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The manufacturing licensee of the high end Long Eaton upholstery brand John Sankey has been placed into liquidation. We've been here before.
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Good luck to anyone wanting to have a sneak peak at the vast Cotswolds country pile that is slated to become gallery number one in the U.K. for RH, the luxury U.S. furniture retailer formerly known as Restoration Hardware.
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Kettle Home has emerged as the new opco after Kettle Interiors U.K. was placed into administration, confirming our story published late last week.
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Corporate death in the furniture industry is rarely terminal, and that is likely to prove the case with the Kettle brand.
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News of an impending restructure at furniture wholesaler Kettle Interiors U.K. will not come as a huge surprise to many. Few companies have elicited more trade speculation in recent times.
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Snug cost ScS a total of £875,000 following a prepack buyout in January. Well, yes and no.
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DFS was keen to sell a narrative of over-performance as it released its half-year results on Thursday, claiming share gains amid a market it believes to have declined 15 percent in volume terms.
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The new owner of the Scotts of Stow brand will not be familiar to many in the furniture and home products retail sector unless they already trade in adjacent product categories such as apparel.
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More on the fallout from the changes at the one-time multi-million pound upholstery brand.
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The new company behind the Oak Furniture Superstore business agreed a seven-figure loan as it emerged from the embers of an insolvent restructuring process.
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Internet furniture, home and gift retailer Cox & Cox — the subject of a late February prepack buyout — was one of the biggest winners of the early part of the pandemic.
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Gordon Mearns, the md of Sterling Furniture, says the timing feels right for him to step down and retire, with the company in a good position as it marks its 50th anniversary this year.
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The first ports of call for almost every upholstered furniture retailer after the emergence of non-compliant products are the same.
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A rising tide lifts all boats and there was an element of that about some of the companies that traded strongly through the pandemic. But not Cox & Cox.
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RH, the premium furniture and interiors retailer preparing to debut here with the launch of a large gallery in the Cotswolds, has ramped up the transfer of its vast bank of intellectual property to British shores.
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Online furniture and homeware retailer Cox & Cox traded strongly through the pandemic, growing sales at a rapid rate through lockdown periods as ecommerce and home spending enjoyed a tailwind.
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Oak Furniture Superstore has new private equity backing after a transaction that will surprise many across the furniture industry.
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2022 was a tougher period for Ekornes, resulting in the Norwegian upholstered furniture giant cutting its cloth accordingly with job cuts in its homeland and in the Far East, where its Vietnamese factory is closing.
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Mattress company Dormeo U.K. traded strongly through the early part of the pandemic, building sales by almost 50 percent to nearly £41 million.
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Last May we revealed Next had made an investment in online furniture retailer Swoon, which was only publicly-confirmed by the retail giant four months later, in September.
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Many companies across the U.K. furnishings sector have made the sustainability of their products and services central to their business model and at the heart of all decision making.
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The Conran Shop's Chelsea store closed last weekend in a move that will save the furniture and lighting retailer a vast sum in annual rent payments.
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As a rule, the prepack sale of the business and assets of an insolvent company to an unrelated third party spells bad news for the prior shareholders.
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Sofa.com was again a big profit generator for its owner Frasers Group last year, yet cash declined and it was nothing to do with dividends. Here's why.
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The finances of some of the country's mid-sized upholstered furniture manufacturers fly under the radar but are significant in the context of the wider sofa market.
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The main protagonists in the sofa-in-a-box sub-segment of the upholstered furniture market emerged at just the right time as the pandemic diverted the spending power of the social media generation away from travel and leisure and towards home furnishings.
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The sale of both property assets and equity have provided liquidity at ready-to-assemble furniture manufacturer Addspace in recent years, but the company has still called in restructuring advisors in the past few days.
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When a major U.K. furniture manufacturer announces a consultation in the week when a major trade show is taking place it is unlikely to remain under the radar for long.
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Independent furniture stores group Stokers has already recouped a sizeable chunk of its investment in the Lucas World of Furniture business it acquired nearly eight years ago, thanks to the disposal of legacy properties.
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Ekornes, the Norwegian upholstered furniture conglomerate best known for its Stressless recliner brand, announced around 900 job cuts earlier this month as it realigned with softer market demand.
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ScS, Snug and other stakeholders flat batted our enquiries all last week, but the buyout of the latter by the former was finally made public on Tuesday morning.
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Furniture and affiliated trade insolvencies reached record levels last year but there are at least two reasons for the industry — and close followers of it such as credit insurers — to be positive about 2023.
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JYSK launched in the U.K. back in the darkest days of recession in 2008 and will complete 15 years of trading here this year.
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When retailer Next agreed a £3.4 million for the Made.com brand last year commentators were quick to say the general merchandise giant had secured itself a bargain basement deal.
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Reporting the accounts of individual business units within large multi-jurisdiction international enterprises should always come with a health warning.
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Homeserve Furniture Repairs delivered a record year in a period when it made a seven-figure investment, funded out of operating cashflow.
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Property entrepreneur Andrew Perloff has owned Airsprung for over a decade after completing a take-private transaction of the-then listed beds and upholstery group back in 2011.
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Cash levels dwindled at the group behind mattress and bed retail chain Mattressman in its just-reported financial year, but the wider trend is positive.
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The founders of Sofa.com famously paid a six-figure sum to acquire the upholstery brand in a move some in the trade decreed to have been critical to its success.
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Cost headwinds resulted in lower profits for large furniture independent Cousins in 2021/22 but the bigger picture is more telling.
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