An unspecified number of workers at West Yorkshire carpet manufacturer Westex were due to go on strike yesterday (Nov. 20) in a dispute over pay according to Unite, the trade union.

An India and U.S. based rug maker that supplies companies including Restoration Hardware (RH), Anthropologie and Soho House is launching into the U.K. market for the first time.

The prospective new owner of Carpetright has been given the backing of the flooring retailer's board and says the chain can thrive "without the constraints of a public market listing."

Imports of carpets into Britain jumped double-digit in September after a return to form for manufacturers in Belgium, the U.K.'s largest trading partner in the category.

Network sales across the 22-store Carpets4Less franchise — which operates 22 stores across England — held firm for the second straight year in 2018–19.

Belgian carpet maker Balta Group sold more in the third quarter after improved sales in its commercial business and as a result of some of its British customers making preparations for Brexit.

The Danish company that bought a key supplier to the U.K. carpet industry has been given a week to offer solutions to competition concerns else antitrust regulators will step up their inquiry into the deal and could force its reversal.

Matt Williams, CEO at smooth flooring and wallcoverings retailer Topps Tiles, has decided to resign and will leave the board at the end of the month. Current chief financial officer Rob Parker, also a Topps veteran, is his replacement.

Flooring market leader Carpetright could be taken private after it began discussions with Meditor European Master Fund, a lender and shareholder in the retailer, regarding a possible takeover with a debt-for-equity swap to transform its capital structure.

Tony Judge was previously chief operating officer at Headlam and worked with the West Midlands group for more than a quarter of a century.

Mohawk Industries, the world's largest flooring company with businesses operating across the world, recorded lower profits in the third quarter.

Headlam Group, Europe's largest floorcoverings wholesaler, has acquired the trade and assets of Edel Telenzo Carpets, the U.K. distribution company for Dutch carpet maker Edel Carpets.

The growth of carpet imports into the U.K. has slowed after trade declined at the height of summer, new HMRC data shows.

tapiCarpetsFW1
Tapi is now trading from nearly 130 stores.
Tapi Carpets & Floors, the expanding flooring chain run primarily by former Carpetright executives, posted a bigger loss in 2018 after costs increased and gross margin narrowed.

Biggest shareholder in Tapi now owns nearly a quarter of the company while others, such as DFS founder Lord Kirkham, have seen their stake diluted.

Brintons, the private equity backed Worcestershire carpet maker, is to scale down its yarn-spinning operation ahead of the facility's planned closure next spring.

ScS has refitted flooring departments across its estate as the sofas and carpets specialist looks to reverse sliding sales in the category amid intense competition from warring rivals.

Rising sales of domestic floorcoverings helped one of the sector's largest privately-owned wholesalers return to the black in 2018.

karndeanWorcGgl
Karndean's Vale Park, Evesham showroom and headquarters.
Luxury vinyl tile floorcoverings supplier Karndean booked high, but narrower margins in 2018, a year when revenue continued to climb thanks to export orders.

Privately-owned carpet maker and distributor Cavalier Carpets continued to book high six-figure profits in 2018 after a slight uptick in output.

amticoFW2019
Luxury vinyl tile (LVT) is one of the industry's big growth markets.
The U.K. was a big growth market as luxury vinyl tile giant Amtico bolstered sales and underlying profits in the year to December 31, 2018.

Heritage carpet maker Axminster Carpets will streamline operations at its Devon factory after announcing voluntary redundancies.

Antitrust regulators are examining the completed takeover of a £47 million carpet yarn spinner earlier this year to see if it contravenes U.K. competition rules.

Imports of carpets into the U.K. rose in July on the back of advancing trade between British buyers and markets such as China, Turkey and India.

tapiCarpetsFW1
Tapi has well over 100 stores across the U.K.
Tapi Carpets and Floors, the circa 130-store retail chain built by a former executive of market leader Carpetright and backed by high-profile retail titans, has raised more funding from shareholders.

Associated Weavers, the Belgian carpet manufacturing giant, said it allocated significant funds to its entry into the luxury vinyl tile (LVT) sector in the U.K. market this year.

The largest U.K. distribution arm of Mohawk Industries, the world's biggest floorcoverings company, booked higher profits after sales growth outgunned the impact of narrower margins.

designerContractslongService
Angie Cresswell has spent 20 years with Designer Contracts. She is pictured above receiving an engraved iPad Pro with md Peter Kelsey.
Designer Contracts, the 15-depot national floorcoverings contractor, has marked the long service of dozens of employees with special recognition awards.

Half-year sales advanced for Headlam Group but interim profits were broadly flat after the floorcoverings giant, the biggest company of its type in Europe, faced up to cost headwinds.

Croydon 01
Carpetright is the U.K.'s biggest floorcoverings retailer.
Carpetright shareholder Meditor Capital Management has agreed to acquire the retailer's revolving credit facility (RCF) direct from its current lending banks, NatWest and AIB.

Ulster Carpets and Mourne Textiles have formed a joint venture called Mourne Weavers that will produce and supply furnishing fabrics to the hospitality industry.

Revenue and profit growth returned for Westex last year, as the West Yorkshire carpet maker — part of the flooring conglomerate Victoria for nearly six years — delivered a best-in-class performance.

June saw the weakest trade data in the year so far for the carpet industry as imports fell 6.3 percent on the same month a year ago. They remain ahead on a six-month basis.

A lack of confidence in the marketplace led to sales below expectations for one of the country's largest hardwood floorcoverings suppliers last year, but it said competitors were also struggling.

Distributor and manufacturer Victoria has bolstered its roster of ceramic floorcoverings businesses with the acquisition of Spanish tile company Ibero in a deal worth up to an estimated £14 million.

The privately-owned company that owns regional carpets, floorcoverings and beds retailer Wilsons has posted double-digit sales growth for at least the fifth straight year.

Higher costs and impairment charges meant flooring and beds retailer United Carpets Group booked lower profits in 2018–19, despite recording higher revenue.

Designer Contracts, the multi-depot national floorcoverings supplier, has promoted five executives across the business including naming Lee Hassett as divisional director.

Acquisitive floorcoverings manufacturer and distributor Victoria successfully placed £330 million of senior secured notes with bond investors Friday, revealing the pricing for the first time.

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.



To read the full story: