Tapi Carpets & Floors has hired Emma Collett as chief operating officer as the expanding floorcoverings retailer continues to reshape its management team.

Flooring and beds retailer United Carpets says its franchised and corporate stores bounced back strongly in the four and a half months since its business reopened this spring.

Carpet and flooring conglomerate Victoria is to raise up to £175 million through a preferred equity investment to bolster its armoury to buy up more of its rivals.

Invesco, the international money manager whose multi-year strategic saw it build a major stake in Victoria, has lined up deals that will see it sell its remaining shares in the flooring designer, maker and distributor.

Verona Group, a distributor of smooth flooring ranging from LVT to stone and ceramic tiles, is to lease a newly-built warehouse in South Yorkshire.

A multi-million pound investment from a co-owned property company has supported a turnaround plan at a diversified group whose business units include smooth floorcoverings brand Atkinson & Kirby.

Shipments of foreign-made carpet arriving on U.K. shores picked up in the late summer as spring lockdowns ended and factories whirred back into life.

Tapi Carpets, the U.K.'s second largest floorcoverings retailer, has hired James Stringer as its digital director. He has been with the chain in an advisory capacity since last year.

Balta, the Belgian carpet and flooring conglomerate, said year-on-year third quarter profits will come in higher as a result of lower fixed costs and significantly improved margins.

Flat product sales and a decline in service income hit profits at Blackburn carpet maker Cavalier last year but the business still doubled its year-end cash reserves.

Lord Kirkham and the private investment vehicle of Will Adderley were among major stockholders to pick up more shares in the flooring retailer Tapi Carpets in the past year.

Cormar Carpets said sales grew in a declining market in 2019 with the business also enjoying a strong pickup in demand after the lockdown earlier this year.

The rate of decline in carpet imports narrowed in July as goods from far-off nations made their way into the U.K. in higher volumes while those closer to home still struggled.

Ulster Carpets, one of Europe's largest flooring manufacturers and a major supplier to the cruise ship sector, has entered a formal consultation process that could lead to up to 70 job losses.

Flooring conglomerate Victoria said demand has recovered in all its principal markets with trading resilient since it last updated the market in July.

Investment group Meditor Holdings has followed its takeover of Carpetright earlier this year with a second flooring deal, buying a predominantly online hard flooring specialist.

The company that controls the Axminster Carpets manufacturing business has revised upwards the value of its investment properties after a series of successful planning applications.

Lancashire smooth floorcoverings supplier Havwoods says it has adjusted well to the Covid-19 situation but warns it could take a year and a half for revenue to be restored.

The mandated closure of its operations and customer base left Headlam Group, Europe's largest flooring wholesaler and owner of 67 autonomously-run business units, nursing a hefty deficit for the first half of the year.

Local lockdowns impacted sales and eliminated profits for the carpet giant Balta in the first half of 2020 but the Belgian conglomerate still managed to generate cash.

United Carpets Group, the flooring and beds franchise retailer, says it has agreed a £2 million bank loan secured through the Coronavirus Business Interruption Loan scheme (CBILS).

First half carpet imports into the U.K. are down by a third on the previous year after June saw an eighth consecutive year-on-year decline.

Mohawk Industries, the world's largest floorcoverings group, recorded a net loss in the second quarter as lockdowns across the globe hit revenue.

A leading supplier to Britain's floorcoverings industry says it will temporarily reduce order-fill as unprecedented demand has outstripped its "ability to manufacture by several times over."

Britain's third biggest floorcoverings retailer slipped to a loss in 2019–20 as it booked a number of Covid-19 related provisions.

Underlying profits fell despite a near 10 percent rise in revenue at flooring conglomerate Victoria in the year to March 28. It booked a net loss after writing down goodwill by £50 million.

Headlam Group's new 190,000sqft Ipswich distribution centre, first announced almost six years ago, is now operational and ready to service customers.

Carpet imports into the U.K. declined 62 percent year-on-year in May, the weakest comparative so far this year.

Organisers of trade exhibition The Flooring Show in Harrogate say they will announce new dates soon after postponing the original early autumn dateline.

Premium wood flooring and worktop manufacturer Junckers maintained sales here last year and was budgeting for U.K. growth in 2020 before the coronavirus hit.

Mohawk, the international floorcoverings conglomerate and the biggest company in the sector worldwide, says it will "vigorously defend itself" against allegations made in a class-action lawsuit.

Balta Group, responsible for nearly a fifth of all carpets imported into the U.K., said second quarter sales fell more than a third with residential products hardest hit.

Sales and profits climbed at one of the U.K.'s largest privately-owned flooring wholesale businesses last year as it expanded into new geographies.

Sales and underlying profits fell for Yorkshire rug distributor Melrose Interiors last year but a gain on the sale of property meant net income still climbed.

Designer Contracts, a major floorcoverings and furnishings supplier to the new-build sector, has bolstered its workforce with 25 new recruits across its national network.

After confirming a plan to move its yarn-spinning operations to mainland Europe, Kidderminster based carpet maker Brintons is now proposing to further consolidate its British manufacturing operations.

Flooring distributor and manufacturer Victoria has taken steps to tie-in the future of senior managers across the group with the launch of a new long-term management incentive plan.

Flooring franchise chain United Carpets Group says it is in advanced talks to secure additional funding but says it will have enough liquidity to see it through "this extraordinary period."

Victoria, the diversified floorcoverings distributor and manufacturer, says U.K. and European carpet sales are rallying now lockdowns have been eased across the continent.

The closure of an online contemporary rugs retail business has left creditors including HM Revenue & Customs with a hole in their finances.



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