Headlam Group, Europe's largest collective of floorcoverings wholesalers, says strong demand for residential flooring products in the second half of last year helped negate weaker earlier trading.

The South Wales carpet manufacturing arm of flooring giant Victoria returned to profit in 2019–20 as it annualised millions of pounds of restructuring costs.

U.K. imports of carpets and rugs advanced high single-digits according to newly-released November data as China, India and Turkey made gains while traditional manufacturing powerhouses continued to toil.

Strong trading in the back half of last year enabled flooring retail chain Tapi Carpets & Floors to pay off short-term lending from key investors.

Major U.K. carpet and flooring distributor says it had seen little investment in three decades before it set about transforming its business under new ownership.

Nigel Graham, the former co-owner of a Yorkshire carpet manufacturer bought by flooring conglomerate Victoria in 2019, has left the company.

Luxury vinyl tile (LVT) giant Karndean International says there are positive demand indictors with the sector so far resilient during the pandemic. Its comments came as it filed accounts showing record sales.

The U.K. arm of the Belgian manufacturer behind the Invictus and Vivendi carpet brands posted a double-digit sales fall in 2019 and incurred higher costs launching new products here.

Company behind U.K.'s number two carpet franchise network slips to loss on narrower margins, higher costs.

Imports of carpets and rugs fell at their steepest rate since the summer on weaker growth figures from emerging partners. Arrivals from established source nations such as Belgium and the Netherlands remained feeble.

Revenue advanced in mid-single digits for Coventry based luxury vinyl tile (LVT) giant Amtico last year but margins were thinner as a result of higher costs.

The co-founders and majority shareholders of United Carpets and Beds have offered to buy out remaining stockholders in a deal that would see the flooring retail franchise delisted from the Alternative Investors Market (AIM) and return to private ownership.

Carpet producers, distributors and retailers as well as their customers could see extended lead times after the insolvency of a major specialist haulier put product out of sync.

Earnings grew on higher sales last year for the Yorkshire rugs and soft furnishings manufacturer behind the Howler & Scratch and Rug Guru brands.

Business model adjustments have helped drive major efficiency improvements for Abingdon Flooring, one of the U.K.'s largest carpet makers, parent company Victoria said yesterday.

The executive chairman of flooring conglomerate Victoria says he expects no let up in demand with the group to achieve meaningful organic growth into 2021 as consumers continue to invest in their homes.

Headlam, Europe's largest floorcoverings distributor, says it thinks a small amount of data has been extracted following what it called a cyber security incident.

U.K. Flooring Direct will open a new sourcing and development office in China and invest in an expanded product offer after agreeing an investment package with Business Growth Fund (BGF).

The retailer behind the Flooring Superstore retail chain redeployed its store staff to telesales roles as direct sales channels helped the expanding retailer grow revenue in 2019–20.

Demand for overseas-made carpet continued to recover as U.K. distributors and retailers brought in close to year-earlier levels for the first time this year.

Wholly-owned distributor offers brands such as Quick-Step, Elka, Balterio and Pergo to customers across the U.K. floorcoverings market.

Sales of residential products and rugs helped mitigate continued weakness in the commercial sector at flooring colossus Balta Group in the third quarter of 2020.

Flooring conglomerate Victoria says the imminent lockdown in England will make little material difference to its business in the long run, adding that its factories will remain open and continue to accept and deliver orders.

Revenue growth in Europe and other international markets helped counter weaker domestic demand at flooring conglomerate Mohawk Industries in the third quarter.

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.



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