Polyflor owner invests as 'robust' UK market bucks wider sales trend

Victoria executive chairman Geoff Wilding has delivered a bullish message to stockholders in results that highlight the cost and transformative impact of some of its biggest acquisitions to date.

Falling Belgian imports were behind the drop
Imports of carpets declined in May on the back of weaker figures from Belgium, Britain's biggest source of foreign-made carpets.

Carpet production fell to its lowest level since 2013
Britain's flooring market expanded in 2017 as rising vinyl sales made up for a decline in the value of UK carpet production, which fell to its lowest level in five years.

Beaulieu International Group (B.I.G.) has acquired privately-owned flooring companies in Canada and Australia in deals that boost total revenue beyond €2 billion.

Rising yarn prices hit Cormar Carpets' profits
Cormar Carpets reversed a rare sales fall to return to top line growth in 2016–17. Profits declined because of rising costs.

Writedowns and restructuring impacted Carpetright's 2017–18 results
Carpetright has posted an eight-figure net loss as it wrote down the value of assets and wrestled with restructuring challenges.

The founder of a property development company has acquired the 20-store retailer Flooring Republic and plans to build it into a national chain.

Carpet imports to Britain declined at the beginning of the second quarter because of a sharp fall in the quantity trucked in from the UK's number one trading partner.

Victoria, the diversified floorcoverings manufacturer and distributor, says spring trading has been robust, with the group making sales gains compared with last year.

Turnaround specialist Dave Knight has left his post as md at Axminster Carpets, the heritage Devon manufacturer.

Turnaround plans at Carpetright have progressed with the flooring market leader saying shareholders are supporting its fundraising proposal.

Britain's advertising watchdog has told a North East carpet retailer to change its advertising after ruling one if its adverts could encourage excessive alcohol consumption.

Headlam, Europe's largest floorcoverings distributor, has pinned falling underlying sales at its UK business on flaccid demand from its largest customer, and the weather.

Floorcoverings supplier James Halstead says it will not bid for smaller rival Airea after all. It ends a period of speculation that it may acquire the Burmatex brand owner.

Flooring and wallcoverings retailer Topps Tiles says it wants to continue building out its store footprint, and has identified up to 25 "priority new store opportunities."

Shirley Jackson, operations director at North West manufacturer Penthouse Carpets, has been promoted to managing director.

"We are delighted to have received such strong support," said CEO Wilf Walsh
Carpetright's turnaround plans gather pace today with the chain launching its fully underwritten share issue that will net the retailer £60 million, half of which will be invested in stores and online.

Carpet maker and distributor Furlong Flooring more than doubled profits last year as it found cost savings and expanded margins. Turnover declined.

Ball & Young, which supplies underlay used in the installation of new floorcoverings, said it absorbed the rising cost of raw materials last year.

Belgian carpet imports into the UK are off double-digit so far this year but the overall total remains flat, after others made up the shortfall.

Carpetright, the UK's largest floorcoverings retailer, has agreed a new £15 million loan from Meditor Capital Management, its largest shareholder.

Mohawk operates dozens of brands worldwide, including Quick-Step
Sales outside North America jumped 18 percent for Mohawk Industries, the world's biggest floorcoverings supplier, in the first quarter of 2018.

The company behind the Flooring Republic brand has been placed into administration with the office holders saying they await information regarding the chain's 20-store network and business.

Shareholders have joined creditors in backing Carpetright's CVA plan
Carpetright, the embattled floorcoverings market leader, says its performance has worsened as a result of the tough market and publicity surrounding its store closure plan.

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Creditors have backed Carpetright's CVA proposal
Carpetright has convinced landlords to back its Company Voluntary Arrangement (CVA) proposal, the first step on its turnaround path.

Carpetright's biggest shareholder has near doubled its position in the flooring chain ahead of its CVA vote later this week.

The Netherlands and Turkey sent more carpets to Britain as February imports gained on the same month last year according to new HMRC data.

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Landlords will be asked to back CVA plan later this month
Carpetright will ask creditors to back a CVA that would see it this autumn close 81 stores, on top of 11 that have already ceased trading, and cut rents on a further 113.

Floorcoverings supplier James Halstead says it is considering acquiring Airea, the owner of the Burmatex contract flooring business.

One of the launch directors of fast-growing flooring retailer Tapi Carpets has left the business to pursue a new challenge.

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Carpetright's Purley Way, Croydon store, one of the first to be refurbished under current management
The shareholder and lender that agreed to loan Carpetright £12.5 million over the next six months now owns one sixth of the company.

Flooring market leader Carpetright has agreed a short-term loan with one of its shareholders ahead of a plan to raise new capital and cut store numbers via a CVA.

Ryalux has been trading since 1970. It will close at the end of April
Ryalux, the manufacturer known for being able to produce carpets in any width and any colour, is to close.

Tough market and rising costs conspire against Lancashire carpet manufacturer

Carpet imports increased for the third straight month in January
Flooring importers upped carpet inventory in January in a sign UK producers may be suffering more than overseas suppliers.

The company behind the Flooring Superstore brand built out sales and profits in 2016–17 ahead of it upping its multichannel presence.

Like-for-like sales in the UK fell 6.7 percent in January, Headlam said
UK like-for-like sales have fallen in January and February according to Headlam, Britain's largest floorcoverings supplier to the retail trade.

Headlam, the UK's largest flooring wholesaler to the retail trade, has agreed to buy Dutch distributor Dersimo in a move that expands its presence in mainland Europe.

Three-store retailer transferred outside of flooring supply group.