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Global furniture retailer JYSK will today enter the Russian market for the first time, opening the first of four planned stores this year.
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Steinhoff International Holdings, part owner of Conforama and Mattress Firm, has appointed Moira Moses as the new chair of its supervisory board.
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Heather Sonn, who has led the supervisory board of Steinhoff International Holdings since soon after accounting irregularities came to light late 2017, has resigned as chairperson.
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French furniture and home accents retailer Maisons du Monde has given up plans to build a network of stores for its core brand in the U.S., and will instead focus on the Modani business it bought in 2018.
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Global furniture chain JYSK is spending €200 million building a new distribution centre in Hungary designed to meet its logistics needs across seven Central European markets.
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Williams-Sonoma, the U.S. headquartered furniture and homeware conglomerate, has announced the temporary closure of its stores in North America.
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Combined revenue at the divested U.K. furniture and mattress operations of Steinhoff International Holdings declined at a narrower rate in the final three months of 2019 compared to earlier periods.
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Cafom, the international rights holder of the Habitat brand, says the division made a smaller loss last year as it readied its sale to a new owner.
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Rolf Benz, the premium German furniture maker bought by Kuka owner Jason Furniture in 2018, has opened its first Japanese flagship showroom, adding to recent launches in China.
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Profits jumped 3.9 percent for global furniture superpower Lars Larsen Group in 2018–19 with Danish furniture wholesaler Actona among its standout performers.
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A private investor group led by the former U.S. national sales manager at Gloster Furniture has acquired North Carolina based upholstery producer Our House Designs.
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Otto Group, the diversified retail and logistics giant with global sales of €13.4 billion, has hired former Debenhams CEO Sergio Bucher to its executive board.
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The company behind the fast-growing U.K. operations of West Elm and Pottery Barn Kids recapitalised its British operation earlier this year, boosting its value.
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New product introductions including a higher proportion of furniture sales helped retail brand West Elm maintain top line momentum in the third quarter.
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Worldwide sales jumped 6.3 percent for entry-to-mid market Danish furniture chain JYSK in 2018–19 as it added 175 new stores across the globe, including its first in Ireland.
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Austrian furniture giant XXXLutz — one of the three largest retailers in the category worldwide — now operates across 12 European countries, though not yet the U.K.
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Beter Bed Holding has found a buyer for its troubled Matratzen Concord chain of 849 bed shops across Germany, Austria and Switzerland.
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Gabriel Scott's new Mayfair showroom.
Gabriel Scott, an upmarket furniture and lighting company based out 30,000sqft studios in Montreal, has opened a first U.K. showroom.
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The French distribution group behind the Habitat furniture retail brand outside the U.K. and Ireland says it plans to sell the business to focus on other interests.
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Roche Bobois, the high-end French furniture brand with stores in London, South East England and the North West, enjoyed a performance uplift in the U.K. in the first half of 2019.
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JYSK Nordic is the largest division in the group's worldwide structure.
The biggest retail division in the JYSK worldwide ecosystem booked 9 percent revenue growth in 2018–19, and says online is becoming a bigger part of its business.
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176 Blackfriars Road, London.
Pianca, the northeast Italian maker of products spanning premium made-to-measure bedrooms to modern upholstery, has acquired a Grade II listed Central London property.
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Ingka Group, owner of the bulk of IKEA's global store estate, has agreed to pay €136 million for an 80 percent stake in seven Romanian wind farms.
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Furniture and home accents retailer Maisons du Monde has opened a first-ever business-to-business (B2B) showroom as it looks to build a larger customer base in the office and hospitality sectors.
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The JYSK format continues to grow.
JYSK, the inexpensive Danish furniture and homewares retailer, will host an event for property owners in Dublin next week as it looks to accumulate a pipeline of prospective stores.
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Giorgetti, the upmarket Italian designer furniture manufacturer, is opening a first U.K. showroom after signing a lease for a unit in West London.
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West Elm's Tottenham Court Road, London flagship.
Revenue advanced double-digit for West Elm in the second quarter with the U.K. outperforming other international markets for the Brooklyn, U.S. headquartered furniture and home accents retailer.
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Lars Larsen
Lars Larsen, founder of the eponymous group that he built into one of the biggest furniture businesses in the world with annual sales north of €4.2 billion, has died. He was 71 years old.
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The new chief executive of Steinhoff International Holdings said its €9 billion debt pile is too high as he offered a vision of the future for the embattled conglomerate yesterday.
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Euromillions: Steinhoff advisors received a bumper payout for work done in the first half of 2018–19.
Advisors to Steinhoff International Holdings were paid €82 million in fees in the six months to end March as the conglomerate continued "complex and technical work" to complete its financial restructuring and stabilise the group.
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Philip Dieperink, the former U.K. and now group chief financial officer at Steinhoff International Holdings, is to leave the conglomerate December 31, 2019.
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Conforama is one of Europe's largest furniture retailers.
Conforama, the French furniture and electricals chain which last year generated sales of €3.4 billion, is to downsize its store estate and cut staff headcount.
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Crate and Barrel, the European-owned furniture retailer with stores across the U.S., has bought Hudson Grace, a boutique home décor, entertaining and gift brand based in San Francisco.
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Lars Larsen Group's new chairman Jacob Brunsborg.
Lars Larsen, chairman of the eponymous furniture group that owns global companies including JYSK, ILVA and Actona, is stepping down as chairman. His son, Jacob Brunsborg, is to succeed him with immediate effect.
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The conglomerate behind the West Elm furniture retail brand has identified key markets for its international expansion programme, with Western Europe and existing territories such as the U.K. among them.
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20-year IKEA veteran Sara Del Fabbro has been named chief executive of the retail conglomerate's business for the South East Europe region.
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West Elm, the American owned furniture retailer with an expanding U.K. business, enjoyed double-digit sales growth in the first quarter, parent Williams-Sonoma said last night.
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JYSK will focus on the North and Midlands. Its sole southern store to date, at Bournemouth, closed in 2018.
Danish value furniture chain JYSK has again reiterated plans to ramp up store openings with the aim of trebling its existing U.K. estate over the next half-decade.
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Maisons du Monde opened concessions in Debenhams last year.
Revenue climbed nearly 10 percent for Maisons du Monde in the first quarter with the French furniture and home décor retailer saying it expects to match that until the end of the year and deliver double-digit profit margins.
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JYSK launched a new format last summer.
Value furniture and homewares chain JYSK has reported another seven-figure UK loss after weaker gross margin and higher costs countered the impact of a leap in sales.
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