Beds, Mattresses and Bedding
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- BEDS & MATTRESSES
Privately-owned Wiltshire mattress manufacturer Moonraker Beds booked six-figure profits for the fourth straight year in the 2021/22 period.
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- RETAIL & DISTRIBUTION
Bensons for Beds has launched a Simply by Bensons programme of entry-level mattresses with a new product lineup and an adjusted and new-look brand compared with the Simply Bensons range that preceded it.
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- DEALS & FINANCE
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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- SUPPLY & WHOLESALE
Restructuring advisors say multi-million pound filled bedding supplier Norfolk Feather is yet to formally enter insolvency despite the reported closure of its business earlier this month.
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- BEDS & MATTRESSES
Pocket spring maker Wolf Components achieved a near double-digit net margin as revenue surged through 2021/22 and ahead of it investing in further expansion this summer.
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- BEDS & MATTRESSES
Higher employee-related expenses countered the impact of rising sales and wider gross margin at Batley mattress maker Dura Beds last year as profits declined.
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- RETAIL & DISTRIBUTION
The rate at which customer loan applications are approved has increased since Dreams adopted a new time-saving system in partnership with software company Aryza.
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- RETAIL & DISTRIBUTION
National retailer Bensons for Beds will this week return to Watford with the opening of a new store above the existing unit operated by flooring chain Carpetright.
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- SUPPLY & WHOLESALE
Filled bedding company Trendsetter Home Furnishings built on a return to profit with an eight-fold rise in earnings in the past year, but cautioned of headwinds in the period since.
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- RETAIL & DISTRIBUTION
National retailer Bensons for Beds will later this week launch Bensons Outlet, a pilot store concept that will offer customers deep discounts and special buys.
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- SUPPLY & WHOLESALE
Higher costs saw profits almost halve for bedding supplier Comfy Quilts in the year to end January despite sales having climbed thanks to it doing more business with a company under common control.
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- BEDS & MATTRESSES
West Yorkshire supplier of mattress ticking and bed components registers smaller profits but margin improvement limits impact of £1.5 million revenue drop through 2021/22.
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- BEDS & MATTRESSES
The sale of the business and assets of Stockport based textiles supplier J.T. Griffiths & Co has protected jobs and ensured continuity of supply, stakeholders in the process have said.
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- SUPPLY & WHOLESALE
Renewed upstream supply chain price pressures will result in further rises being passed on to retailers, as new inflation figures out Wednesday showed continued stubbornly high rates across the industry.
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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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