Cabinet: Living, dining, bedroom, home office and kitchen furniture
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- MANUFACTURING
Input cost inflation for U.K. furniture manufacturers last month eased to its lowest level since July 2021, but remains at a historically high level.
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- DEALS & FINANCE
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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- CASE GOODS
The value of living, dining and bedroom wood furniture shipments into the U.K. declined for a third straight month in December, paring back full year growth in imports.
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- MANUFACTURING
Full year furniture makers' combined turnover failed to recover all the revenue lost to lockdowns as supply chain challenges hindered producers' efforts to meet demand.
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- MANUFACTURING
Privately-owned heritage manufacturer Ercol Furniture (ercol) has promoted finance director David Finch to managing director with immediate effect.
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- EVENTS
The British Furniture Manufacturers (BFM) is to organise a series of regional industry events where it hopes the furniture community will be able to network and share best practice.
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- RETAIL & DISTRIBUTION
Oak Furnitureland is launching a series of initiatives spanning a new leadership role, tree planting and furniture re-use partnerships, all of which are part of a plan to become a more environmentally responsible retailer. It has also signed up to the BRC’s Climate Action Roadmap.
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- TRADE & INDUSTRY
Uptake of Level 2 Furniture Standard Apprenticeships has snowballed amid worker shortages according to the Furniture and Interiors Education, Skills and Training Alliance (FIESTA).
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- RETAIL & DISTRIBUTION
Neville Johnson returned to profit in 2020/21 as the pandemic hastened digital adoption and cut the upmarket cabinet maker and retailer's marketing costs.
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- CASE GOODS
Diversified Yorkshire cabinet furniture maker and sheet materials supplier Decorative Panels doubled profits in 2020/21 on wider margins. Group sales were flat.
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- CASE GOODS
Cabinet furniture manufacturer Qualita has taken over production and distribution rights for Winsor Furniture's bestselling Stockholm range.
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- RETAIL & DISTRIBUTION
German furniture maker Hülsta has confirmed the permanent closure of its store in the Marylebone area of London, leaving it with two of its own retail showrooms in the U.K.
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- SUPPLY & WHOLESALE
Nobia, the Swedish kitchen conglomerate and owner of retail chain Magnet, has named XPO Logistics as the sole U.K. transport provider for all its British-based brands.
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- SUPPLY & WHOLESALE
Furniture conglomerate Lars Larsen Group booked net income of 5.14 billion Danish kroner (£581m) last year as it benefitted from both organic growth and acquisitions powering top line growth.
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- CASE GOODS
Legislators in Vietnam imposed some of the most severe Covid restrictions worldwide last year with widespread factory shutdowns, but they are yet to materially damage furniture exports to the U.K.
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- SUPPLY & WHOLESALE
U.K. furniture manufacturers' combined turnover climbed for the ninth month straight in November, new figures released Friday morning show.
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- CASE GOODS
The chairman of Ercol Furniture (ercol), which on Wednesday night featured on the BBC's Inside The Factory programme, says the manufacturer has recovered all the sales lost to the early period of the pandemic and continued to find bottom line gains.
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- DEALS & FINANCE
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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- SUPPLY & WHOLESALE
Furniture importer and wholesaler Seconique found sales, margin and profit expansion amid unprecedented demand last year, enabling it to generate cash and deleverage ahead of schedule.
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- SUPPLY & WHOLESALE
The Stock Exchange of Hong Kong (SEoHK) has directed Samson Holding, once one of the largest suppliers of cabinet furniture to the U.K. market, to conduct a review after criticising its internal control procedures.
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- SUPPLY & WHOLESALE
North East living, dining and bedroom wholesaler Baker Furniture has moved into its new 50,000sqft distribution centre ahead of beginning to deliver goods to customers from the purpose-built facility.
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- RETAIL & DISTRIBUTION
A successful project reorganising and galvanising the delivery operations of a prominent bed retailer has led to the launch of a new large-parcel one-man furniture delivery business called Solo Home Delivery.
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- RETAIL & DISTRIBUTION
The U.K.'s largest hardwood furniture retailer Oak Furnitureland will diversify its product offer with the launch of a new programme of bespoke floorcoverings across four new-format stores from Boxing Day.
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- SUPPLY & WHOLESALE
Moffett and Sons, the company behind the diversified upholstery, bed and cabinet manufacturer and wholesaler Balmoral Furniture, says it is on target to return to growth in 2021/22 after seeing sales and profits fall in the past year.
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- MANUFACTURING
A lack of skilled workers has forced furniture production wages higher, according to the British Furniture Manufacturers (BFM), the industry trade association.
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- DEALS & FINANCE
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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- MANUFACTURING
The price of raw materials and inputs used in the production of furniture rose to another record level in November according to new figures from the Office for National Statistics (ONS).
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- SUPPLY & WHOLESALE
The effect of enforced factory shutdowns across Vietnam finally outweighed high U.K. demand for its goods in October as the value of wood furniture imports fell for the first time this year.
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- SUPPLY & WHOLESALE
British furniture manufacturers' combined turnover rose on an annual basis for an eleventh month straight in October, but fell against pre-Covid levels.
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- CASE GOODS
Ready-assembled bedroom and living room furniture maker Welcome enjoyed a third straight year of double-digit sales growth in the year to March 31. Profits also increased sharply.
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- RETAIL & DISTRIBUTION
Revenue jumped by more than a third for The Cotswold Company in 2020/21 with the furniture retailer saying there has been a paradigm shift among consumers towards online shopping that it expects will continue.
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- CASE GOODS
Premium fitted kitchen, bedroom and freestanding furniture manufacturer and retailer John Lewis of Hungerford says the lease of a new property will boost production capacity.
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- RETAIL & DISTRIBUTION
Furniture retailer The Cotswold Company has opened its sixth store and its first since relaunching its brand image back in the spring.
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- ECOMMERCE
Mandated store closures gifted sales to ecommerce retailers through the early months of the pandemic but the momentum has slowed in 2021 as U.K. shoppers returned to brick-and-mortar retail environments.
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- CASE GOODS
A Staffordshire cabinet furniture manufacturer that sells custom-fit wardrobes and home office furniture ordered online is expanding into additional premises after rapid growth.
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- RETAIL & DISTRIBUTION
The new owners of bedroom and home office furniture retailer Sharps have installed a new chairman at the business following its buyout earlier this year.
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- CASE GOODS
September saw another vast quantity of Vietnamese furniture land at U.K. ports, likely reflecting large orders placed ahead of Covid-related late summer factory shutdowns in the Far East nation.
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- SUPPLY & WHOLESALE
The value of furniture made in U.K. factories in September was over £27 million higher than any other month in history according to data released Thursday by the Office for National Statistics (ONS).
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- RETAIL & DISTRIBUTION
John Lewis of Hungerford, the premium kitchen and bedroom furniture company, returned revenue close to pre-Covid levels in the year to June 30 as it reversed a 2019/20 deficit.
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- RETAIL & DISTRIBUTION
The Pine House Co, a cabinet furniture retailer based to the east of Bury St Edmunds, is to close permanently following the decision of its owners to retire after 20 years running the store.
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- SUPPLY & WHOLESALE
A leather, wood and fabric restoration product manufacturer that lists DFS, Harrods and John Lewis among its client roster has reduced its use of virgin plastic by 80 percent as part of an eco-drive to minimise its plastic packaging footprint.
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- RETAIL & DISTRIBUTION
Howden Joinery Group, the U.K.'s largest kitchen supplier, said it expects 2021 profits to be about £360 million after it continued to outperform on market tailwinds and a well managed supply chain.
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- RETAIL & DISTRIBUTION
The Swedish conglomerate behind U.K. kitchen chain Magnet saw third quarter revenue fall here on labour market issues and slow recovery in certain sectors.
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- TRADE & INDUSTRY
The British Furniture Manufacturers (BFM) has appointed an association leadership specialist as its new managing director while current incumbent Nick Garratt is to become its chairman.
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- DEALS & FINANCE
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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- SUPPLY & WHOLESALE
The effects of late summer Covid-related factory shutdowns in Vietnam are yet to show in official data. Instead, they reveal the impact of huge living, dining and bedroom cabinet orders placed before those plants were mothballed.
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- SUPPLY & WHOLESALE
British furniture manufacturers' combined turnover rose by a quarter against strong comparatives at the height of summer as the industry battled to meet surging demand.
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- SUPPLY & WHOLESALE
Home, gift and furniture wholesaler SIL generated cash and returned to profit last year as lower costs negated the impact of a fall in turnover.
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- RETAIL & DISTRIBUTION
Direct-to-consumer brand Swyft Home is to launch into the non-upholstered living room furniture category with its first cabinet products.
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- RETAIL & DISTRIBUTION
Britain's biggest hardwood furniture retailer Oak Furnitureland generated cash and was profitable before one-time items in its first period since the business was restructured following a prepack buyout last June.
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- SUPPLY & WHOLESALE
The md of furniture importer and distributor Bentley Designs says the business continues to keep a very tight rein on costs in the face of unprecedented supply side and shipping inflationary pressures.
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- SUPPLY & WHOLESALE
Furniture manufacturing activity in Vietnam is expected to increase after the Government signalled its intent to ease restrictions amid an intention to move away from its zero-Covid strategy.
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- ECOMMERCE
Midlands based ecommerce dining furniture retailer achieves net margin north of 20 percent.
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- BEDS & MATTRESSES
Sales more than doubled for manufacturer and retailer Get Laid Beds in 2020/21, making it one of the largest ecommerce players in the sector. Profits also jumped sharply.
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- SUPPLY & WHOLESALE
Wider gross margin and lower administrative costs negated the impact of lower revenue for furniture wholesaler Annaghmore Agencies in the year to December 31, 2020. Cashflow was strongly positive.
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- SUPPLY & WHOLESALE
Dan-Form, the Danish dining furniture manufacturer known for its bentwood chairs, plans to consolidate distribution with the build of a new warehouse.
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- SUPPLY & WHOLESALE
Record levels of furniture are being despatched out of British factories but nowhere near enough to satisfy demand and bring lead times down to historical norms.
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- SUPPLY & WHOLESALE
When the Prime Minister announced the first lockdown back in March last year the fear across the British furniture industry was palpable. Thick red lines were drawn through expense budgets and manufacturers up and down the country prepared for an unwanted game of who could hold their breath for longest.
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- CASE GOODS
Nicholas Radford says he plans to focus on other interests outside the furniture industry after a flood in the Far East prompted a decision to close the company behind the Nathan Furniture brand earlier this year.
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- CASE GOODS
Roundhouse, the high-end kitchen and bedroom cabinet maker and retailer, enjoyed better-than-expected trading last year as it found both top and bottom line growth.
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- CASE GOODS
A Swedish flooring and wood processing conglomerate with factories in central Europe is to enter the furniture market with the initial launch of cabinets assembled entirely without glue, nails or screws.
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- RETAIL & DISTRIBUTION
The Cotswold Company has promoted Lynsey Dorman to the role of art director with a brief to oversee the furniture retailer’s brand position and purpose.
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- SUPPLY & WHOLESALE
Restructuring advisors are targeting the sale of the business and assets of Whiteleaf Furniture after the manufacturer was placed into administration earlier this month.
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- TRADE & INDUSTRY
British furniture makers are on track to recover all of the lost revenue from a fall in exports last year with a double-digit climb in the value of goods sent overseas in the first six months of 2021.
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- SUPPLY & WHOLESALE
Furniture, beds and home accents supplier Gallery Direct is to open a large distribution centre near Chesterfield early next year.
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- SUPPLY & WHOLESALE
The pandemic clipped the wings of the U.K. upholstery industry more than other furniture segments as the value of the market here last year fell to its smallest level since 2013.
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- SUPPLY & WHOLESALE
Input price inflation for British furniture makers increased for an eleventh straight month in July as producers continued to wrestle with never-before seen pressures.
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- CASE GOODS
Cabinet furniture imports reached record levels in the first half as distributors and retailers invested heavily in stock despite high container shipping rates.
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- DEALS & FINANCE
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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- CASE GOODS
Upmarket fitted furniture maker and retailer John Lewis of Hungerford says better-than-expected trading helped it reverse first half losses to return to profit in 2019/20.
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- CASE GOODS
Fitted furniture maker J&J Ormerod (JJO) says demand is running at double-digit percentages ahead of pre-Covid levels and that it has emerged stronger from the pandemic and ready to invest.
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- RETAIL & DISTRIBUTION
Expanding kitchen maker and retailer Wren will add around 300 new jobs in Lincolnshire as a result of its previously-signposted new worktop plant in Lincolnshire.
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- SUPPLY & WHOLESALE
East Midlands upholstery, cabinet and beds distributor Birlea Furniture continued to find profitable growth despite the pandemic in 2019/20 and looks set for more this year.
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Small Buckinghamshire traditional furniture supplier placed into liquidation.
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- SUPPLY & WHOLESALE
Double-digit wholesale growth negated falling sales at Kettle Interiors U.K.'s retail division in 2019/20, though rising costs weighed on the cabinet company's profits.
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- SUPPLY & WHOLESALE
The U.K. arm of diversified furniture fittings and ironmongery giant Häfele Group found profit growth last year despite a double-digit decline in revenue because of the pandemic.
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- RETAIL & DISTRIBUTION
Nobia, the Swedish kitchens conglomerate whose interests include U.K. retail chain Magnet, enjoyed a strong sales bounce back here in the second quarter on store reopenings and weak comparatives.
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- SUPPLY & WHOLESALE
Howdens, the trade kitchen and joinery products supplier, says it now believes there is the scope for 900 U.K. depots, 50 more than previously targeted.
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- SUPPLY & WHOLESALE
A return to more normal margin levels boosted profits for the company behind LPD Furniture in 2019/20 with its furniture division achieving big sales growth despite the pandemic.
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- ECOMMERCE
North East cabinet manufacturer and retailer Funky Chunky Furniture has more than doubled sales as it benefitted from the channel shift to ecommerce and higher home furnishings spend.
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- RETAIL & DISTRIBUTION
Lower costs and rising average sales values helped kitchen retailer Harvey Jones narrow its net loss last year despite the impact of Covid on delivered business.
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- SUPPLY & WHOLESALE
Living, dining and bedroom wood cabinet imports have reached never-before seen levels in the first five months of 2021 despite well-publicised supply chain challenges.
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- CASE GOODS
Major U.K. cabinet maker Symphony built cash and remained profitable last year despite taking a large Covid-related hit to its top line.
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- SUPPLY & WHOLESALE
The circa £170 million timber group that runs businesses including wood based panels supplier Hoffman Thornwood has been sold to private equity.
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- RETAIL & DISTRIBUTION
The value of stock market listed fitted and freestanding cabinet furniture vertical John Lewis of Hungerford jumped sharply on Monday. The company said it doesn't know why.
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- CASE GOODS
Sigma 3, the South Wales based manufacturer and retailer of kitchen, bedroom and home office furniture, maintained seven-figure profits despite the pandemic hitting sales last year.
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- SUPPLY & WHOLESALE
Classic Furniture, one of the U.K.'s largest privately-owned furniture importers and wholesalers, grew profits last year on the back of wider margins.
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- RETAIL & DISTRIBUTION
National kitchen retailer Wren booked double-digit gains in both revenue and profit last year while a decision to invest in inventory proved judicious and helped negate supply chain issues that hurt rivals.
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- RETAIL & DISTRIBUTION
Ultra high end furniture company Linley says its business stands renewed, ahead of plan and restored to profit as it recovers from the profound impact of the pandemic.
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- RETAIL & DISTRIBUTION
Investment firm Sun European Partners has agreed to sell fitted bedroom and home office furniture retailer Sharps to funds advised by Epiris, a London based private equity investor.
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- SUPPLY & WHOLESALE
Revenue fell last year for the owner of four well-known British kitchen brands including Chippendale, but costs fell at a faster rate as the group returned to profit and repaid all outstanding bank borrowings.
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- SUPPLY & WHOLESALE
A year-end buffeted by Covid failed to prevent furniture wholesaler Julian Bowen finding double-digit revenue and profits growth last year.
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- SUPPLY & WHOLESALE
An industry-wide lament over rising container prices and limited space aboard vessels is unsurprising given never-before seen levels of wood furniture arriving in the U.K. from the Far East.
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- REGIONAL
Broxburn-based retailer Kitchens International has been acquired by James Donaldson & Sons (JDS), the £268 million turnover Scottish timber merchant.
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- SUPPLY & WHOLESALE
An already thin base of U.K. standalone bedroom cabinet makers was further depleted by the insolvency of two North West furniture companies earlier this spring.
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- RETAIL & DISTRIBUTION
One of Britain's leading fitted bedroom furniture retailers has hired advisors to explore strategic options as it razors in on the management of soon-to-mature borrowing.
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- RETAIL & DISTRIBUTION
A marked channel shift to online meant fitted furniture retailer Sharps saw no negative impact on orders from its shops being shut in the first quarter. It said profits benefitted from lower store costs.
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- SUPPLY & WHOLESALE
The company behind the Stompa kids furniture brand in the U.K. made substantial six-figure gains in the year taking in the early weeks of the pandemic, building cash in the process.
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- SUPPLY & WHOLESALE
Symphony Group, one of the U.K.'s largest furniture manufacturers, is to invest in a large dual-purpose production warehouse adjacent to its existing factory at Barnsley, South Yorkshire.
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- DEALS & FINANCE
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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- DEALS & FINANCE
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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- SUPPLY & WHOLESALE
Raw materials and other furniture makers' input costs are rising at their fastest pace in almost 13 years, according to the Office for National Statistics (ONS).
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- RETAIL & DISTRIBUTION
Wren Kitchens has opened what it described as the largest kitchen showroom in the North East of England, bolstering its footprint in the region.
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- SUPPLY & WHOLESALE
Actona Company, the circa £230 million Danish furniture supplier, is expanding its herringbone cabinet offer to more countries as it builds on its popularity in the Scandinavian market.
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- RETAIL & DISTRIBUTION
First quarter U.K. sales declined in only single digit percentages for the owner of kitchen chain Magnet despite its entire store estate being shuttered throughout.
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- CASE GOODS
Leeds fitted furniture vertical Strachan remained cash generative and profitable despite sales falling as a result of the first lockdown last year.
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- RETAIL & DISTRIBUTION
Furniture retailer The Cotswold Company says one-way video calls between shoppers and sales consultants wearing body cameras in its shops mitigated the impact of enforced early 2021 store closures, and are here to stay.
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- SUPPLY & WHOLESALE
A rise in the number of shipments from Vietnam and China docking at U.K. ports floated living, dining and bedroom cabinet imports to new heights at the start of 2021.
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- CASE GOODS
Nobilia, Europe's largest kitchen manufacturer, has recapitalised its U.K. kitchen retail business Kutchenhaus via a seven-figure equity injection.
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- RETAIL & DISTRIBUTION
Fitted furniture vertical Hammonds preserved cash and remained profitable at the EBITDA line as a strong order book helped mitigate the impact of the first U.K. lockdown last year.
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- CASE GOODS
The ready-to-assemble cabinet furniture arm of diversified West Yorkshire manufacturing group Decorative Panels found growth in the lead up to the pandemic.
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- RETAIL & DISTRIBUTION
Ashley Ann, the fitted furniture vertical that operates its own showrooms in Scotland and sells to third party dealers in England and Wales, says profits will be smaller but still positive this year.
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- CASE GOODS
German bedroom furniture maker Rauch has aligned its product development and marketing functions and hired a new leader to run the merged unit.
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- RETAIL & DISTRIBUTION
German kitchen manufacturing giant Nolte Küchen has acquired selected assets of a U.K. retail chain following a prepack administration deal.
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- SUPPLY & WHOLESALE
Britain's home office furniture market shrank in 2020 despite the move to home-working according to a new report by AMA Research. It says that will reverse this year as consumers make more permanent home office arrangements.
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- RETAIL & DISTRIBUTION
B&Q owner Kingfisher says it will "rightsize" a number of its largest stores but expects total store numbers to climb as it looks to smaller compact formats to target urban areas.
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- CASE GOODS
Structural cost savings and state support helped fitted furniture vertical John Lewis of Hungerford make inroads into losses in the six months to December 31, 2020.
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- SUPPLY & WHOLESALE
Living, dining and bedroom cabinet imports reached record levels in January with retailers and wholesalers bringing in never-before seen levels from both China and Vietnam.
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- CASE GOODS
Shareholders at Lancashire fitted furniture manufacturer J&J Ormerod (JJO) have decided to sell two thirds of the business to the company's employees, ending a long period of family ownership.
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- RETAIL & DISTRIBUTION
A ramp up in customer installations helped national bedroom retailer Sharps to a more than three-fold climb in profits in the final three months of 2020.
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- CASE GOODS
China was the only major cabinet furniture source nation to match year-earlier levels in 2020 as the pandemic clipped imports into the U.K. from most key markets.
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- ECOMMERCE
Online home, garden and living retailer Cox & Cox continued to build out sales in 2019–20 with it citing rapid growth in the furniture category as a key driver.
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- SUPPLY & WHOLESALE
U.K. furniture manufacturers' output was down by more than a fifth in 2020 after falling in 11 of the 12 months of the year as the industry grappled with the virus and restrictions on trade.
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- DEALS & FINANCE
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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- SUPPLY & WHOLESALE
The plug was pulled on the U.K. operation of a leading maker of high-end furniture for luxury yachts and private planes after it was adversely impacted by a range of factors including Covid-19.
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- RETAIL & DISTRIBUTION
The U.K. arm of kitchen conglomerate Nobia was loss making last year as the pandemic hindered its project business.
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- RETAIL & DISTRIBUTION
Cashflow and orders were strong as the group behind custom cabinet maker and retailer Neville Johnson bounced back from the early months of the pandemic.
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- ECOMMERCE
Experienced marketer Laura Sutherland has joined West Yorkshire children's bedroom retailer Room To Grow with a brief to scale up its marketing and develop its product range.
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- RETAIL & DISTRIBUTION
The number of upholstery, beds and cabinet related trademark applications filed by Next in recent weeks is more than double the combined total lodged by the retail giant across those categories over the past five years.
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- RETAIL & DISTRIBUTION
National kitchens vertical Harvey Jones forecasts a return to profit in 2021, but says it has the resources to survive a worst scenario this year should the need arise.
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- CASE GOODS
Steps taken to broaden the appeal of the heritage Nathan brand have paid dividends according to the furniture company, with a new generation of social media-savvy consumers now following the business.
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- SUPPLY & WHOLESALE
Furniture maker Ercol (ercol) returned to profit at EBITDA level in 2020 after orders and delivered turnover outperformed levels management were budgeting for during the first lockdown, its chairman said.
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- CASE GOODS
Port delays and container shortages didn't stop a third consecutive rise in cabinet furniture imports as wholesalers and retailers replenished stock ahead of Christmas.
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- TRADE & INDUSTRY
Efforts to meet pre-Christmas delivery deadlines after strong demand through the summer and autumn meant U.K. furniture manufacturing output reached a year-long high according to new Government figures.
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- EVENTS
W Exhibition & Elements, the trade show for the furniture manufacturing and joinery industries, has been postponed until February 6–9, 2022, organisers have announced.
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- RETAIL & DISTRIBUTION
Furniture retailer The Cotswold Company said its decision to invest in inventory ahead of the pandemic has aided strong growth in 2020–21, mitigating the impact of Far East factory closures and enabling it to meet demand and fulfil orders.
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- SUPPLY & WHOLESALE
The diversified furniture, mattress and home accents distribution group Gallery Direct built out revenue in 2019 including a 50 percent rise in U.K. sales. Profits fell on higher costs.
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- SUPPLY & WHOLESALE
The company behind the Balmoral Furniture operation in Northern Ireland says it should break even in the year to March 2021 despite sales being hit by the pandemic.
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- SUPPLY & WHOLESALE
Sales grew for a fourth straight year at northeast distributor Baker Furniture despite the first lockdown clipping the final weeks of its financial year. Profits also climbed.
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- SUPPLY & WHOLESALE
Cabinet imports climbed at their fastest pace in 18 months as distributors and wholesalers rushed to build inventory according to the latest Government figures.
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- DEALS & FINANCE
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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- CASE GOODS
Revenue climbed double-digit for a second straight year at ready-assembled cabinet maker Welcome Furniture in 2019–20. Profits declined on cost headwinds.
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- SUPPLY & WHOLESALE
U.K. furniture companies are being quoted sky high prices to ship containers while inbound product is being delayed. Data compiled by The Furnishing Report already shows the strain on upholstery and cabinet at ports such as Felixstowe.
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- CASE GOODS
Company voluntary arrangement (CVA) at kitchen cabinet manufacturer, designer and installer.
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- RETAIL & DISTRIBUTION
Sharps, the fitted furniture chain, recorded a 56 percent rise in underlying profits for the three months to end September and says performance should not be unduly impacted by the latest lockdown in England.
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- SUPPLY & WHOLESALE
Sales growth returned for Portadown furniture wholesaler Annaghmore Agencies in 2019 with profits before non-cash and finance costs rising by more than a third.
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- CASE GOODS
Third quarter sales jumped for European ready-to-assemble cabinet furniture maker Forte but remain well down in the year so far, including the region taking in the U.K.
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- RETAIL & DISTRIBUTION
The reintroduction of kitchens across the B&Q store network has been accelerated after a glut of orders for the home improvement retailer.
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- CASE GOODS
China led a return to growth for wood living, dining and bedroom furniture imports as the combined cabinet segment nailed down its position as the category least impacted by the pandemic.
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- SUPPLY & WHOLESALE
The chief operating officer of Ercol Furniture (ercol) has left the manufacturer to complete a PhD with the heritage British brand appointing two senior existing executives to run the business on a day-to-day basis.
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