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The insolvent buyout of Midlands kitchen maker Mereway by South Wales based Sigma 3 leaves most creditors nursing an expected shortfall, according to a new report.
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H.I.G. European Capital Partners (H.I.G.) has launched a takeover approach for delivery and logistics company DX (Group), one of the largest operators in U.K. furniture and beds fulfilment.
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Three well-known kitchen and tableware brands operated by a Derbyshire supplier that historically generated annual sales of close to £10 million have been rescued via an insolvent buyout.
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Foam company Orsa Foam, a key supplier of semi-finished products for both the mattress and upholstered furniture sectors, is buying out its joint venture partner.
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The South Wales group that rescued Midlands kitchen manufacturer Mereway last week did so through a new corporate entity.
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Keswick Flooring, part of the Nestware Holdings group that also owns Carpetright, has acquired the business of UK Flooring Direct in a deal that saves jobs and ensures outstanding orders will be fulfilled.
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Soft furnishings distributor Riva Home has followed its buyout of cushion maker Evans Lichfield during the pandemic with the acquisition of Glasgow fabrics producer Voyage Maison.
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Global supply chain delays ratcheted up the pressure on mattress machinery maker MPT Group ahead of an insolvent restructure that has seen all jobs saved.
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The md of the Yorkshire distribution company that bought the Corian solid surface material to the U.K. home furnishings market has completed a management buyout.
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Gallery Direct has expanded its home accents business with the acquisition of Art Marketing, a wall art, clocks and photo frames supplier. The Kent company has also announced a management reorganisation that will see md Peter Delaney take on a new brief.
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An interior design portal acquired by the co-founder of online estate agent Purplebricks last year has raised new equity funding from shareholders.
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The group behind prestige Italian furniture brands including Gervasoni, Gamma Arredamenti and Meridiani is planning to raise acquisition capital with an initial public offering (IPO) on Milan's Euronext exchange.
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One of the U.K.'s largest online bed retailers has come to the aid of furniture, home and giftware ecommerce brand Cox & Cox after it was placed into the hands of restructuring advisors earlier this week.
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Ownership change at Yorkshire cabinet furniture and mattress retailer Room To Grow.
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Flooring group Headlam has acquired one of the largest independent players in the U.K. rugs market in a deal that bolsters its offer to the ecommerce sector.
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The rescue of Crazy Price Beds last month secures the future of all sites and jobs at the Staffordshire company, restructuring advisors have now confirmed.
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Esselle Retail, a distributor of flooring textiles based in the North West, has acquired Arthouse, the private equity backed supplier of wallcoverings and home décor.
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A Yorkshire based entrepreneur has acquired The Garden Trading Company out of administration in a deal that saves the brand and all 53 jobs.
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The family owners of Latexco, the Belgium based maker of finished and semi-finished bedding products and components, have agreed to sell the business to a compatriot industrialist.
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An alternative finance provider to dozens of furniture industry enterprises could follow its parent company into administration according to a new court filing.
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General merchandise retailer Next has partnered Tom Joule to acquire the majority of the assets of lifestyle brand Joules out of administration in two transactions worth a total of £41 million.
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The East of England furniture holding company that acquired a chunk of a longtime Argos flatpack furniture supplier earlier this year has revealed the financial terms of the transaction for the first time.
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Victoria's takeover of parts of Belgium's Balta group was well publicised but the flooring conglomerate has since completed the buyout of another nearby business, it disclosed Tuesday morning.
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U.K. sofa and bed makers will continue to be able to buy foam from three major sources after the regulator here agreed Carpenter could buy Recticel's engineered foam unit, but only if the bulk of the British business is sold.
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Longtime md Simon Blackley has led a management buyout (MBO) of John Spencer (Textiles) and Ian Mankin, the two subsidiaries of weaving and fabrics group Ashfield Mill Company.
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The Spanish conglomerate that owns British bed brands Vispring and And So To Bed has added to its roster of upmarket European mattress interests.
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Upholstery fabrics group Mobus has acquired Clarkson Textiles, a key processor and supplier of flame retardant treatments to the furnishing and allied markets.
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Retailer Bensons for Beds outbid two other suitors to acquire the assets of direct-to-consumer mattress brand Eve Sleep, restructuring advisors have revealed in a new report that became public over the weekend.
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Flooring supplier Victoria has acquired International Wholesale Tile (IWT), a Florida based tile, natural stone and LVT distributor, in a deal worth $28.5 million (£24.9m).
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The sale of the Usleep mattress division to the Vita Group helped Westbridge owner Belfield to deleverage last year with it eliminating all outstanding bank debt and shareholder loans.
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XXXLutz Group, one of the three largest furniture retail groups in the world, is to buy pan-European ecommerce home and living retailer Home24 in a deal that has the backing of the target company's management and major shareholders.
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A U.S. advisory firm has been hired to find a third-party buyer for Recticel's comfort foam operations in the U.K. in a move designed to end an antitrust probe.
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The owner of one of the U.K.'s most prominent rugs businesses has agreed a deal with restructuring advisors to acquire rival rug brand Woven after the company behind the etailer was placed into administration earlier this week.
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A garden furniture and outdoor products retailer sold to the owner of the company behind bed seller Yark Beds was over-stocked at the wrong time of year because of shipping delays, administrators have said. Its problems prompted an insolvent sale earlier this month.
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The owner of the company behind the Yark Beds online beds business has acquired an outdoor products and garden furniture ecommerce website following an insolvent buyout.
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The largest shareholder in publicly-listed U.S. mattress and bedding company Purple Innovation wants to buy the business outright in a deal that would value it at $362 million (£317m).
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A sharp fall in sales and a switch away from a third-party logistics provider proved damaging to a kids furniture retailer that had been backed by the same financiers who supported erstwhile furniture retailer Lombok.
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Major U.S. furniture vertical Bassett Furniture Industries has acquired Noa Home, the Canadian ecommerce upholstery and mattress vendor with operations in four markets including the U.K.
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A North West supplier of new, clearance and overstocked furniture online is trading through a different company under common control following a group restructure.
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The group behind the Oak Tree Mobility and Middletons brands bolstered its manufacturing capability with an under-the-radar acquisition of a motion furniture maker last year.
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A sizeable chunk of a circa £40 million U.K. cabinet furniture maker is now owned by its management team following changes in shareholdings at the private equity backed business.
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Business group Inc & Co has been formally confirmed as the new owner of direct-to-consumer upholstery brand Maker&Son, as The Furnishing Report revealed nearly two weeks ago.
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The terms of an investment in the direct-to-consumer adjustable furniture brand Willowbrook have been disclosed for the first time following a venture capital backed buyout late last year.
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U.S. foam giant Carpenter offered to divest the U.K. comfort foam business of Recticel in order to get its takeover of the overall engineered foam. unit of the Belgian conglomerate over the line. But the offer didn't satisfy British authorities.
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Leggett & Platt, the global maker of finished and semi-finished products for the bedding and furniture industries, has for the first time confirmed the value of its takeover of the Kayfoam Woolfson business last summer.
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Maker&Son, the heavily-backed direct-to-consumer furniture brand previously cited as an emerging threat by major U.K. retail chains after a growth spurt during the pandemic, could soon change hands.
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The owners of motion beds and upholstery group Furmanac say the West Midlands manufacturer will be a stronger business as a result of a planned corporate restructure.
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Endless, a serial backer and bidder for home interest companies over the past decade, has raised £100 million from investors as it targets a new raft of buyouts.
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The past week has seen a rout of global furniture industry stocks with billions of pounds of value disappearing into the ether as the market capitalisations of dozens of companies declined, many in the U.K.
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A North West based direct-to-consumer manufacturer and retailer of children's mattresses and bedroom furniture lists a new trading entity following the insolvency of its former operating company.
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One of the co-founders of online estate agent Purplebricks who now runs emerging property portal Boomin has acquired My Bespoke Room (MBR), the digital interior design provider that works with a slew of high-profile furniture companies.
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Floorcoverings conglomerate Mohawk Industries has agreed to buy the Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) in an all-cash deal worth about $293 million (£235m).
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Design, wholesale and retail group Neptune acquired two of its third-party run branded showrooms during a period when the worst of the Covid-restrictions were coming to a close.
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An online cabinet furniture retailer and wholesaler that booked seven-figure profits in its last financial year has secured external investment into the business.
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The company behind the Houseology and Olivia's furniture and interiors brands has expanded again with the acquisition of a digital marketing agency.
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The md of luxury kitchens chain Harvey Jones has led a management buyout that will see an industry return for former Silentnight chairman Adrian Fawcett.
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A U.K. ready-to-assemble cabinet furniture manufacturer that has supplied the likes of Argos for many years has divested 25 percent of the business to an East of England group with an expanding roster of interests in the furniture sector.
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Investment and backers disclosed for the furniture-as-a-service (FaaS) provider that teamed with sofa-in-a-box brand Swyft earlier this year.
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The investment conglomerate that bought British furniture wholesaler Julian Bowen last year has strengthened its home interest portfolio with the acquisition of a compatriot floorcoverings company.
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Online-led furniture retailer Made.com has acquired Trouva, an ecommerce platform that offers a curated range of homewares, lifestyle and fashion products.
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The value of the deal that saved prestige cabinetry and interiors brand Clive Christian has been disclosed publicly for the first time, along with some of the terms of the takeover.
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A U.K. bedding retailer chaired for most of the past decade by former Marks and Spencer CEO Sir Stuart Rose is on the cusp of being sold to U.S. furniture and bedding retail and wholesale group Malouf Companies.
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Cylindo, the fast-growing 3D product visualisation platform that lists the likes of Loaf among hundreds of furniture retail clients, has been sold to Chaos, a world leader in photorealistic rendering technology based in Germany.
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Experienced manufacturing executive Richard Carr has become managing director at West Yorkshire contract furniture manufacturer Craftwork Upholstery after he led a management buy-in (MBI).
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The Swedish investment group that acquired a majority stake in U.K. furniture supplier Julian Bowen last year has strengthened its home décor portfolio with the buyout of a compatriot lighting brand.
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Ecommerce retailer Mattress Online has agreed to buy The Skipton Bed & Sofa Centre as it embarks on a clicks-and-mortar expansion that will see the rollout of 10 physical stores over the next five years.
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Late arriving stock from the Far East was a contributing factor in the sale of the company behind garden furniture and lighting retailer Trueshopping earlier this year, according to a new report by restructuring advisors.
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Flokk Group has doubled the size of its U.K. operations after agreeing to buy West Yorkshire furniture manufacturer Connection Seating from its private shareholders.
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Kitchen giant Howden Joinery Group (Howdens) has acquired Sheridan Fabrications, a circa £30 million maker and supplier of high-end solid surface worktops.
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Tiles, wood flooring, bathroom and decorating retailer Fired Earth has exited a company voluntary arrangement (CVA) process after its new owner made a one-off contribution in full and final settlement of its obligations.
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Yorkshire based ceramic, stone and timber flooring supplier Verona Group is now wholly-owned by the same investment company as retail chain Tile Giant after Travis Perkins disposed of its shares.
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More details on late 2021 buyout of remaining shares in upmarket interior design and furniture retail company.
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Nobia, the kitchen manufacturing and retail conglomerate and owner of British kitchen chain Magnet, has agreed to buy Superfront, a Sweden-based direct-to-consumer business that already sells to U.K. buyers.
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Pan-European ecommerce-led furniture retailer Home24 has agreed to buy direct-to-consumer home accessories chain Butlers in a move that diversifies its product offer and expands its physical store footprint.
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3G Capital, a global investment firm and private partnership, is to acquire a controlling stake in Netherlands based furnishings conglomerate Hunter Douglas, owner of multiple U.K. companies including window dressings giant Hillarys.
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Recticel shareholders have green-lighted the disposal of the company's mattress division to Aquinos, the Portuguese upholstery and bedding manufacturing conglomerate.
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Furniture company Fritz Hansen has acquired Skagerak Denmark in a deal that takes the design group into the outdoor furniture market for the first time.
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Challenger flooring wholesale group Likewise is to make its biggest acquisition yet after lining up a deal for one of the U.K.'s largest family-owned flooring companies.
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Italian Design Brands (IDB), a private equity backed collective of high-end furniture and interiors companies that launched a U.K. arm this year, has acquired a minority stake in Axolight, an Italian lighting supplier.
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Office furniture conglomerate Steelcase has agreed to buy Spanish contemporary furniture maker Viccarbe in a deal worth up to €49 million.
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Timber and panels distributor James Latham has agreed to buy IJK Timber Group in a deal that expands the £250 million group's operations in Northern Ireland.
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Venture capital and private equity group LDC says it has made a growth investment in mobility products group Kingswood, the owner of the Willowbrook adjustable beds and riser recline chair brand.
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Carpenter Co, the U.S. headquartered industrial conglomerate, has made a binding offer for Recticel's Engineered Foam division, which includes its comfort foam business serving U.K. upholstery and bedding customers.
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The insolvency and subsequent prepack sale of certain assets of the company behind the JTF Mega Discount Warehouse retail chain leaves creditors owed north of £11.4 million.
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San Marino's Colombini Group has acquired a majority stake in Bontempi Casa, the Italian contemporary living, dining and bedroom furniture manufacturer.
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Northeast Italian furniture manufacturing group Calligaris has acquired furniture, accents and lifestyle company Fatboy from its private equity owner.
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Mohawk Industries, the circa £7.8 billion flooring conglomerate, completes takeover of Cambridgeshire smooth flooring wholesaler.
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The Vita Group, one of the largest suppliers to the U.K.'s upholstery and bedding sectors, has acquired Technical Foam Services, a foam conversion business based in Corby, Northamptonshire.
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Venture capital company True owns 10.5 percent of the voting rights in bedding retailer Bedfolk following its previously-announced investment earlier this year.
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Danish ready-to-assemble furniture makers Tvilum and Steens have built on ownership ties first formed three years ago with the former acquiring the latter for undisclosed terms.
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Lars Larsen Group has added to its roster of international furniture brands with the acquisition of SofaCompany, a €73 million turnover direct-to-consumer brand operating in multiple markets.
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Recticel, the Belgium foam conglomerate and a key supplier to U.K. sofa and mattress manufacturers, says the €755 million takeover approach by rival Greiner is nowhere near high enough.
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An early spring prepack deal that saved seven showrooms trading as In-Toto Kitchens left creditors facing a multi-million shortfall.
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A slew of private equity bidders are said to have been shortlisted as a sale of mattress company King Koil China nears a potential conclusion.
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Timothy Oulton, owner of the eponymous international furniture brand, increased his stake in interior design company Andrew Martin International last year after acquiring the shares of a number of outgoing shareholders.
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Design Holding, the investment group behind prestige furniture and lighting brands including B&B Italia, Louis Poulsen and Flos, has agreed to buy YDesign Group, a large U.S. based ecommerce lighting retailer.
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Herman Miller and Knoll, both major players in the supply of office furniture worldwide, are to merge, with the former buying the latter in a deal worth $1.8 billion.
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Ingka Investments, the Netherlands based operator of 378 IKEA stores worldwide, is to acquire a 49 percent stake in Ikano Bank with the option to buy the finance company outright at a later date.
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Joules Group, the fashion and lifestyle company, has taken a decisive step into the furniture and home sector after agreeing to buy The Garden Trading Company, a fast-growing online retailer with a substantial wholesale arm.
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Häfele, the furniture fittings and hardware conglomerate, is to acquire Moebelplus, an ecommerce business majoring in white goods and small appliances.
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NorthEdge Capital has strengthened its ties to the home furnishings sector after backing a management buyout (MBO) at an expanding decorative lighting business.
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Technology group ClearCourse Partnership has acquired The Swan Group, which provides furniture retail management software to some of the U.K.'s largest furniture retailers.
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Egger Group, the wood-based materials conglomerate with a big presence in the U.K. market, has acquired a minority stake in an Italian company that makes decorative facings for furniture.
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Ilkeston based Belfield Group added foam and fibre products manufacturer Clinchplain to its roster of furnishings-related companies in an unheralded deal that completed in the days before lockdown.
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The value of listed furniture companies across the world tumbled yesterday as coronavirus fears combined with a slump in the price of oil to send shares into freefall.
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French tableware and furniture hire conglomerate Options has acquired GreatHire, a London based company that has provided furniture for State visits in addition to weddings, corporate and PR events.
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Regional window dressings manufacturer and retailer Homefair Blinds has been sold to its management team in a transaction that provides an exit for its former owners.
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Moda Furnishings, the outdoor and conservatory furniture retailer, has been sold to private equity investor Endless. Terms were not disclosed.
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National general merchandise wholesaler Stax Trade Centres has acquired hardware and ironmongery business M.P. Smith & Co, one of its longstanding suppliers.
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Swan Retail, which majors in providing retail software to the furniture, garden and department store sectors, has acquired rival business Touchretail.
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Ashley Wilde, the circa £31 million turnover Hertfordshire fabrics group, has bought Lanarkshire soft furnishings supplier Voyage Decoration out of administration.
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Steinhoff International Holdings has fleshed out plans to restructure the debts of its Steinhoff Europe AG (SEAG) business unit, lining up EY as supervisor to a company voluntary arrangement (CVA).
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Klarna has agreed to buy Close Brothers Retail Finance in a move that shifts the Swedish banking and payments business from the periphery of the furniture retail sector to its core.
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Harveys and Bensons for Beds owner Steinhoff is to enter the fashion market after agreeing to acquire one of the largest non-food retailers in the Southern Hemisphere.
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