Likewise Group, the fast-expanding flooring distributor formed by former Headlam directors, says part of a fresh injection of equity funding has been earmarked to help fund acquisitions.

Richard Moore, executive director at Associated Carpet Group (ACG), is to leave for a new role in the U.K. floorcoverings sector after 16 years with the buying organisation.

Victoria says its carpet and underlay divisions outperformed all key competitors in the U.K. and abroad as it bounced back strongly from the first lockdown last year.

2019/20 figures for Dewsbury based G-Tuft, part of the Victoria group for just over two years.

Carpet imports rocketed in the spring with the cumulative total for 2021 now overtaking comparable data for 2019 for the first time this year.

Brintons, the heritage U.K. carpet maker with operations across the world, says it is over delivering against revised financial forecasts as its global hospitality, gaming, cruise and residential markets reopen.

A reorganisation combining co-owned companies behind a regional carpet and beds chain in the North and a national ecommerce carpet business has created one of the largest privately-owned flooring groups in the country.

The pandemic delayed the opening of a new distribution centre and ended more than a decade of growth for one of the U.K.'s largest privately-owned carpet wholesalers, but sales bounced back strongly after the first lockdown.

Flooring conglomerate Victoria has agreed to buy multichannel U.S. smooth flooring distributor Cali Bamboo Holdings for consideration totalling $76.1 million (£55.1m) in addition to the paydown of debt.

Imports of carpets climbed four-fold on last year and were up more than a third on a two-year basis as retailers and distributors looked to satisfy rising demand among end users.

Pandemic disruption didn't stop the Northern Ireland headquartered company behind the Flanagan Flooring Distributors business finding sales and profit growth in the year to end September.

The acquisition of Arlo & Jacob by upholstery group TCM Living will see floorcoverings added to the retailer's product roster as it leverages wider group manufacturing assets and synergies.

A combination of selling price increases and supplier negotiations have helped flooring conglomerate Victoria shrug off the impact of rising input costs in a period of never-before seen growth.

Headlam Group, the flooring wholesale giant, said its residential business helped deliver strong growth on weak comparatives last year and keep revenue within a whisker on a two-year basis.

Carpetright, Britain's largest floorcoverings retailer, has launched a new format targeting design-led consumers with a store on Tottenham Court Road in Central London. More stores will follow.

Manufacturers in Belgium, the largest source of foreign-made carpet sold in the U.K., ended a barren run stretching back to September 2019 at the end of the first quarter.

Belgian carpet manufacturing conglomerate Balta has raised prices in response to input cost inflation and has warned flooring customers that more may follow.

Victoria, the acquisitive flooring conglomerate, has agreed to buy Dutch artificial grass supplier and carpet backing company Edel Group from its private equity owners.

Mohawk Industries, the world's largest flooring company with business units across the globe including Britain, says the first quarter of 2021 saw it achieve best-ever quarterly sales.

Headlam, Europe's largest flooring distributor, plans to reduce the headcount in its field sales team in the U.K. amid rising orders being taken online. It has also announced the sale of one of its business units in mainland Europe.

Victoria, the diversified flooring manufacturer and distributor, has picked up three Italian tile peers in deals worth a combined €35 million. They are the first, and smallest, of several deals in the pipeline, the company said.

Wood, laminate and vinyl floor retailer Factory Direct Flooring has increased capacity after taking a larger Midlands warehouse unit.

Designer Contracts, the floorcoverings and furnishings supplier to the house-builder market, has taken new hires since January to 25 with its latest appointments.

Profits more than trebled in the lead up to the pandemic for one of the U.K.'s largest privately-owned floorcoverings companies.

Carpet and rug imports from Turkey are up more than a quarter in 2021 so far according to new official figures, helping mitigate the continued fall in the value of goods coming in from historic trading partners.

The reopening of stores sees fast-growing retail chain Flooring Superstore pick up the expansion baton again as it looks to double in size through 2021.

The easing of travel restrictions around the world is helping grease the wheels of Victoria's acquisition strategy, with the flooring conglomerate soon to announce new takeovers.

A Midlands based flooring company that had traded under at least three different retail brand names has been placed into liquidation, owing millions to creditors.

Rochdale manufacturer Penthouse Carpets said trading was steady ahead of the arrival of the pandemic with the final three months of its financial year hit by the first lockdown.

Independent flooring retailer and contractor Mears Furnishers strengthened its financial position in the year leading up to the early weeks of the pandemic.

Nestware Holdings, part of the Meditor Group that took Carpetright private early last year, has agreed to buy major flooring distributor Carpet & Flooring from its private equity backer Endless. It is its third acquisition in six months.

Carpetright will begin a recruitment process to find a successor to chief executive Wilf Walsh, who has become chairman at the retail chain's parent company Nestware Holdings.

The chief commercial officer at U.K. Flooring Direct has become chief digital officer in a move that reflects the major flooring retailer's upscaled plans for digital technology investment.

The slog for Belgium's carpet makers continued at the start of 2021 with Britain's biggest trading partner for the category sustaining another sharp fall in the value of product arriving here.

Adjusted profits fell high single digits on a near €110 million sales drop for flooring giant Balta last year, with it slipping to a net loss overall after finance costs and non-cash write-downs.

A new nylon yarn aimed at residential carpet makers contains 75 percent recycled material and is itself "endlessly recyclable" according to its Belgian proponent.

The West Yorkshire wool supplier that owned heritage carpet maker Axminster until early last year has completed a restructuring process it initiated nearly two years ago to improve its finances.

Brockway Carpets slipped to a loss last year as a result one-off restructuring costs and the end of its financial year being hit by lockdown and customers such as John Lewis halting carpet operations.

Flooring manufacturer and wholesaler Victoria has issued £500 million of new bonds, more than 40 percent higher than originally planned after strong investor demand.

Carpet and vinyl flooring manufacturers and distributors are facing up to supply shortages and cost increases for yarn, PVC and other raw materials with a significant knock-on effect expected for retailers.



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