Beds, Mattresses and Bedding
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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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- BEDS & MATTRESSES
Recticel says the disposal of the business unit taking in its comfort foam activities serving U.K. mattress, sofa and direct-to-consumer brands will be delayed, possibly until the first quarter of 2023.
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- UPHOLSTERY
Rising prices and increases in the value of both domestic production and imports helped the U.K. sofa market reach an all-time highest value last year, beating the previous record set in 2016.
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- RETAIL & DISTRIBUTION
More than 50 global furniture equities spanning market leaders in the U.K. and China saw the value of their shares fall on Tuesday on a grim day for the home furnishings industry.
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- SUPPLY & WHOLESALE
The Competition and Markets Authority (CMA) has named the officials who will make up the inquiry group looking into the takeover of Recticel's Engineered Foam unit by Carpenter.
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- SUPPLY & WHOLESALE
Furniture exports climbed in the three months to end June on the back of strong growth from the two largest buyers of U.K.-made goods.
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- DEALS & FINANCE
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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- BEDS & MATTRESSES
Millbrook Beds has agreed a three-year contract for Meachers Global Logistics to fully manage and operate its U.K. transport network on an exclusive basis.
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- RETAIL & DISTRIBUTION
National retailer Bensons for Beds has appointed the former group supply chain director of Dunelm as its new chief operating officer, the third person to hold the role since the start of the pandemic.
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- BEDS & MATTRESSES
The value of mattress imports into Britain climbed for the eighth month straight in June but the figures belie a downturn in volumes since the late spring.
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- RETAIL & DISTRIBUTION
Specialist retail investment firm Alteri Investors is beefing up its support for Bensons for Beds with fresh financial backing as the 170-store beds vertical continues to deliver its transformation plan.
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- SUPPLY & WHOLESALE
Growth slowed to its weakest level in over a year for U.K. furniture manufacturers in a sign production is catching up with the backlog from earlier high demand.
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- BEDS & MATTRESSES
Pan-European retail group Beter Bed Holding is mulling the launch of a new bedding brand as part of its plan to build a nine-figure Internet business within three years.
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- DEALS & FINANCE
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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- RETAIL & DISTRIBUTION
EBITDA doubled to £2.18 million for the group behind an online vendor of mattresses from brands including Relyon, Jay-Be and Silentnight last year as it recouped sales lost during the pandemic.
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- RETAIL & DISTRIBUTION
Mattress Online has acquired the premises of Sheffield bed retailer Eades & Co and will rebadge it as its first fully-branded store. It will become its third physical showroom overall.
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- BEDS & MATTRESSES
Stoke bedding and upholstery components supplier Handy has secured a deal with an Italian partner that will see it offer customers fully-computerised foam cutting machinery on an exclusive basis.
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- BEDS & MATTRESSES
The owner of the Premier Inn hotel chain has appointed Silentnight as its official bed supplier in a contract win that will add millions of pounds of turnover to what is already the U.K.'s largest mattress manufacturer.
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- BEDS & MATTRESSES
National retailer Bensons for Beds has raised £21,370 to help 100 children get a better night's sleep. It is part of a longstanding partnership with Absolute Radio's Cash for Kids charity.
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- SUPPLY & WHOLESALE
Declining demand, rising costs and overall economic uncertainty across Europe will lead to a decline in PU foam production this year.
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- BEDS & MATTRESSES
The National Bed Federation (NBF), the trade association for U.K. bed manufacturers and their suppliers, has appointed Tom Williams as its new sustainability and circular economy lead.
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- DEALS & FINANCE
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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- BEDS & MATTRESSES
West Yorkshire mattress components supplier BC Springs built cash and stock through 2021/22 in a period that also saw the business deleverage.
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- DEALS & FINANCE
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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- BEDS & MATTRESSES
Value of investments rise for owners of West Yorkshire memory foam mattress and bedding company.
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- BEDS & MATTRESSES
Direct-to-consumer and wholesale company Simba Sleep has launched the Simba Green Organic Go mattress, which it says is a lower impact product with half the carbon emissions of a traditional hybrid mattress.
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- BEDS & MATTRESSES
Restructuring advisors say one of the U.K.'s largest regional bed retailers is keeping to the revised terms of a company voluntary arrangement (CVA) originally agreed with creditors back in 2018.
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