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The company behind the multichannel U.S. furniture retailer Wisteria, bought by OKA Direct in 2018, is to be liquidated after its stores and website closed in the autumn.
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The new owner of the Habitat furniture retail business outside the U.K. will be granted an exclusive licence to operate the brand but will not immediately own the intellectual property.
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Ingka Group, the largest IKEA worldwide franchisee, was bracing to report a record deficit as a result of the pandemic until surging online sales helped it recuperate losses.
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The entire Dänisches Bettenlager retail network in Austria has been renamed as JYSK as part of a brand realignment exercise. It leaves the original brand name present in only one market worldwide.
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Roche Bobois, the premium French furniture maker, retailer and franchisor, increased control of its U.K. operation during the first half of 2020.
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Worldwide sales climbed for international furniture retailer JYSK in 2019–20 despite the impact of retail closures around the globe resulting from local lockdowns.
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The company behind the 78-store U.K. home and furniture chain HomeSense says the runway is long as it looks to capitalise on post-lockdown demand for its home-related merchandise.
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Delivered sales at both owned and franchisee-run stores surged for Roche Bobois in June as the prestige French furniture brand reopened its retail estate and began to clear its order backlog.
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Mobilux, parent company to French furniture chain BUT, has agreed to acquire furniture and electricals retailer Conforama France from Steinhoff International Holdings.
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The sale of the €100 million turnover Habitat furniture retail chain outside Britain and Ireland has moved a step closer after its French rights holder entered exclusive negotiations with a prospective buyer.
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Furniture retailer JYSK says it wants to drive environmental change throughout the business, and has hired a dedicated sustainability manager for the first time in its history.
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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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