Beds, Mattresses and Bedding
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- RETAIL & DISTRIBUTION
Eve Sleep will live on as a standalone brand after Bensons for Beds acquired the direct-to-consumer company's intellectual property following the appointment of administrators at midday on Monday.
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- RETAIL & DISTRIBUTION
Direct-to-consumer mattress and sleep products company Eve Sleep was placed into administration at midday Monday after hopes for a solvent solution or fresh equity funding evaporated.
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- BEDS & MATTRESSES
Mattress imports jumped by more than a quarter despite a sharp fall in the value and volume of goods shipped to the U.K. from China, according to new trade data.
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- BEDS & MATTRESSES
The U.K. arm of upmarket Swedish bed maker Hästens came closer to profit than at any time in the past decade last year as revenue growth returned.
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- DEALS & FINANCE
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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- BEDS & MATTRESSES
Highly-regarded bed industry executive Mark Hughes is returning to the vacuum-packed mattress brand Breasley as sales director for the U.K. market. His appointment takes effect from November.
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- TRADE & INDUSTRY
The rate of British furniture manufacturing growth climbed for the first time in three months in August, according to official data released Wednesday morning.
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- SUPPLY & WHOLESALE
Furniture, mattresses and home accents distributor Gallery Direct pumped cash into stock build last year in a period where it returned to profit on vastly increased output.
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- BEDS & MATTRESSES
U.K. revenue reached record levels for mattress and bedding wholesale and retail business Tempur last year with it continuing to trade ahead in the early months of this year.
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- BEDS & MATTRESSES
The U.K. arm of foam conglomerate Carpenter says input cost pressure led to "inevitable and necessary adjustments to selling prices" but they still weren't enough to stop profits here falling to £14.1 million.
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- BEDS & MATTRESSES
The CEO of Simba Sleep says the mattress and bedding company recorded a big jump in U.K. EBITDA after 60 percent sales growth here last year.
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- RETAIL & DISTRIBUTION
Britain's biggest bed retailer delivered high single-digit figure profit growth in 2021 as revenue surged on the back of strong demand last year.
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- BEDS & MATTRESSES
A historic North West mattress ticking and upholstery fabrics wholesaler has been placed into the hands of restructuring advisors after weeks spent trying to restructure the company.
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- BEDS & MATTRESSES
The second iteration of erstwhile South East beds retail chain Warren Evans recorded six-figure profits in the second full year since it launched in 2019.
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- SUPPLY & WHOLESALE
Britain's sofa and mattress makers are being landed with a new wave of price increases from across the upstream supply chain according to correspondence seen by The Furnishing Report. Some suppliers are also on allocation.
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- BEDS & MATTRESSES
More than 50 jobs have been lost after a privately-owned mattress manufacturer folded earlier this month leaving debts of a little over £2 million.
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- BEDS & MATTRESSES
Private equity backed foam supplier Vita Group has revealed it invested tens of millions of pounds acquiring mattress maker Usleep from the Belfield Group last year.
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- DEALS & FINANCE
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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- BEDS & MATTRESSES
The sales director of Recticel's comfort foam business in the U.K. has left the business to head up the bedding division of one of its major rivals.
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- RETAIL & DISTRIBUTION
Five-store specialist retailer operates carpet and bed shops across Dorset and Hampshire.
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- RETAIL & DISTRIBUTION
The buildout of Feather & Black's physical retail footprint took another step last week with the upmarket beds and bedroom furniture brand adding its fourth new store in 2022 so far.
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- RETAIL & DISTRIBUTION
Upholstery and beds vertical HSL repaid a £4 million bank loan two years ahead of time as it generated cash and traded strongly through the rump of the pandemic.
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- SUPPLY & WHOLESALE
Platt & Hill, a supplier of foam and fibre fillings products to the beds and upholstery manufacturing sectors, slipped to a loss last year as higher costs outweighed the benefit of increased output.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) named the winners of its 2022 Bed Industry Awards on Tuesday night with both Dreams and Glasswells two-time winners among 11 awards handed out in all.
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- DEALS & FINANCE
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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- BEDS & MATTRESSES
A complaint to the U.K. advertising watchdog by German mattress company Emma has resulted in a rebuke for rival Simba Sleep regarding a price promotion it ran on its website.
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- BEDS & MATTRESSES
Direct-to-consumer mattress and sleep ancillary products brand Eve Sleep says it will take the appropriate steps to preserve value for creditors if further funding or a firm offer to buy the business is not received soon.
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- DEALS & FINANCE
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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- BEDS & MATTRESSES
A share buyback concentrated the ownership structure of the North Wales manufacturing and retail group behind the Adjustamatic beds and upholstery brand last year.
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- BEDS & MATTRESSES
Nine straight months of value growth mean foam and sprung mattress imports have broken through the £100 million barrier at an all-time earliest point in the year.
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- UPHOLSTERY
The Cath Kidston brand has entered the furniture market with a programme of upholstery and beds being sold exclusively by sofa market leader DFS.
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- REGIONAL
Award-winning independent retailer Surrey Beds has closed following a planned shutdown on the expiry of its lease. Its owner cited the prospect of rising costs as a disincentive to continue.
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- TRADE & INDUSTRY
Furniture makers' output remained positive on a year-on-year basis during the height of the summer though growth was the weakest since lapping the start of the pandemic.
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- RETAIL & DISTRIBUTION
A Yorkshire beds retailer with a large ecommerce operation has added live video chat and appointments to its offer, improving options for online customers based far from its showroom.
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- BEDS & MATTRESSES
Carpe Diem Beds, the Hilding Anders-owned Swedish bed brand, is expanding into the U.K. wholesale market as part of plans to increase its footprint in the British retail sector.
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- BEDS & MATTRESSES
Half-year revenue was close to flat in Europe for the bedding giant behind the Mlily brand as global growth slowed after a double-digit uplift in the first quarter.
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- BEDS & MATTRESSES
The circa £40 million retail business behind the Beds.co.uk ecommerce website is exploring diversifying into other home products beyond the bedroom.
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- BEDS & MATTRESSES
Mattress distributor DBC International has signed a partnership deal with Adova that sees it become the exclusive distributor of Simmons' Generation and Beautyrest collections in the Netherlands and Flanders.
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- SUPPLY & WHOLESALE
The probability that three major foamers will continue to serve the U.K. mattress and upholstery markets has increased after Carpenter and Recticel conceded the planned takeover of the latter's engineered foam unit would lessen competition.
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- BEDS & MATTRESSES
Profits reached their highest level in five years for the East of England manufacturing group behind brands such as The Old English Bed Company and Mattison Contract Beds in 2021/22.
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