Soft furnishings & Accents
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Former Debenhams and New Look executive holds shares in direct-to-consumer bedding brand following spring 2022 transaction that uprates the company valuation.
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- RETAIL & DISTRIBUTION
Kingfisher, parent to U.K. home improvement chain B&Q, is to start a second £300 million share buyback programme inside a year as part of plans to return excess capital to shareholders.
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- SUPPLY & WHOLESALE
Rollie Attard, chief operating officer at fabrics supplier Panaz, is to become chief executive in place of his father and company founder Tony Attard, who will become chairman.
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- SUPPLY & WHOLESALE
Restructuring advisors offer bullish outlook for creditors of East Midlands supplier after co-owner's death prompted eventual closure last year.
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Furniture wholesaler Birlea has agreed a deal that will see it become the U.K. and Ireland distributor of Disney branded furniture and home accessory products.
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- SUPPLY & WHOLESALE
Strong demand indicates a tailwind for home-related spending remains, according to Colefax Group, owner of high-end soft furnishings brands and a prestige British sofa maker.
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- UPHOLSTERY
Furniture giant Natuzzi has turned to the office furniture sector for the leader of its newly-formed Furnishing and Accessories business unit, which it hopes will boost order values across its retail network.
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A U.K. bedding retailer chaired for most of the past decade by former Marks and Spencer CEO Sir Stuart Rose is on the cusp of being sold to U.S. furniture and bedding retail and wholesale group Malouf Companies.
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Global home furnishings company Designers Guild says a huge amount of re-engineering work has helped position it to emerge from the pandemic as a stronger and more robust business.
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The U.K.'s antitrust regulator has found that Där Lighting restricted retailers' freedom to set their own prices online between 2017–2019 and fined the company £1.5 million.
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- SUPPLY & WHOLESALE
Sales jumped by almost half for major rug distributor Flair Flooring last year to help counter the impact of rising costs and inflationary pressures.
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- FURNISHINGS & ACCENTS
Bedlinen and homewares company Bedeck has renewed a licensing agreement with soft furnishings supplier Sanderson Design Group for a further three years and widened it to include new markets.
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- RETAIL & DISTRIBUTION
Bedding and linen retailer Julian Charles is to become Julian Charles Home as part of a twin-fold strategy that will also see it take store numbers beyond 100 by next year.
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- DEALS & FINANCE
The Swedish investment group that acquired a majority stake in U.K. furniture supplier Julian Bowen last year has strengthened its home décor portfolio with the buyout of a compatriot lighting brand.
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- SUPPLY & WHOLESALE
British homewares and lifestyle brand Sophie Allport has appointed Richard Bell as its chief executive officer (CEO) with a brief to take the fast-growing business to the next level.
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Sales jumped by a third and profits climbed for Oldham domestic decorative lighting supplier Cascade in 2020/21 as it lapped a prior year-end impacted by the first lockdown.
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Joseph Joseph Group, the contemporary housewares designer and distributor, posted record sales and profits as customers pivoted online and towards home products last year.
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An online lighting retailer has ceased trading and filed for insolvency with consumers being warned that products they have bought may pose a serious risk of electric shock, fire or injury.
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- FURNISHINGS & ACCENTS
East Midlands textiles manufacturer and distributor VM Fabrics has been placed into administration and ceased trading following the death of its co-owner and md last year.
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- COMMUNITY
John Cotton Group has become a corporate member of The Furniture Makers' Company (TFMC), the dedicated furnishing industry charity and City of London livery company.
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- RETAIL & DISTRIBUTION
Prestige department store retailer Harrods is to launch the Morris & Co. Home Emporium, a new concept selling products across a range of goods including furniture and soft furnishings.
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- FURNISHINGS & ACCENTS
Textile manufacturer Ulster Weavers has revealed a first-ever home furnishings collection as the 140-year-old company repositions as a contemporary homeware brand targeting millenials.
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- FLOORCOVERINGS
A rug and mat supplier which has historically listed retailers including Dunelm and John Lewis among its stockist base landed a net margin north of 20 percent as it traded strongly through the first year of the pandemic.
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- UPHOLSTERY
Colefax Group, owner of multiple high-end furnishing fabric brands and prestige Devon sofa maker Kingcome, booked profits up by more than a third on higher sales in the six months to October 31.
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- RETAIL & DISTRIBUTION
IKEA's long-planned and delayed Hammersmith inner-city store will open next month, the retailer has confirmed, almost a year later than originally hoped.
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- EVENTS
Invite-only trade exhibition BFM Fabric Show London 2022 will take place at a new venue, the ILEC Conference Centre near Earls Court, when it returns this spring.
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- EVENTS
Organisers of Heimtextil, the international trade fair for the textiles industry held annually in Frankfurt, have rescheduled the cancelled event for the summer of this year.
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- LEGAL & RESTRUCTURING
The future of garden, outdoor leisure, lighting and home ecommerce brand True Shopping (trueshopping.co.uk) is uncertain after restructuring advisors were drafted in to run its operating company.
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- SUPPLY & WHOLESALE
Sales climbed by more than a fifth for London based rug distributor and wholesaler Asiatic Carpets last year as it benefited from higher home spend among consumers.
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- DEALS & FINANCE
3G Capital, a global investment firm and private partnership, is to acquire a controlling stake in Netherlands based furnishings conglomerate Hunter Douglas, owner of multiple U.K. companies including window dressings giant Hillarys.
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- SUPPLY & WHOLESALE
Homewares importer and distributor Sabichi saw profits jump 63 percent in the past year as it beat its revenue target by more than £4 million.
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National bedding and linen retailer Julian Charles says its online business has exploded after heavy investment in its digital proposition under its new owner.
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- SUPPLY & WHOLESALE
The Competition and Markets Authority (CMA), the U.K.'s antitrust watchdog, has has provisionally found that Dar Lighting has broken competition law by preventing retailers from offering discounts online.
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- UPHOLSTERY
North West upholstery and curtain fabrics wholesaler Fryett's widened gross margin in 2020/21 as it increased its market share in the supply of cut length products.
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- DEALS & FINANCE
Italian Design Brands (IDB), a private equity backed collective of high-end furniture and interiors companies that launched a U.K. arm this year, has acquired a minority stake in Axolight, an Italian lighting supplier.
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- FLOORCOVERINGS
Flooring supplier Victoria is to enter a new product segment after it agreed to buy the rugs division of Belgium's Balta Group. It will also acquire its U.K. polypropylene carpet and non-woven carpet businesses, plus the Balta brand.
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- FURNISHINGS & ACCENTS
Furnishings fabrics business Arley House has successfully defended a copyright infringement claim brought by a minority shareholder and fabric designer.
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- FURNISHINGS & ACCENTS
Suffolk headquartered window fabrics conglomerate Style Group has acquired a stake in 360º Marketing & Communications, a Spain-based marcomms agency.
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- SUPPLY & WHOLESALE
Trendsetter Home Furnishings, the business behind The Fine Bedding Company brand, said it made a welcome return to profit after it outperformed its budget by focusing on creating a more sustainable business.
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Sanderson Design Group (SDG) has appointed former John Lewis Partnership chief financial officer Patrick Lewis to its board as one of two new non-executive hires.
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Demand through 2021 has put luxury furnishing fabrics, wallpapers and accessories supplier Romo back on track to recover sales lost through the pandemic, the company said in just-filed accounts.
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- SUPPLY & WHOLESALE
A major restructuring plan initiated through the pandemic will leave the U.K. arm of designer lighting company Artemide leaner and in better shape to seize future market opportunities, the company has said.
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Interiors brand Morris & Co. will deepen ties with general merchandise fashion-to-furnishings retailer Next with an expanded licensing agreement, parent company Sanderson Design Group (SDG) announced Thursday morning.
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North West home textiles group Turner Bianca booked lower profits in 2020/21 as rising costs and narrower margins countered the impact of higher sales.
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Revenue climbed for soft furnishings supplier Ashley Wilde Group last year as its customer base ramped up activity in the aftermath of the first lockdown.
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Belfield Group's upholstery businesses were more impacted by lockdown periods last year as its just-divested mattress unit delivered higher revenue amid the backdrop of the pandemic.
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- SUPPLY & WHOLESALE
High end interior design and furnishings distributor Sanderson Design Group has appointed Mike Woodcock as its chief financial officer, replacing Michael Williamson who leaves next month.
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Wallcoverings and home accents supplier Graham & Brown enjoyed a big jump in profits as customers "rediscovered their homes" last year, investing in and re-inventing the environments they live in.
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Sanderson Design Group, the high-end interior design and furnishings manufacturer and distributor, is to launch a Morris & Co brand extension targeting international markets.
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Sleep Solutions, the company behind U.K. direct-to-consumer pillow specialist Kally Sleep, has acquired Woven Rugs, an online rug and homewares marketplace trading as Woven.
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Sanderson Design Group is to introduce a new direct-to-consumer (DTC) brand that will include a furniture element among its offer. It will have its own dedicated ecommerce website and sell additionally through Selfridges, the department store retailer.
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- SUPPLY & WHOLESALE
Sanderson Design Group will advertise on television for the first time ever with its Harlequin brand to use the medium for the consumer launch of its new Own the Room campaign.
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- SUPPLY & WHOLESALE
The group behind home and giftware wholesaler Lesser & Pavey increased profits in 2020/21 as it found top line growth amid a turbulent trading backdrop.
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Furniture, beds and home accents supplier Gallery Direct is to open a large distribution centre near Chesterfield early next year.
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- SUPPLY & WHOLESALE
Colefax Group, the listed furnishing fabrics, wallpaper and upholstery supplier, has announced a Tender Offer at an elevated price that could boost returns for both existing and residual shareholders.
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- SUPPLY & WHOLESALE
Furnishing fabrics, wallpaper and upholstery supplier Colefax Group doubled profits in 2019/20 despite the pandemic hitting markets worldwide.
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- RETAIL & DISTRIBUTION
Williams Sonoma, the U.S. owner of the West Elm and Pottery Barn retail banners, has agreed a licensing deal for the Morris & Co brand covering a broad range of products.
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- RETAIL & DISTRIBUTION
Julian Charles, the turnaround investor-backed soft furnishings chain, found cost savings to reach breakeven at the EBITDA line in the six months to April, and says it can improve further by next year.
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- RETAIL & DISTRIBUTION
A longstanding investigation by the U.K.'s competition watchdog is over after it reversed the sale of an ecommerce window dressings retailer to a home furnishings giant.
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- SUPPLY & WHOLESALE
Bedding and household textiles importer and distributor Rapport Home found big profit growth despite sales dropping by £3 million last year.
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- SUPPLY & WHOLESALE
Reacting to online demand and the acquisition of an ecommerce marketplace retailer boosted sales at the West Yorkshire company behind the Melrose Interiors brand last year.
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The pandemic and the collapse of home furnishings retailer Laura Ashley came ahead of a prominent window dressing supplier completing an insolvent restructure earlier this year, leaving creditors facing a shortfall.
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A new online marketplace targeting interior designers with samples of fabrics, flooring, wallcoverings and other interior materials is gaining traction, with more 40 brands now signed up.
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The luxury interior design and furnishings group behind the Morris & Co brand has cited post-Brexit demand for British-made goods among three positive sales drivers this year.
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One of the U.K.'s largest decorative lighting suppliers took a large six-figure bad debt charge following Laura Ashley's closure last year, while the pandemic exacerbated the impact on profits.
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North West home furnishings supplier Cleland McIver grew profits despite lower output last year and says it is proposing steps to strengthen cashflow amid supply chain disruption.
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Cost savings and state support helped mitigate a double-digit fall in revenue for Sanderson Design Group in the year to January 31, 2021.
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High-end furnishings group Sanderson Design Group hopes to expand distribution of its Morris & Co. brand across east and southeast Asia after penning a new exclusive licensing agreement.
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Blankets-to-bedlinen retailer Online Home Shop (OHS) will move into new purpose-built premises in Manchester next year, creating dozens of new jobs.
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- SUPPLY & WHOLESALE
International interior furnishings supplier Sanderson Design Group has relaunched websites for all its individual brands along with refreshing its corporate presence online.
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The new owner of the Laura Ashley brand and other intellectual property has agreed a manufacturing and product development partnership with Graham & Brown, the wallpaper and paints manufacturer.
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Colefax Group, the fabrics and wallpaper company with a big international business, says sales have been more resilient despite the imposition of new restrictions across the U.K. and export markets.
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- SUPPLY & WHOLESALE
Profits at Sanderson Design Group, the luxury interiors manufacturer and wholesaler formerly known as Walker Greenbank, will rise after the company outperformed expectations.
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The diversified furniture, mattress and home accents distribution group Gallery Direct built out revenue in 2019 including a 50 percent rise in U.K. sales. Profits fell on higher costs.
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A management reorganisation helped speed up decision-making and boost profitability at household textiles giant Turner Bianca in 2019–20.
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Home and gift wholesaler Ancient Wisdom has agreed a ten-year lease on a recently refurbished distribution centre in Yorkshire.
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- FLOORCOVERINGS
Earnings grew on higher sales last year for the Yorkshire rugs and soft furnishings manufacturer behind the Howler & Scratch and Rug Guru brands.
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U.K. competition watchdog opens investigation into lighting company, but says no view has yet been taken on how or whether to progress.
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Executives behind the Jane Clayton home furnishings business are to launch a dedicated ecommerce store for the youthful mid-market Scion brand after striking a deal with the brand-owner Walker Greenbank.
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- DEALS & FINANCE
NorthEdge Capital has strengthened its ties to the home furnishings sector after backing a management buyout (MBO) at an expanding decorative lighting business.
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- SUPPLY & WHOLESALE
Interior furnishings group Walker Greenbank has signed a licensing agreement with general retailer Next that will see new apparel, homeware and accents lines launched across three of its brands.
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- SUPPLY & WHOLESALE
Walker Greenbank, the interior furnishings manufacturer and distributor, will simplify its structure by rebranding as Sanderson Design Group later this year in a move it says better reflects its activities.
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The Belfield Group, owner of Westbridge Furniture, Tetrad and one of the U.K.'s largest mattress factories, booked higher consolidated profits in 2019 despite a fall in group-wide revenue.
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- RETAIL & DISTRIBUTION
The private equity house that acquired the national soft furnishings business Julian Charles earlier this year is on the hunt for more takeovers, with a specific eye on the U.K. furniture sector.
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- UPHOLSTERY
Sofa.com has deepened its ties with its sister company after adding fabrics from a key House of Fraser in-house brand. It has also introduced lighting to its offer for the first time.
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- FURNISHINGS & ACCENTS
Italian furniture group Calligaris has for the first time disclosed the detail behind its late autumn 2019 buyout of high-end lighting company Luceplan.
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Furnishings conglomerate Hunter Douglas has been told to divest at least 51 percent of its shares in window dressings etailer 247Blinds after a ruling by the U.K. competition watchdog.
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- RETAIL & DISTRIBUTION
The one-time owner of the now defunct Walmsley's furniture chain and ex-IKEA sofa maker Olympia has returned to the interiors sector after acquiring the retail division of a £30 million soft furnishings group.
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- RETAIL & DISTRIBUTION
Poundland stores nationwide will carry a programme of inexpensive home and décor items with the rollout of Pep&Co Home concessions across its U.K. store network.
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- SUPPLY & WHOLESALE
Interim earnings fell 15 percent at soft furnishings company Walker Greenbank after it incurred restructuring costs following a site closure.
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- FURNISHINGS & ACCENTS
Window dressings manufacturer Ena Shaw has introduced its first-ever collection of Montgomery branded ready made velvet curtains, designed and manufactured solely in the U.K.
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- SUPPLY & WHOLESALE
One of the U.K.'s biggest rug and floormat suppliers said the downsizing of home improvement chain Homebase had a negative impact on sales last year.
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- SUPPLY & WHOLESALE
Melrose Interiors, one of the country's largest independent rug suppliers, closed out a seven-figure property sale this summer after earlier completing a "landmark relocation."
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Fast-expanding lighting supplier Astro posted another top line sales record in 2018–19 but cautioned that growth was harder to come by, especially in the U.K.
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- BEDS & MATTRESSES
Heritage bedding and soft furnishings supplier Bedeck returned to profit in 2017–18 after it recorded lower operating charges and an increase in revenue.
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- SUPPLY & WHOLESALE
Revenue jumped by more than a fifth for North West soft furnishings supplier Cleland McIver in 2017–18 as the privately-owned company built on its investment in new warehousing.
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- BEDS & MATTRESSES
R.A. Irwin & Company, which produces mattress ticking and window blind fabrics, recorded a bigger loss in 2017–18 but maintained sales and boosted cash.
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- FURNISHINGS & ACCENTS
High-end fabrics company Walker Greenbank has made a distribution agreement with Kravet to replace Robert Allen Duralee as the U.S. distributor of its Clarke & Clarke and Studio G brands.
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- FURNISHINGS & ACCENTS
The privately-owned Preston design and manufacturing group behind the iLiv and SMD interior textiles brands built a bigger export business in 2017–18.
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- SUPPLY & WHOLESALE
Parlane is among the U.K.'s largest home accents and décor wholesalers.
Parlane International, the home accents company acquired by designer, manufacturer and distributor Gallery Direct earlier this year, is to clear £2 million of stock ahead of a warehouse move.
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Diversified distributor Supreme Imports has acquired lighting retailer LED Hut in an insolvent buyout brokered by administrators at KPMG. The deal safeguards 30 jobs.
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