Deals, Finance & Restructuring
- Details
- ECOMMERCE
The restructuring of a formerly-profitable online furniture, home and garden boutique based in Cheshire leaves creditors facing a potential shortfall.
- Details
- LEGAL & RESTRUCTURING
Turnaround firm Antony Batty & Company lined up as a potential restructuring advisor at small cabinet producer.
- Details
- LEGAL & RESTRUCTURING
Studio Moderna Brands International, a U.K. company controlled by the mainland European group that also owns mattress and bedding brands such as Dormeo and Octaspring, has been placed into administration.
- Details
- SUPPLY & WHOLESALE
A South West based logistics company whose services include two-man white glove delivery on behalf of big-ticket customers has filed a notice of intent to appoint an administrator (NOI).
- Details
- RETAIL & DISTRIBUTION
Employees and customer orders have transferred as part of a restructure that provides continuity of trade at the multi-million pound turnover retailer behind the Oak Furniture House brand.
- Details
- UPHOLSTERY
Direct-to-consumer sofa business Maker&Son has made roles redundant as part of plans to restructure and stabilise the embattled upholstery retailer.
- Details
- UPHOLSTERY
National retailer ScS is the new owner of modular sofa business Snug after it acquired the brand, domain names, website, intellectual property and stock from the administrators of the predecessor operating company.
- Details
- DEALS & FINANCE
Flooring group Headlam has acquired one of the largest independent players in the U.K. rugs market in a deal that bolsters its offer to the ecommerce sector.
- Details
- RETAIL & DISTRIBUTION
Restructuring advisors sanctioned hundreds of thousands of pounds in critical ransom payments in order to keep The Garden Trading Company trading ahead of its sale to private equity last month.
- Details
- UPHOLSTERY
Ekornes, the China-owned upholstered furniture maker and owner of the Stressless brand, is to shed about a quarter of its global workforce and consolidate its Far East manufacturing operations in response to the weaker market.
- Details
- FURNISHINGS & ACCENTS
A digital challenger bank and the taxman have been left nursing significant debts following the insolvency of a rugs wholesaler based in the South East of England.
- Details
- RETAIL & DISTRIBUTION
The online marketplace platform bought by fallen furniture retailer Made.com in the spring of last year has fresh backing following a carve out process.
- Details
- UPHOLSTERY
A financial backer of embattled Maker&Son has filed a notice of intent to appoint an administrator in a move designed to protect its position following a series of issues described as beyond the upholstery business' control.
- Details
- DEALS & FINANCE
The rescue of Crazy Price Beds last month secures the future of all sites and jobs at the Staffordshire company, restructuring advisors have now confirmed.
- Details
- BEDS & MATTRESSES
A serial buyer of fashion and furniture retail companies has been confirmed as the new owner of ecommerce mattress and bed base retailer Crazy Price Beds in a deal brokered by restructuring advisors.
- Details
- DEALS & FINANCE
Esselle Retail, a distributor of flooring textiles based in the North West, has acquired Arthouse, the private equity backed supplier of wallcoverings and home décor.
- Details
- ECOMMERCE
An East Midlands based ecommerce garden furniture brand could return despite its predecessor operating company folding leaving debts of almost half a million pounds.
- Details
- DEALS & FINANCE
A Yorkshire based entrepreneur has acquired The Garden Trading Company out of administration in a deal that saves the brand and all 53 jobs.
- Details
- UPHOLSTERY
Direct-to-consumer upholstery brand Maker&Son is at the centre of a legal dispute following the sale of the business to a new financial sponsor earlier this year.
- Details
- RETAIL & DISTRIBUTION
Peter Harrison says a lifelong ambition has been realised after the shares of BGF and other minority shareholders were acquired in a transaction that gives the family 100 percent control of the business for the first time in its 33-year history.
- Details
- UPHOLSTERY
A historic sofa manufacturer that also sells branded upholstery from its large retail showrooms in Buckinghamshire has filed a notice of intent (NOI) to appoint an administrator.
- Details
- CASE GOODS
The South Yorkshire cabinet maker behind the Spaceslide and Spacepro bedroom furniture brands is not impacted by the insolvency of the kitchen retail business it bought six years ago.
- Details
- LEGAL & RESTRUCTURING
A Derbyshire kitchens business has folded without warning after taking almost £350,000 of deposits, leaving orders unfulfilled and consumers facing a challenge to recoup funds.
- Details
- BEDS & MATTRESSES
A West Yorkshire mattress company has been compelled to change its corporate name following a legal challenge by one of the U.K.'s largest bed makers.
- Details
- LEGAL & RESTRUCTURING
The large U.K. affiliate of a South Asian distributor of bedding, quilts and other household textiles has been placed into administration after it succumbed to cashflow problems amid creditor pressure.
- Details
- DEALS & FINANCE
The family owners of Latexco, the Belgium based maker of finished and semi-finished bedding products and components, have agreed to sell the business to a compatriot industrialist.
- Details
- DEALS & FINANCE
An alternative finance provider to dozens of furniture industry enterprises could follow its parent company into administration according to a new court filing.
- Details
- RETAIL & DISTRIBUTION
The Garden Trading Company, the ecommerce and wholesale furniture, home and garden company, was not sold to general merchandise giant Next as part of the £41 million buyout of Joules Group assets and its headquarters last week.
- Details
- ECOMMERCE
A Staffordshire ecommerce business majoring in screen printed household textiles and other homewares has been placed into liquidation leaving creditors facing a seven-figure shortfall.
- Details
- RETAIL & DISTRIBUTION
Frasers Group, owner of House of Fraser and Sofa.com, has acquired upmarket homewares brand Amara in a deal brokered by restructuring advisors.
- Details
- DEALS & FINANCE
General merchandise retailer Next has partnered Tom Joule to acquire the majority of the assets of lifestyle brand Joules out of administration in two transactions worth a total of £41 million.
- Details
- LEGAL & RESTRUCTURING
A South East courier company offering next-day parcel delivery including bulky items such as furniture flatpacks has filed a notice of intent (NOI) to appoint administrators.
- Details
- DEALS & FINANCE
Victoria's takeover of parts of Belgium's Balta group was well publicised but the flooring conglomerate has since completed the buyout of another nearby business, it disclosed Tuesday morning.
- Details
- FLOORCOVERINGS
Flooring conglomerate Victoria posted a stronger top and bottom line in the six months to October 1, 2022 but saw cash levels decline as a result of debt pay-down, acquisitions, capex and an operating cash outflow.
- Details
- REGIONAL
A Yorkshire bedroom furniture retailer leaves creditors facing a seven-figure shortfall after it ceased trading earlier this autumn.
- Details
- RETAIL & DISTRIBUTION
More detailed terms of the buyout of highly-profitable clicks-to-bricks furniture retailer Loaf have been disclosed for the first time following an investment by Blue Coast Capital last year.
- Details
- RETAIL & DISTRIBUTION
Ecommerce mattress and bed frame retailer Crazy Price Beds is under new ownership after surging import costs and other headwinds forced the disposal of the Midlands operation.
- Details
- LEGAL & RESTRUCTURING
A privately-owned bedroom furniture manufacturer is to restructure its debts after it agreed a company voluntary arrangement (CVA) with its largest creditor.
- Details
- LEGAL & RESTRUCTURING
Made.com ran up more than £1 million in professional fees payable to lawyers and restructuring advisors in the weeks leading up to it being placed into administration.
- Details
- RETAIL & DISTRIBUTION
Restructuring advisors plan to carve out and find a new owner for Trouva, the online trading platform acquired by Made.com (Made) back in the summer.
Stay informed. Subscriptions start from less than £2 per week: