Deals, Finance & Restructuring
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- FLOORCOVERINGS
Decision, widely anticipated, follows divestment of certain I.P. and other soft flooring divisions.
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- DEALS & FINANCE
A U.K. ready-to-assemble cabinet furniture manufacturer that has supplied the likes of Argos for many years has divested 25 percent of the business to an East of England group with an expanding roster of interests in the furniture sector.
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- DEALS & FINANCE
Investment and backers disclosed for the furniture-as-a-service (FaaS) provider that teamed with sofa-in-a-box brand Swyft earlier this year.
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- SUPPLY & WHOLESALE
Restructuring advisors offer bullish outlook for creditors of East Midlands supplier after co-owner's death prompted eventual closure last year.
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- DEALS & FINANCE
The investment conglomerate that bought British furniture wholesaler Julian Bowen last year has strengthened its home interest portfolio with the acquisition of a compatriot floorcoverings company.
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- DEALS & FINANCE
Online-led furniture retailer Made.com has acquired Trouva, an ecommerce platform that offers a curated range of homewares, lifestyle and fashion products.
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- SUPPLY & WHOLESALE
Britain's Competition and Markets Authority (CMA) has launched an inquiry into the planned takeover of Recticel's engineered foam unit by Carpenter Co., the U.S. conglomerate. Both are key cogs in the U.K. furniture supply chain.
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- CASE GOODS
The threat of expensive litigation threatened the future of Clive Christian Furniture ahead of a sale of the business and assets of the company earlier this spring, according to a new report.
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- CASE GOODS
A southern England maker of bespoke furniture including wardrobes, kitchens and panelling has folded a little over a year after it changed owners.
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- BEDS & MATTRESSES
Restructuring advisors says there is unlikely to be enough cash raised from the sale of The Foam Company's assets to enable a return to unsecured creditors.
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- TRADE & INDUSTRY
Belgian foam conglomerate Recticel found big sales growth in the first quarter driven by higher volumes and an inflationary price backdrop.
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- DEALS & FINANCE
The value of the deal that saved prestige cabinetry and interiors brand Clive Christian has been disclosed publicly for the first time, along with some of the terms of the takeover.
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- UPHOLSTERY
Restructuring advisors looking to raise cash for the creditors of Sofa Workshop should soon be in a position to name the new owner of the brand after the deadline passed for bidders late last week.
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- CASE GOODS
The global sales director of high-end cabinetry and interiors company Clive Christian Furniture and a U.S. franchisee have combined to acquire the business and assets of the company out of administration.
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- CASE GOODS
A West Yorkshire bedroom cabinet furniture maker and the jobs of its 26 employees were saved earlier this spring after restructuring advisors brokered a prepack sale.
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- RETAIL & DISTRIBUTION
Ecommerce furniture and homeware retailer Shabby is back trading again after its stock, IP and other assets were bought out of administration by an ambitious rival that was until recently focussed solely on rugs.
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- UPHOLSTERY
Colne upholstered furniture maker Furnico found near double-digit sales growth in the last full year before the business was sold to U.S. giant La-Z-Boy in the autumn.
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- CASE GOODS
Upmarket cabinet maker and interiors company Clive Christian Furniture, bought by its management team almost three years ago, has been placed into the hands of restructuring advisors.
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- DEALS & FINANCE
A U.K. bedding retailer chaired for most of the past decade by former Marks and Spencer CEO Sir Stuart Rose is on the cusp of being sold to U.S. furniture and bedding retail and wholesale group Malouf Companies.
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- DEALS & FINANCE
Cylindo, the fast-growing 3D product visualisation platform that lists the likes of Loaf among hundreds of furniture retail clients, has been sold to Chaos, a world leader in photorealistic rendering technology based in Germany.
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- TRADE & INDUSTRY
The number of furniture and flooring industry companies filing for insolvency continued to normalise in the first quarter, up sharply on last year but below historic trends.
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- SUPPLY & WHOLESALE
The U.K.'s antitrust regulator has found that Där Lighting restricted retailers' freedom to set their own prices online between 2017–2019 and fined the company £1.5 million.
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- RETAIL & DISTRIBUTION
Administrators have been appointed to weekly payments furniture, appliances and electricals retailer Perfect Home, almost ten months after it announced a managed wind down of its operations.
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- BEDS & MATTRESSES
Portugal's Aquinos Group, one of Europe's largest sofa and bed manufacturers, has completed the takeover of the bedding division of Belgian foam conglomerate Recticel.
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- RETAIL & DISTRIBUTION
Upholstery chain Sofa Workshop ceased trading on Thursday and has been placed into administration, owner Halo Group has said.
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- UPHOLSTERY
A North West sofa wholesale business along with two connected companies including a retail business have been placed into liquidation.
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- CASE GOODS
West Midlands furniture wholesaler ASR Interiors has successfully won the first of two legal challenges against companies it alleged had copied its dining ranges.
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- DEALS & FINANCE
Experienced manufacturing executive Richard Carr has become managing director at West Yorkshire contract furniture manufacturer Craftwork Upholstery after he led a management buy-in (MBI).
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- DEALS & FINANCE
The Swedish investment group that acquired a majority stake in U.K. furniture supplier Julian Bowen last year has strengthened its home décor portfolio with the buyout of a compatriot lighting brand.
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- RETAIL & DISTRIBUTION
The company behind TJ Hughes, the off-price department store retailer with a sizeable furniture offer, has successfully completed its company voluntary arrangement (CVA).
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- DEALS & FINANCE
Ecommerce retailer Mattress Online has agreed to buy The Skipton Bed & Sofa Centre as it embarks on a clicks-and-mortar expansion that will see the rollout of 10 physical stores over the next five years.
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- RETAIL & DISTRIBUTION
Joules Group is to make an additional seven-figure payment to the vendors of ecommerce furniture and home retailer The Garden Trading Company after the latter met performance targets last year.
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- BEDS & MATTRESSES
West Yorkshire mattress and foam products manufacturer GNG Group has acquired certain assets of Abingdon based The Foam Company out of administration.
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- LEGAL & RESTRUCTURING
A circa £10 million office furniture manufacturer based in the West Midlands has formally entered administration and its remaining employees made redundant.
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- BEDS & MATTRESSES
Asset realisation specialists marketing The Foam Company cited rising raw material costs combined with the loss of its largest client as factors that prompted the hoped-for sale of the Oxfordshire mattress manufacturer.
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- DEALS & FINANCE
Late arriving stock from the Far East was a contributing factor in the sale of the company behind garden furniture and lighting retailer Trueshopping earlier this year, according to a new report by restructuring advisors.
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- BEDS & MATTRESSES
Oxfordshire OEM and branded mattress manufacturer placed into the hands of restructuring advisors.
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- DEALS & FINANCE
Flokk Group has doubled the size of its U.K. operations after agreeing to buy West Yorkshire furniture manufacturer Connection Seating from its private shareholders.
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- RETAIL & DISTRIBUTION
A national pay weekly retailer of upholstery, casegoods, flooring and window dressings filed for insolvency with debts of £3.8 million after falling foul of supply chain challenges, chargebacks and accounting errors.
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- RETAIL & DISTRIBUTION
The company that ran TV shopping network Ideal World before its sale to a private investor has been subsequently placed into administration.
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