Deals, Finance & Restructuring
- Details
- INTERNATIONAL
Designer furniture and homeware retailer The Conran Shop is considering the disposal of its operations in France as part of a move to explore strategic alternatives for the business unit.
- Details
- UPHOLSTERY
The layoff of the entire workforce of private-label sofa maker Acclaim Upholstery doesn't mean manufacturing operations will not be resurrected, according to people briefed on the situation.
- Details
- RETAIL & DISTRIBUTION
The company behind a clearance specialist selling cancelled, returned and end-of-line orders from some of the U.K.'s largest retailers including John Lewis has been placed into administration.
- Details
- RETAIL & DISTRIBUTION
Orders taken ahead of the buyout of Moda Furnishings by Giomani Designs late last week will not be delivered with customers to be told to try and claw back funds from card providers.
- Details
- ECOMMERCE
Giomani Designs has added outdoor furniture to its expanding roster of home retail interests with the rescue buyout of six-store multichannel retailer Moda Furnishings.
- Details
- UPHOLSTERY
All 128 employees of private-label sofa maker Acclaim Upholstery Company have been made redundant after the company was placed into administration last week, restructuring advisors have now confirmed.
- Details
- SUPPLY & WHOLESALE
HMRC and the now-defunct Kettle Interiors U.K. company were the two main creditors of Kettle Interiors Agencies, which was placed into insolvency shortly after its larger associate.
- Details
- UPHOLSTERY
Employees of private-label Long Eaton sofa manufacturer Acclaim Upholstery were told of the company's insolvency at a meeting last week.
- Details
- FLOORCOVERINGS
Acquisitive flooring retail and wholesale group Nestware Holdings has disclosed the terms of the early 2021 buyout of TradeChoice Distribution for the first time.
- Details
- RETAIL & DISTRIBUTION
The majority of Ideal World's 275-strong workforce have been laid off after the TV shopping retailer ceased broadcasting earlier this week and was placed into administration on Wednesday.
- Details
- RETAIL & DISTRIBUTION
Restructuring advisors were called in as administrators at TV shopping network Ideal World on Wednesday with staff to find out later today whether their jobs are to be saved.
- Details
- SUPPLY & WHOLESALE
Gary Lasham and David Meltham have made quick returns to the industry after leaving Belfield Group, with the pair taking non-exec posts at contract furniture maker Barons as part of an MBO led by its hitherto sales director.
- Details
- RETAIL & DISTRIBUTION
Staff at TV shopping channel Ideal World were sent home and all broadcasting pulled, including its lucrative ITV early morning slots, as stakeholders work to tie up a transaction that will rescue the Peterborough retailer.
- Details
- DEALS & FINANCE
Keswick Flooring, part of the Nestware Holdings group that also owns Carpetright, has acquired the business of UK Flooring Direct in a deal that saves jobs and ensures outstanding orders will be fulfilled.
- Details
- BEDS & MATTRESSES
Industrial giant The Vita Group is simplifying its corporate structure following the 2021 acquisition of the Usleep mattress making business from Belfield Group.
- Details
- BEDS & MATTRESSES
Direct-to-consumer mattress and sleep company Brook & Wilde (Brook + Wilde) is close to the completion of a restructure of the business and has called on a supplier to withdraw a potentially disruptive winding up petition.
- Details
- RETAIL & DISTRIBUTION
Frasers Group, owner of retailers including Sofa.com, Amara and House of Fraser, has increased its significant minority shareholding in Ideal World, a little over a year after the TV shopping network was rescued out of administration.
- Details
- RETAIL & DISTRIBUTION
Delivery company DX has reached an agreement to take over 15 U.K. sites previously operated by Tuffnells, the flat-pack furniture delivery specialist that entered administration earlier this month.
- Details
- CASE GOODS
A buyer has been found for the Co. Monaghan factory of cabinet furniture manufacturer Gola Wood Works after the company succumbed to market pressures earlier this year.
- Details
- UPHOLSTERY
Upholstery manufacturer Celebrity Motion Furniture has successfully completed its company voluntary arrangement (CVA) with a better-than-forecast return for its creditors.
- Details
- FLOORCOVERINGS
Manufacturing giant Ulster Carpets will broaden its offer after agreeing to buy Alternative Flooring, the Hampshire based supplier of natural fibre carpets and rugs.
- Details
- RETAIL & DISTRIBUTION
Hundreds of customers of South London bedroom furniture retailer Instrument were owed the thick end of half a million pounds when the business folded earlier this month.
- Details
- FLOORCOVERINGS
Dozens of consumers face a battle to recoup cash after the collapse of an independent carpet retailer based in the North West of England.
- Details
- BEDS & MATTRESSES
Recticel's U.K. comfort foams business is now in the hands of a Midlands-based investment firm after the Belgian conglomerate closed out the sale of the rest of its global engineered foam units to Carpenter for a revised-down price.
- Details
- SUPPLY & WHOLESALE
Consumers awaiting furniture and mattresses from customers of delivery giant Tuffnells face potential delays after the freight specialist was formally placed into the hands of restructuring advisors on Monday.
- Details
- CASE GOODS
South London bedroom specialist Instrument Furniture has ceased trading after heavy losses and a mounting debt burden negatively impacted the business.
- Details
- SUPPLY & WHOLESALE
The cost of restructuring the furniture wholesale company Kettle Interiors U.K. could swallow up a seven-figure chunk of the hoped-for realisations from the sale of its assets to an entity under common control.
- Details
- BEDS & MATTRESSES
A U.S. bankruptcy court has approved the Chapter 11 reorganisation plan for Serta Simmons Bedding (SSB), shunting the bed manufacturing giant further along the path to recovery.
- Details
- DEALS & FINANCE
Soft furnishings distributor Riva Home has followed its buyout of cushion maker Evans Lichfield during the pandemic with the acquisition of Glasgow fabrics producer Voyage Maison.
- Details
- RETAIL & DISTRIBUTION
A tranche of Made.com stock with a book value north of £6 million has yielded a sub 1 percent return for the estate of the bust furniture retailer after a logistics firm exercised a lien over the furniture held in its warehouse.
- Details
- BEDS & MATTRESSES
Unsecured creditors of the historic former Silentnight entity whose assets were sold to a U.S. private equity company more than a decade ago received a third seven-figure payout last year.
- Details
- SUPPLY & WHOLESALE
Restructuring advisors handling the insolvency of Kettle Interiors U.K. say legal action may be necessary to facilitate the collection of a portion of the furniture wholesale company's debtor book.
- Details
- CASE GOODS
The closure of a flatpack furniture maker earlier this year has resulted in the liquidation of a co-controlled ecommerce retail business trading as Devoted2Home.
- Details
- ECOMMERCE
The insolvent restructure that wiped out the equity interest of the founder of ecommerce retailer Oak Furniture Superstore has resulted in elevated stakes for other shareholders, including the founder of Oak Furnitureland.
- Details
- RETAIL & DISTRIBUTION
Third-party investors have taken a multi-million pound minority equity position in Neptune, the Wiltshire headquartered furniture design, wholesale and retail group.
- Details
- REGIONAL
The co-owner of the furniture company behind The Interior Outlet retail store in Yorkshire says a variety of factors resulted in its insolvency including unresolved issues in its supply chain.
- Details
- LEGAL & RESTRUCTURING
A court filing has put creditors of a heritage producer and distributor of table, dining and homeware products on high alert ahead of a possible insolvent restructure.
- Details
- DEALS & FINANCE
Global supply chain delays ratcheted up the pressure on mattress machinery maker MPT Group ahead of an insolvent restructure that has seen all jobs saved.
- Details
- RETAIL & DISTRIBUTION
The leader of Tempur Sealy International (TSI) says the takeover of U.K. market leader Dreams augurs well for the much-larger planned acquisition of its compatriot retailer Mattress Firm in a deal worth $4 billion.
- Details
- DEALS & FINANCE
The md of the Yorkshire distribution company that bought the Corian solid surface material to the U.K. home furnishings market has completed a management buyout.
Stay informed. Subscriptions start from less than £2 per week: