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The founding CEO of Jonathan Charles says he is "humbled" at Markor's interest in his business, after the Chinese giant acquired a 60 percent stake in the Vietnam based case goods resource.

 

Markor International Home Furnishings Co, one of China's largest furniture manufacturers and employer of 7,000 people, announced the $4.9 million deal (£3.5m) for Jonathan Charles alongside a separate $25 million takeover of U.S. based Rowe Fine Furniture.


"Richard Feng [Markor founder] and myself both share the same passion and vision for the future," said Jonathan Sowter, CEO at Jonathan Charles Fine Furniture and Vietnam Furniture Resources (VFR) in emailed comments to The Furnishing Report.


"He is an artist and I am a craftsman and we both get along incredibly well. We are both incredibly excited by the endless possibilities our partnership brings."


Jonathan Charles, which has a UK facility in Sheffield and its own large manufacturing operation in Vietnam, designs and makes antique cabinet furniture replicas as well as its own transitional designs, which are sold through high-end stores and interior designers across North America and Europe.


Mr Sowter added that "Markor is without doubt the most impressive operation I’ve come across in this industry and I’m humbled that such a fine company as Markor would be interested in a company like Jonathan Charles."


"I started this company because I loved making beautiful things. The only difference now is I get to make a lot more beautiful things."

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