Wholesale, Distribution & Logistics
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- SUPPLY & WHOLESALE
A UK furniture supplier owned by Chinese manufacturer Loctek has taken a 130,000sqft distribution centre in Northamptonshire for its expanding UK operation.
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- BEDS & MATTRESSES
Three-quarters of the turnover of the UK bed market at wholesale prices remains in the hands of just a handful of British and international manufacturers and suppliers.
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- FLOORCOVERINGS
Half-year losses widened at flooring conglomerate Victoria after it wrote down the value of assets in its soft flooring and ceramics businesses by £120 million.
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- BEDS & MATTRESSES
Tempur has announced the death of longtime area manager Andrew Soutar, describing him as a much-loved and popular member of the team and one of the foundation stones for the brand in the U.K. and Ireland.
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- FLOORCOVERINGS
The managing director of flooring distributor TradeChoice Carpet & Flooring has left the business for a new role elsewhere in the home interiors sector.
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- UPHOLSTERY
The CFO of La-Z-Boy says the company expects sales through DFS to begin to accelerate in the final quarter of its financial year as it shrugs off the impact of its tie-up with ScS ending.
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- BEDS & MATTRESSES
Losses were almost five-fold higher through 2024 for Mammoth Sit and Sleep ahead of the bed company completing a prepack restructure last month.
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- UPHOLSTERY
Two straight months of upholstery import growth into the U.K. came to an end in September despite robust figures from the two largest source markets.
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- CASE GOODS
Higher shipments of living and dining wood furniture helped case goods imports to their first year-on-year rise in five months in September.
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- FLOORCOVERINGS
Flooring imports into the UK climbed in September despite a fifth straight slide in the carpet category. The increase was driven by higher shipments of vinyl and wood flooring.
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- BEDS & MATTRESSES
Growth returned to the mattress import category at the end of the third quarter despite weaker figures from three of the four most important source nations.
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- SUPPLY & WHOLESALE
Upholstery and furnishings group Belfield says it is proposing to exit the soft furnishings market with an expected wind-down of its Belfield Home business by the end of January.
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- UPHOLSTERY
TCM Living, the upholstery group behind the Ashley Manor, Alstons, AMX Design, and Alexander & James brands, saw its third quarter net loss double as it faced up to multiple market challenges.
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- FLOORCOVERINGS
Shares in Victoria declined further last week despite the flooring conglomerate saying it believes demand is returning to the market and that it has plenty of time to secure an optimal refinancing of its debts.
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- COMMUNITY
Sarah Bianchi and Gisela Lancaster are among the headline panellists for the Women In Furniture Network's (WIFN) Celebrate Success event, slated to take place during the January Furniture Show early next year.
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- CASE GOODS
High-end British furniture maker Benchmark further bolstered cash reserves through 2023/24 in a period where sales bounced strongly from a prior-year decline.
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- FLOORCOVERINGS
Flooring conglomerate Victoria's share price has fallen more steeply since the end of October with the price dropping close to a decade-long low.
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- RETAIL & DISTRIBUTION
The leader of Tempur Sealy International cited the "fabulous performance" of U.K. beds market leader Dreams as the world's biggest bedding company found third quarter revenue and earnings growth.
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- CASE GOODS
The owner of Corndell and Global Home says both cabinet furniture suppliers will book gains this year on a mix of revenue growth and lapping a period when the value of stock was depreciated.
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- SUPPLY & WHOLESALE
Castle Donington furniture and beds supplier Birlea booked higher profits last year after its top line bounced back strongly from a fall in sales the previous year.
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- SUPPLY & WHOLESALE
A launch into new product categories and wider gross margin helped profits rise last year for NLC Group, the lighting conglomerate that shares ownership in common with Gallery Direct.
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- FLOORCOVERINGS
Profits declined for the second straight year at Brookvale through 2023/24 as the large independent floorcoverings group absorbed higher costs.
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- BEDS & MATTRESSES
The Far East mattress and foam conglomerate behind the Mlily brand wrote down the value of its debtor book in the third quarter resulting in a loss for the period.
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- SUPPLY & WHOLESALE
A property sale and stronger profits has left household textiles supplier Rapport Home with a large cash pile it says it may use to make strategic acquisitions.
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- TRADE & INDUSTRY
Industry news in brief.
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- FLOORCOVERINGS
Major suppliers of smooth floorcoverings are among the largest creditors of International Decorative Surfaces (IDS), the diversified distributor that filed for insolvency earlier this autumn.
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- UPHOLSTERY
Underlying losses almost doubled at direct-to-consumer upholstery and furniture brand Swyft in the year leading up to its spring sale to new investors.
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- UPHOLSTERY
UK and Ireland revenue almost doubled for Stressless and IMG brand owner Ekornes in the third quarter as it lapped a weak comparative last year.
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- UPHOLSTERY
Third quarter profits declined for the upholstery conglomerate behind the Kuka Home and Rolf Benz brands, putting it at risk of a first full year drop in earnings in the post pandemic era.
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- TRADE & INDUSTRY
Furniture and furnishings news in brief.
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- FLOORCOVERINGS
Lower costs and lapping a nine-figure goodwill write down boosted profits at flooring conglomerate Mohawk Industries in the third quarter.
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- SUPPLY & WHOLESALE
Assets of Kettle Home including unencumbered stock, goodwill and other intellectual property rights were sold prior to the furniture wholesaler collapsing earlier this month.
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- SUPPLY & WHOLESALE
Bust furniture wholesaler Kettle Home leaves creditors facing a forecast shortfall of £5.3 million according to statutory fillings made public over the weekend.
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- UPHOLSTERY
Italian sofa manufacturer and retailer Natuzzi says it will re-enter key European markets like Germany and France as part of a renewed emphasis on wholesale.
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- RETAIL & DISTRIBUTION
Furniture and homeware company The Conran Shop has launched a new trade concept as part of a plan to increase its business with design and interiors professionals.
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- TRADE & INDUSTRY
The managing director of British Furniture Manufacturers (BFM) has called on industry to act immediately on Environmental and Social Governance (ESG) amid a paradigm change in thinking among legislators and consumers.
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- CASE GOODS
Wood furniture imports declined double-digit in August on the back of a fourth straight fall in the living/dining segment and a sharp drop in the value of kitchen arrivals.
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- BEDS & MATTRESSES
West Yorkshire manufacturer Dura Beds is to be the new manufacturing partner for Mammoth, the mattress and bedding products brand.
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- SUPPLY & WHOLESALE
Stakeholders in the bust Kettle Home business have written to customers outlining plans to recommence furniture wholesale operations through a new company. At the same time, unpaid suppliers have been trying to find buyers for Kettle products in transit.
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- BEDS & MATTRESSES
The owner of mattress and bedding brand Mammoth has completed an insolvent restructure after one of his group companies was placed into administration.
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- FLOORCOVERINGS
A third straight rise in vinyl flooring imports was not enough to lift the entire flooring category as weak figures in the carpets segment dragged the total down.
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- SUPPLY & WHOLESALE
Ercol says order intake improved through 2023 but much of it came too late to prevent the furniture maker's bottom line taking a hit in its just-reported financial year.
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- FLOORCOVERINGS
North West underlay company acquired by Victoria-owned market leader Interfloor Group.
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- BEDS & MATTRESSES
Foam and sprung mattress imports into the U.K. declined for the third time in four months in August having risen throughout the January–April 2024 period on a year-on-year basis.
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- FLOORCOVERINGS
The CEO of flooring conglomerate Victoria says the industry is experiencing its worst decline in three decades with the wider market materially below pre-pandemic levels.
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- UPHOLSTERY
Upholstery imports into the UK climbed for the second straight month at the height of summer as buyers turned to suppliers in the Far East.
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- BEDS & MATTRESSES
Mattress and bedding brand Simba Sleep booked eight-figure adjusted U.K. profits last year with its CEO saying its performance has continued into 2024.
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- SUPPLY & WHOLESALE
Furniture manufacturer Teemo Designs has appointed John Watkinson, the former head of furniture and operations director at Habitat, as its non-executive chairman.
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- SUPPLY & WHOLESALE
Restructuring advisors handling the insolvency of furniture wholesaler Kettle Home say the sharp rise in the costs of shipping made the business unsustainable.
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- BEDS & MATTRESSES
The new owner of direct-to-consumer mattress and bed brand Dormeo says the business has plenty of headroom for growth as it looks to maintain momentum after a period of rebuilding.
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- SUPPLY & WHOLESALE
Customers of Kettle Home have been warned regarding delivery of outstanding orders amid a renewed insolvency threat facing the Northamptonshire furniture wholesale operation.
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- SUPPLY & WHOLESALE
A phoenix operation named after a popular outdoor furniture brand has emerged following the collapse of Essex supplier Glencrest Seatex late last month.
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- UPHOLSTERY
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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- BEDS & MATTRESSES
A Lancashire retailer of filled bedding and bed linen has ceased trading with debts of nearly £1.5 million, mostly owed to its owner and the U.K. tax authorities.
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- SUPPLY & WHOLESALE
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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- BEDS & MATTRESSES
Stakeholders at the Mammoth Group are understood to be closing in on a reorganisation that aims to secure the future of the mattress and bedding business.
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- FLOORCOVERINGS
Large South East flooring distributor STS hopes the purchase of goods through two key buying groups will boost market share and enhance future profits.
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- TRADE & INDUSTRY
Business failure across the U.K. furniture, furnishings and floorcoverings sectors is tracking well down on the record levels seen last year after three complete quarters.
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- FLOORCOVERINGS
A big leap in luxury vinyl tile (LVT) sales helped Belgian carpet and flooring conglomerate Associated Weavers maintain overall U.K. revenue last year.
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- SUPPLY & WHOLESALE
Losses narrowed at wholesale group Likewise in the six months to end June as the flooring distributor navigated challenging market conditions to find both growth and margin.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
Closing a loss-making overseas subsidiary was a drag on the bottom line for the Gallery Direct group last year, but it still proved a more robust period for the furniture, mattress and home accents distributor.
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- FLOORCOVERINGS
Luxury vinyl tile giant Amtico more than doubled profits last year as gross margin expansion mitigated weaker trading in mainland Europe. U.K. sales were higher.
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- BEDS & MATTRESSES
Direct-to-consumer and wholesale mattress and sleep ancillary products brand Emma Sleep is to open its second U.K. store and its first outside London.
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- FLOORCOVERINGS
Revenue and profits were close to flat at the North West group behind manufacturer, distributor and flooring insurance claims handler Cavalier Carpets last year.
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- BEDS & MATTRESSES
The U.K. bed market was the strongest big-ticket home category last year despite a decline in sprung mattress volumes, new data shows.
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- UPHOLSTERY
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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- SUPPLY & WHOLESALE
Headlam Group, the U.K.'s largest flooring supplier, says it plans to sell its vast Ipswich distribution centre as part of a wider aim of simplifying its network.
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- BEDS & MATTRESSES
Direct-to-consumer and wholesale mattress company Emma Sleep has exited multiple European consumer markets as part of a reorganisation process.
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- FLOORCOVERINGS
Restructuring specialists at FRP Advisory remain hopeful of securing a sale of the business and assets of International Decorative Surfaces (IDS) despite the company being placed into administration.
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- TRADE & INDUSTRY
Furniture and furnishings industry news in brief.
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- RETAIL & DISTRIBUTION
The U.K. last-mile delivery arm of German logistics giant Rhenus acquired significant market share last year despite fierce competition and tough trading for customers in the home sector.
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- CASE GOODS
Wood furniture imports declined in July on weak demand for living and dining cabinets.
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- CASE GOODS
International Decorative Surfaces, a major supplier of wood panel components and finished products including flooring, has been placed into administration.
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- FLOORCOVERINGS
Flooring imports into the U.K. rose for the first time in three months in July as high shipments of wood and vinyl from China negated continued weakness in the carpet category.
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- UPHOLSTERY
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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- BEDS & MATTRESSES
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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- SUPPLY & WHOLESALE
Headlam, the U.K.'s largest flooring distributor, is to consolidate 32 local trading businesses into one national brand, Mercado, as part of a plan to expand its product offer and simplify its operating model.
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- FLOORCOVERINGS
The owner of luxury vinyl flooring tile (LVT) supplier Amtico has recapitalised the business with an eight-figure equity raise ahead of 2023 accounts being filed.
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- UPHOLSTERY
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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- SUPPLY & WHOLESALE
International Decorative Surfaces, a c. £120 million supplier of components and finished products including flooring, worktops and wood panels, has filed a notice of intent to appoint administrators.
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- RETAIL & DISTRIBUTION
Furniture design, wholesale and retail group Neptune has hired an experienced ecommerce executive as its new CEO, its second in just over 18 months.
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- SUPPLY & WHOLESALE
Danish furniture maker Skovby has appointed DXN (Graham Dixon) and Westgarth (Greg French) as its U.K. sales agents.
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- FLOORCOVERINGS
Premium luxury vinyl tile (LVT) flooring supplier Karndean booked lower profits last year after saying the Covid-driven boom of 2021/22 had come to an end.
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- TRADE & INDUSTRY
News in brief from across the industry.
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- FLOORCOVERINGS
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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- RETAIL & DISTRIBUTION
Furniture retailer The Cotswold Company has launched the Cotswold Home Delivery Training Academy as part of a wider investment in product fulfilment ahead of Christmas.
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- UPHOLSTERY
Upholstery vertical Sofa.com has agreed a contract for Wincanton to carry out its two-person home deliveries.
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- RETAIL & DISTRIBUTION
Furniture and furnishings wholesaler and retailer Andrew Martin booked a record top and bottom line last year despite a second straight cash loss due to fraud.
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- UPHOLSTERY
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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- RETAIL & DISTRIBUTION
Soane Britain maintained profits on record sales last year as the furniture, lighting, fabrics and wallpaper company shrugged off the impact of rising costs.
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- SUPPLY & WHOLESALE
Cushion, seat pads and soft furnishings manufacturer Caldeira deleveraged after achieving strong profits last year.
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- UPHOLSTERY
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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- UPHOLSTERY
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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- UPHOLSTERY
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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- FLOORCOVERINGS
The distributor of leading flooring brands such as Quick-Step, Elka, Balterio and Pergo found margin in its U.K. business last year to negate the impact of lower sales.
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- UPHOLSTERY
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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- FLOORCOVERINGS
A Yorkshire based subsidiary of floorcoverings giant Victoria will suffer the biggest loss following the closure of a local retailer that majored in the sale of products on finance.
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- SUPPLY & WHOLESALE
The co-founders and majority shareholders in furniture giant Samson Holding are seeking a delay to their planned take-private deal for the manufacturing and wholesale group.
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- BEDS & MATTRESSES
The returning CEO of mattress spring and foam supplier Leggett & Platt says it was easier to manage through the financial crash of 2008 compared with the current bedding industry market backdrop.
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- SUPPLY & WHOLESALE
North London-based rug wholesaler Rama Carpets bolstered an already-strong balance sheet with another robust six-figure profits haul last year.
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- BEDS & MATTRESSES
Mattress industry bellwether Leggett & Platt (L&P) has written down the value of goodwill in its bedding unit amid a continuing restructuring of its global operations. It has also launched a strategic review.
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- SUPPLY & WHOLESALE
Danish container shipping conglomerate AP Møller-Maersk has raised its earnings guidance for the third time since the spring as a result of stronger trade and the Red Sea crisis.
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- BEDS & MATTRESSES
Wolf Components has joined industry charity The Furniture Makers' Company, the latest to do so under a drive by new master Brian Ahern to increase corporate membership.
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- BEDS & MATTRESSES
Tempur U.K. outperformed the British bed market by an estimated 11 percentage points last year with the mattress and bedding pioneer continuing to find growth through the first half of 2024.
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- FLOORCOVERINGS
Mohawk Industries, the world's largest floorcoverings supplier, says it will undertake further cost restructuring in response to soft market conditions around the globe, especially for residential products.
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- SUPPLY & WHOLESALE
Flatpack furniture importer Lassic booked lower profits for a second straight year as thinner margins outweighed the impact of higher sales for the Bradford company.
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- DEALS & FINANCE
The husband and wife co-founders of Samson Holding, one of the world's largest furniture manufacturers and wholesalers, are planning a take-private deal that values the company at the equivalent of £130 million.
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- CASE GOODS
Case goods shipments returned to negative year-on-year territory in May as an earlier improvement in the living and dining cabinet segment failed to repeat.
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- FLOORCOVERINGS
Finewood Flooring, a hardwood floorcoverings supplier trading as Parquet Flooring, has filed for insolvency, leaving large tax liabilities.
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- FLOORCOVERINGS
Challenging trading conditions have persisted in the past two months according to Headlam, the U.K.'s largest floorcoverings distributor.
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- SUPPLY & WHOLESALE
Historic outdoor furniture supplier Barlow Tyrie booked a mid six-figure gain last year as trade eased after the post-pandemic surge in demand.
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- SUPPLY & WHOLESALE
Flooring conglomerate Headlam Group has appointed industry veteran Jason Crump as managing director, contract.
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- BEDS & MATTRESSES
Imports of foam and sprung mattresses into the U.K. have fallen for the first time this year as a consequence of weaker trade with Ireland and Turkey.
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- UPHOLSTERY
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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- FLOORCOVERINGS
A double-digit decline in carpet imports pushed overall flooring data lower in May despite wood and vinyl trading levels holding close to flat against last year.
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- ECOMMERCE
The company behind the circa £20 million turnover Bed Kingdom business has bolstered its leadership team and buying function with new key hires.
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- TRADE & INDUSTRY
Logistics company Home Delivery Solutions has ceased trading and filed for insolvency after customers shifting their business elsewhere scuppered hopes of a sale.
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- SUPPLY & WHOLESALE
AP+, the provider of third-party logistics, storage and fulfilment for furniture and homeware clients, has appointed Darrell Loynes as sales manager.
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- TRADE & INDUSTRY
The General Election proved to be a disaster-class for the MPs who most recently made up the members of the All-Party Parliamentary Furniture Industry Group.
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- FURNISHINGS & ACCENTS
New suffix for bedding, window dressings and household textiles supplier.
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- SUPPLY & WHOLESALE
Poltrona Frau, the premium Italian designer furniture company that sells through a mix of own-brand stores and third-party dealers like Aram and Chaplins, booked record U.K. revenue last year.
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- CASE GOODS
Fitted kitchen, bedroom and bathroom furniture manufacturer Symphony bolstered liquidity as profits slid on flat sales and higher costs last year.
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- CASE GOODS
Control of a Cheshire fitted bedroom furniture company that booked profits of almost £1 million last year has passed to the next generation as part of a management buyout.
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- SUPPLY & WHOLESALE
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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- COMMUNITY
The Furniture Makers' Company (TFMC) has grown its corporate membership by a fifth over the past six months, boosting funds for its charitable and educational endeavours.
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- RETAIL & DISTRIBUTION
Furniture design, wholesale and retail group Neptune put the choppy waters of the post-Covid period behind it with a return to profit last year.
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- SUPPLY & WHOLESALE
Cabinet furniture importer Bentley Designs worked down stock levels last year, bolstering cash and helping the business cut outstanding borrowings.
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- SUPPLY & WHOLESALE
Living, dining and bedroom cabinet importer and wholesaler Classic Furniture worked down its stock position last year as liquidity improved amid tough trading conditions.
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- RETAIL & DISTRIBUTION
Dunelm supplier Cleland McIver booked record sales for the third straight year in 2022/23 though higher operating costs weighed on the bottom line.
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- SUPPLY & WHOLESALE
Furniture, home and giftware importer Coach House shrugged off declining sales to bolster profits last year as it found 5.9 percentage points of gross margin expansion.
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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
The Swedish investment group that acquired U.K. furniture importer Julian Bowen as part of a pandemic-era acquisition spree has sold nine businesses as a job lot to a compatriot investor.
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- UPHOLSTERY
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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- RETAIL & DISTRIBUTION
Logistics provider ArrowXL will continue to provide two-person delivery services to the N Brown Group stable of retail brands after the pair renewed their partnership for a further five years.
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- SUPPLY & WHOLESALE
Profits were two thirds higher for cabinet furniture, lighting and home accents importer Pacific Lifestyle last year as the Yorkshire business found a 6.7 percentage point margin expansion.
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- FLOORCOVERINGS
Flooring conglomerate Victoria recorded a wider net loss and a fall in underlying earnings as a challenging market hit demand.
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- FURNISHINGS & ACCENTS
Fabrics and furnishings supplier Sanderson Design Group has agreed a £2.3 million cash transaction that secures the pension benefits of 119 retired and deferred scheme members.
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- SUPPLY & WHOLESALE
A strong living and dining furniture category drove an overall rise in cabinet imports in April despite continued weakness in the kitchen furniture segment.
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- UPHOLSTERY
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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- BEDS & MATTRESSES
Restructuring advisors have been formally appointed to handle the insolvency of Serene Sleep Group, the beds and furniture supplier that ostensibly ceased trading earlier this spring.
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- SUPPLY & WHOLESALE
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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- RETAIL & DISTRIBUTION
Birmingham court filing signposts potential administration for home delivery company that works with major retailers and employs over 130 staff.
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- SUPPLY & WHOLESALE
Maersk, one of the world's largest shipping companies, has increased its earnings guidance, saying full year adjusted profits could rise to as much as $9 billion for 2024.
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- FLOORCOVERINGS
Wider gross margin helped hardwood engineered flooring wholesaler V4 Woodflooring limit the impact of a tougher demand and cost backdrop last year.
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- SUPPLY & WHOLESALE
Designer furniture company Andreu World has opened a new flagship showroom in central London, bolstering a roster of 30 existing locations worldwide.
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- CASE GOODS
Payment processors and a mixture of mainstream banks and lenders-of-last-resort are among a slew of financial creditors caught short by the collapse of a furniture company that majored in dining tables.
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- RETAIL & DISTRIBUTION
A furniture industry that has been cutting prices to stimulate orders amid low demand faces further margin pressure following a renewed threat from rising freight costs.
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- UPHOLSTERY
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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- ECOMMERCE
Emerging online furniture retailer Hemming & Wills has appointed two-person delivery specialist Panther Logistics as its new white-glove delivery partner.
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