Flooring manufacturer and distributor Victoria is dusting off previously-jettisoned plans to launch a corporate bond, following through on comments made last week when it released its full year results.

Belgian carpet imports declined in May for the first time since the beginning of the year. Overall arrivals were still up because of more goods shipped in from Turkey, China and India.

An aborted financing exercise that left Victoria's chairman angered by onlookers with "less than pure" motives cost the acquisitive floorcoverings group a high seven-figure sum in wasted fees.

Balta, the Belgian floorcoverings manufacturing group whose U.K. and Ireland sales number well over £100 million, has named the new head of its carpet production business.

The Archwood home improvement group, owner of flooring business Atkinson & Kirby and other timber products businesses, incurred a further loss in 2017–18 after revenue fell and costs increased.

Floorcoverings wholesaler Valley Carpets built cash and sales in the year to September 30, 2018 as it capitalised on its enlarged warehousing capability. Profits declined.

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Cormar's new Hemel Hempstead distribution centre spans 130,000sqft.
Sales jumped in high single-digits for Bury carpet maker Cormar in 2017–18 with the company controlling costs to return to bottom line growth.

Sales pass £13m for Northern Ireland headquartered carpet and floorcoverings distributor.

The West Yorkshire company behind the Burmatex carpets business has warned half-year profits will be lower than last year after a weak second quarter.

The downsizing at floorcoverings chain Carpetright hasn't diminished its market leadership says the retailer's CEO as the company disclosed full year 2018–19 results.

Lawton Yarns, the £37 million turnover carpet yarn spinner whose products are used by a range of U.K. floorcoverings manufacturers, has been sold in a prepack deal.

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Axminster Carpets is one of the industry's most historic manufacturers.
Historic floorcoverings manufacturer Axminster Carpets says it will post double-digit revenue growth when it files 2018–19 numbers as it looks to emerge from a turnaround phase.

H Dawson Sons and Company, the Yorkshire wool supplier and owner of heritage carpet maker Axminster, agreed a company voluntary arrangement (CVA) with creditors this spring that it believes will put the business on sound financial footing.

Carpet imports into Britain are on target to rise back above £900 million in 2019 after the latest data dump from U.K. authorities showed a fourth straight year-on-year rise.

Alexander Anton, one of the descendants of the original founder of carpet maker Victoria and a catalyst for the epochal change of the business into one of the industry's largest players, is leaving the board.

Acquisitive floorcoverings distributor and manufacturer Victoria has added another U.K. company to its growing roster of subsidiaries with a low-key takeover of a £23 million turnover Yorkshire carpet maker.

Biggest development in near 50-year history says £8 million rugs distributor, which supplies products to retailers such as Argos.

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Against soft comps, Headlam made gains in early 2019 trading.
Flooring conglomerate Headlam Group said it made top line gains in the first four months of the year with customers spending more in both the residential and commercial sectors.

Victoria, the U.K. headquartered floorcoverings manufacturer and distributor, has further strengthened its ties with the U.S. with its latest board appointment.

Carpet imports into Britain rose at their fastest rate in 17 months as Belgium's manufacturers got their mojo back to help put a miserable 2018 behind them.

Administrators have found a buyer for £12 million carpet equipment manufacturer Sellers Global Engineers after completing a deal with a consortium of investors to save the business.

Carpet and flooring distributor Victoria says it is "well placed for organic and acquisition-led growth" after giving its finances and trading performance a clean bill of health.

Designer Contracts, the national floorcoverings contractor, says it has near-doubled the size of its North East depot to accommodate an increase in volume.

Likewise Group has made its first international move after acquiring H&V Carpets BVBA, a Belgium based supplier of full rolls of carpet to flooring retailers in the UK and Germany.

Victoria, the Kidderminster headquartered manufacturer and distributor that has been buying up floorcoverings companies in recent years, says it has agreed new long-term debt finance.

Floorcoverings retailer United Carpets & Beds has opened a new store with a unit at one of the North East's most significant home furnishings retail destinations.

The intellectual property (IP) of Allied Carpets and Floors-2-Go — the one-time market leaders in the carpets and wood flooring retail sectors respectively — is up for sale.

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UK like-for-like sales trend improved significantly, Carpetright said.
Floorcoverings market leader Carpetright says returning customer confidence in the chain after its 2018 restructure has delivered a sales boost and put it "on the path to sustainable profitability."

Ball & Young, the carpet underlay maker behind the Cloud 9 brand, returned to growth last year after taking action to offset the impact of rising input costs.

Sales grew at a faster rate for national floorcoverings supplier Designer Contracts in 2017–18 as the business continued to build out its depot network.

Topps Tiles, the market leader in the UK wall and floorcoverings retail sector, has agreed to buy commercial tile supplier Strata Tiles from its private shareholders.

British retailers and wholesalers bought more carpets from Belgium — the largest foreign source of the product — in February, ending a negative stretch going back to July last year.

Neil Rylance, CEO of flooring group Airea, has sold 2.5 million shares at 72 pence per share to the company's recently-created Employee Benefit Trust (EBT), the company has announced.

Balta Group, the Belgian carpet manufacturing giant and a major supplier to the British market, has appointed interim boss Cyrille Ragoucy as chief executive on a permanent basis.

Expanding floorcoverings retailer FlooringSuperstore.com continued its store rollout programme, opening a second showroom in the Midlands last weekend.

Likewise Group will complete its biggest deal yet with the takeover of Heatseam, a £21 million turnover distributor of residential floorcoverings throughout England and Scotland.

The new year began as the last one ended for Belgium's carpet manufacturers as imports from the country into Britain fell for the seventh month in a row.

Kidderminster carpet maker Brintons says planned tariffs will hurt rivals while the private equity firm that bought the business in a secondary buyout has disclosed the sale price for the first time.

United Carpets Group, the flooring and beds retail chain, says profits could fall more than 60 percent in 2018–19 as it reconciles tough trading conditions with the need to spend more supporting franchisees.

Carpet equipment manufacturer Sellers Global Engineers has been placed into administration with insolvency practitioners planning to trade the business with a view to finding a going-concern buyer.



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