitchens units.
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- UPHOLSTERY
Sales growth accelerated for direct-to-consumer upholstery and furniture brand Swyft last year amid ownership change and plans to expand internationally.
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- UPHOLSTERY
A continued upturn in the value of goods arriving from China, Italy, France and Poland boosted sofa imports at the end of the first quarter.
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- FLOORCOVERINGS
Carpets led improved flooring trade data in March, with imports into the UK growing faster in that segment than alternatives such as vinyl.
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- SUPPLY & WHOLESALE
Profits returned at Hampshire lighting manufacturer Elstead last year as it built on a return to growth, achieved significant gross margin expansion, and lapped high one-off expenses.
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- CASE GOODS
Restructuring advisors at Leonard Curtis lined up to handle potential insolvency.
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- SUPPLY & WHOLESALE
Likewise Group says it is now committed to increasing its operational gearing with the multi-site flooring supplier saying its major phase of capital investment is largely complete.
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- BEDS & MATTRESSES
The group behind West Yorkshire mattress maker Highgrove Beds booked higher profits in the year before last after a third straight year of growth and a lower tax liability.
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- CASE GOODS
The British subsidiary of German bedroom company Nolte Möbel has formally called in restructuring advisors, three weeks after warning creditors of its impending insolvency.
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- TRADE & INDUSTRY
Furniture and furnishings industry news in brief.
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- FLOORCOVERINGS
Mohawk Industries expects to incur $50 million in annualised costs following the rollout of US tariffs on imports, the company said as it released its first quarter results.
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- FLOORCOVERINGS
Victoria expects full-year revenue to top £1.11 billion as operational improvements delivered a stronger fourth quarter, the company said in a trading update on Tuesday.
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- RETAIL & DISTRIBUTION
ScanCom International will close its LifestyleGarden distribution centre and showroom in the UK, with operations at its South East-based subsidiary to cease by the end of August.
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- FLOORCOVERINGS
Restructuring advisors say the sale of freehold property assets could yield a return for trade suppliers of Adam Carpets, the heritage Kidderminster carpet maker placed into administration in March.
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- CASE GOODS
The UK arm of German bedroom furniture company Nolte Möbel filed a second notice of intent to appoint administrators (NOI) on Friday, keeping creditors at bay another two weeks.
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