Manufacturing News
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- UPHOLSTERY
Upholstery retail and wholesale brand The Lounge Co has opened a second standalone showroom in London as it looks to boost its business in the capital.
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- TRADE & INDUSTRY
Colour Marketing Services (CMS), which supplies a diversified range of sampling services and products to the furniture, flooring and interiors sectors, has appointed Caroline Adams as sales and marketing director. It has also moved into larger manufacturing premises.
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- TRADE & INDUSTRY
Furniture and furnishings test house FIRA International has rescheduled its planned winter Open Day events to the spring, citing visitor and staff wellbeing.
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- RETAIL & DISTRIBUTION
Consumer price inflation for furniture reached record levels for the fourth straight month in December according to figures released Wednesday morning by the Office for National Statistics (ONS).
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- UPHOLSTERY
Upholstered furniture giant Man Wah Holdings has made its second major land acquisition announcement inside a week, this time for a vast plot of land in Mexico on which it plans to build more factories.
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- UPHOLSTERY
U.K. retailers and wholesalers imported more upholstered furniture into the country in November than in any other single month in history, new official data shows.
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- UPHOLSTERY
Italian upholstered furniture conglomerate Natuzzi has appointed Giuseppe Cacciapaglia as replacement for Vittorio Notarpietro pending a search for a new permanent chief financial officer.
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- UPHOLSTERY
Man Wah Holdings, the Hong Kong listed upholstery producer, is to build a new factory in Wuhan, China that will becomes its manufacturing base in the centre of the country.
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- SUPPLY & WHOLESALE
U.K. furniture manufacturers' combined turnover climbed for the ninth month straight in November, new figures released Friday morning show.
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- FLOORCOVERINGS
A corporate reorganisation encompassing Karndean's global interests has revealed the floorcoverings supplier to be far larger than previous disclosures had indicated, and value the group north of £400 million.
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- TRADE & INDUSTRY
The chairman of the Furniture Industry Research Association says the not-for-profit organisation expanded its membership base last year, giving the trade a bigger voice in shaping its own destiny.
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- BEDS & MATTRESSES
Strong post-lockdown demand and unwinding its large order backlog last year put Tempur U.K. on track to recover sales lost to the early months of the pandemic.
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- CASE GOODS
The chairman of Ercol Furniture, which on Wednesday night featured on the BBC's Inside The Factory programme, says the manufacturer has recovered all the sales lost to the early period of the pandemic and continued to find bottom line gains.
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- UPHOLSTERY
Hydeline Furniture, the Buckinghamshire upholstery producer and distributor, has appointed Jonathan Burrage as its new managing director, succeeding Harvey Roberts in the role.
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- UPHOLSTERY
Paul Myerscough has been promoted to managing director at North Wales upholstery manufacturer Westbridge Furniture, a major supplier to national, DTC and independent retailers.
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- BEDS & MATTRESSES
Kent bed maker Sleepeezee has taken centre state in a mini-documentary as part of a new TV campaign from the joint Natwest and ITV Backing Business Initiative.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) is calling on bed manufacturers and retailers to support its annual National Bed Month awareness campaign, and is providing a range of multi-media tools to enable them to do so.
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- BEDS & MATTRESSES
Legislators have criticised a leading accountancy body after it confirmed the £13 million fine handed to KPMG for its conduct in the sale of Silentnight a decade ago will not be used to compensate pensioners impacted by its insolvent restructure.
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- TRADE & INDUSTRY
Furniture, flooring and furnishings insolvencies jumped both sequentially and on an annual basis in the final quarter as state support measures such as the furlough scheme were brought to an end.
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- UPHOLSTERY
West Midlands upholstery manufacturer ACL 2002 built on a return to profit last year but says it is facing intense cost pressures and labour shortages because of Covid-19.
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- BEDS & MATTRESSES
Liquidators finalising the affairs of a mattress company that filed for bankruptcy late 2020 owing millions to creditors say a number of matters warrant further investigation.
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- UPHOLSTERY
Rise-and-recline upholstery producer Celebrity Motion Furniture says it is optimistic it will clear the remainder of its CVA debt in the next year, saying the business has continued to prosper since its restructure.
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- DEALS & FINANCE
Recticel shareholders have green-lighted the disposal of the company's mattress division to Aquinos, the Portuguese upholstery and bedding manufacturing conglomerate.
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- FLOORCOVERINGS
Kidderminster carpet maker Brockway swung back to profit as lower costs outweighed the impact of a decline in turnover ahead of a new managing director joining in the autumn.
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- UPHOLSTERY
Natuzzi has announced the resignation of chief financial officer Vittorio Notarpietro after 20 years service with the Italian upholstery maker and retailer across two separate spells.
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- BEDS & MATTRESSES
Yorkshire mattress maker Highgrove Beds said the global increase in raw material costs eroded gross margin last year but it still posted class-leading profits and further built its cash pile.
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- UPHOLSTERY
Southern Italian upholstery manufacturer Incanto group will next month reintroduce its upmarket Incanto Italia brand to the U.K. and Irish markets after a multi-year absence.
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- BEDS & MATTRESSES
The CEO of Tempur Sealy International's longtime Sealy Australia, Asia-Pacific and now U.K. joint venture partner is one of two new senior independent board members at the world's biggest bedding company.
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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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- SUPPLY & WHOLESALE
Moffett and Sons, the company behind the diversified upholstery, bed and cabinet manufacturer and wholesaler Balmoral Furniture, says it is on target to return to growth in 2021/22 after seeing sales and profits fall in the past year.
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- TRADE & INDUSTRY
SATRA, the research and testing organisation, has appointed Tristine Hargreaves to lead its furniture and flooring section as divisional manager. It also announced a new tie-up to provide services to the National Bed Federation (NBF).
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- BEDS & MATTRESSES
Wolf Components, the South Yorkshire pocket spring maker started three years ago by two former Leggett & Platt executives, almost doubled sales in the past year and says it is on target to deliver again in 2021/22.
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- MANUFACTURING
A lack of skilled workers has forced furniture production wages higher, according to the British Furniture Manufacturers (BFM), the industry trade association.
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- UPHOLSTERY
Upholstery and beds company HSL has strengthened its retail presence in the North West of England, with a new unit opening Thursday to the north of Manchester.
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- MANUFACTURING
Foam and industrials group Greiner is for now pressing ahead with plans to acquire what will remain of Recticel even though the Belgian company has agreed deals to dispose of two sizeable chunks of its business.
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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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- SUPPLY & WHOLESALE
The combined profits of nine of the world's largest shipping lines have increased eleven-fold in 2021 so far as demand and prices for ocean freight have surged as the pandemic has progressed.
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- DEALS & FINANCE
Furniture company Fritz Hansen has acquired Skagerak Denmark in a deal that takes the design group into the outdoor furniture market for the first time.
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- MANUFACTURING
The price of raw materials and inputs used in the production of furniture rose to another record level in November according to new figures from the Office for National Statistics (ONS).
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- SUPPLY & WHOLESALE
The effect of enforced factory shutdowns across Vietnam finally outweighed high U.K. demand for its goods in October as the value of wood furniture imports fell for the first time this year.
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- BEDS & MATTRESSES
Foam and sprung mattress imports fell for the fourth straight month on an annual basis at the start of the final quarter of 2021, according to HM Revenue & Customs figures.
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- BEDS & MATTRESSES
Tempur Sealy International, the world's largest bedding company, has increased the authorisation under its share repurchase programme to a total of $1.5 billion (£1.14bn), it announced Monday.
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- FLOORCOVERINGS
Carpet imports fell sharply in October as the final quarter started with weaker data from Belgium, the Netherlands and Turkey.
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- BEDS & MATTRESSES
Buckinghamshire bed maker Hypnos says a three-month programme of recruitment and factory investments has helped boost mattress capacity by 50 percent as it looks to satisfy retailer demand for its goods.
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- UPHOLSTERY
Halo Creative & Design, parent to premium pitched furniture brand Timothy Oulton, has acquired a country house hotel comprising a 17th century manor after securing new finance worth tens of millions of pounds.
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- SUPPLY & WHOLESALE
British furniture manufacturers' combined turnover rose on an annual basis for an eleventh month straight in October, but fell against pre-Covid levels.
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- RETAIL & DISTRIBUTION
Profits and cash climbed for the group behind adjustable beds and riser recline chair brand Willowbrook in 2020/21 ahead of its disposal to a venture capital and private equity group.
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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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- SUPPLY & WHOLESALE
Recticel has entered into a binding agreement to sell its Engineered Foam unit to Carpenter Company after shareholders yesterday backed the disposal of the division for €656 million.
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- CASE GOODS
Ready-assembled bedroom and living room furniture maker Welcome enjoyed a third straight year of double-digit sales growth in the year to March 31. Profits also increased sharply.
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The company behind entry-level sofa maker Wyvern Furniture leaves creditors with little prospect of a return after it was placed into administration and ceased trading earlier this autumn.
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Premium fitted kitchen, bedroom and freestanding furniture manufacturer and retailer John Lewis of Hungerford says the lease of a new property will boost production capacity.
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- TRADE & INDUSTRY
Nick Garratt, the outgoing managing director of the British Furniture Manufacturers (BFM), says the association is primed to expand and that his successor can build on the achievements of the past three years.
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Emerging upholstery company Swyft Home has secured a seven-figure supply chain finance deal designed to support business-to-business growth with third-party retailers.
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Bed components company Spinks has appointed Emma Davidson as commercial director. Her duties include overseeing a just-launched distribution centre facility that will free up additional manufacturing capacity.
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- UPHOLSTERY
Upholstery giant Man Wah is to acquire a 55 percent stake in a Far East sofa maker that was once one of the largest in the region supplying U.K. furniture retailers.
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- BEDS & MATTRESSES
Optimism is building among U.K. bed manufacturers as future sentiment regarding demand outweighs concerns over input costs and the availability of labour.
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- BEDS & MATTRESSES
Profits dropped by a third for West Yorkshire mattress manufacturer Dura Beds in 2019/20 on lower sales and rising costs.
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- BEDS & MATTRESSES
Airsprung Group was cash generative and boosted profitability in 2020/21 on the successful execution of a limited restructuring programme designed to "better align the needs of the business to the new reality."
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- COMMUNITY
Designer Contracts, the national flooring supplier to the house-builder market, is to sponsor the services of Childline for a day next month. It is the fifth time it has done so.
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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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Italian upholstery giant Natuzzi said it continued to enjoy strong demand in the third quarter but supply challenges presented cost and operational headwinds. Strategic outsourcing is one of three strands to address those.
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Britain's Buoyant Upholstery has been voted one of 11 pan-European winners of a Forest Stewardship Council (FSC) 2021 Furniture Award, which celebrates the producers of sustainable furniture.
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- BEDS & MATTRESSES
Mattress, components and bed fillings group Harrison Spinks says it is looking to hire 40 new workers in response to high demand for its products.
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- COMMUNITY
Bespoke kitchens and cabinetry manufacturer Parlour Farm has been awarded the Manufacturing Guild Mark from The Furniture Makers’ Company, the City of London livery company and furnishing industry charity.
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Retail giant Next continued to build headcount at its upholstery manufacturing unit in the past year, but output was lower on factory shutdowns. A write-down of assets hit profitability.
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Natuzzi Editions will open its largest U.K. store to date when it heads to Bristol next month. It is one of three imminent new showrooms for the Italian upholstery brand, including a first in Dublin, Ireland.
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A Staffordshire cabinet furniture manufacturer that sells custom-fit wardrobes and home office furniture ordered online is expanding into additional premises after rapid growth.
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- RETAIL & DISTRIBUTION
The new owners of bedroom and home office furniture retailer Sharps have installed a new chairman at the business following its buyout earlier this year.
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- FLOORCOVERINGS
Acquisitive U.K. flooring company Victoria has confirmed it is in discussions with Balta regarding the buyout of an unspecified constituent part of the Belgian flooring conglomerate.
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- BEDS & MATTRESSES
Tempur has launched a sofabed, a first for the high end bedding brand best known for its memory foam mattresses and pillows.
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- SUPPLY & WHOLESALE
Recticel has cranked up the pressure on shareholders to back the sale of its engineered foams business to Carpenter Co, saying the plan has the backing of independent advisory firms.
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- BEDS & MATTRESSES
A €370 million turnover upholstery and bed manufacturing group has agreed to buy Recticel's Bedding division, which makes finished mattresses and bed frames primarily sold into mainland European markets.
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- CASE GOODS
September saw another vast quantity of Vietnamese furniture land at U.K. ports, likely reflecting large orders placed ahead of Covid-related late summer factory shutdowns in the Far East nation.
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- BEDS & MATTRESSES
The value of foam and sprung mattress imports into the U.K. fell on a year-on-year basis for the third month in a row according to new HM Revenue & Customs figures.
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- UPHOLSTERY
Sofa import growth weakened in September but still grew on an annual basis for an eighth consecutive month on the back of increases from the U.K.'s two largest trading partners.
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Delivered sales continued to climb at the same rate in the third quarter as they did in the second in the U.K. and Ireland for Ekornes, owner of upholstery brands Stressless and IMG.
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- FLOORCOVERINGS
Imports of carpets and rugs into the U.K. declined year-on-year in September, ending a six-month run of annual gains.
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The upholstery group behind the Alstons, Ashley Manor, AMX Design and Alexander & James brands continued to make top line gains in the three months to end September, but the inflationary cost environment hit profits.
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- TRADE & INDUSTRY
How furniture companies are adapting their sales approach to meet the needs of customers following the pandemic is the theme of the latest webinar in the building back better series organised by The Furniture Makers’ Company.
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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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- FLOORCOVERINGS
The owner of Quick-Step, the popular floorcoverings brand, will start recycling high density fibreboard (HDF) used in its laminate flooring after a breakthrough in the sustainability process.
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- BEDS & MATTRESSES
National retailer Bensons for Beds has opened a distribution hub in the North East that will provide home delivery to customers across large parts of the North of England.
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The group behind the Parker Knoll, G Plan, Duresta, Collins and Hayes and The Lounge Co upholstery brands is opening a new factory in Worcestershire as it looks to build capacity and future proof its requirements.
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- BEDS & MATTRESSES
A West Midlands mattress and bed manufacturing company has been placed into liquidation leaving high six-figure debts but none to the supply chain.
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Profits at Man Wah Holdings, the recliner and upholstery giant with factories across the Far East and Eastern Europe, climbed almost a third in the six months to end September as sales jumped to record highs.
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- TRADE & INDUSTRY
FIRA International, which delivers testing, inspection, certification and training to the furniture industry along with being the service provider to the Furniture Industry Research Association, has moved to new premises in Stevenage, Hertfordshire.
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- BEDS & MATTRESSES
Harrison Spinks, the Leeds bed manufacturer and mattress components and fillings supplier, is partnering a building materials provider to use a by-product of one of its mattress fillings in construction and refurbishment projects.
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- SUPPLY & WHOLESALE
The value of furniture made in U.K. factories in September was over £27 million higher than any other month in history according to data released Thursday by the Office for National Statistics (ONS).
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- UPHOLSTERY
Upholstery producers are reporting further input price pressures for foam after converters and other suppliers of semi-finished products were hit with increases on polyurethane block supplies.
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Preston sofa cover and reupholstery company Plumbs has introduced a new ecommerce brand offering finished removable cover sofas, armchairs and accessories.
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- FLOORCOVERINGS
Flooring supply group Victoria is adding further ceramic tile capacity with the acquisition of B3 Ceramics Danismanlik, a Turkey based manufacturer and exporter trading as Graniser.
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- RETAIL & DISTRIBUTION
John Lewis of Hungerford, the premium kitchen and bedroom furniture company, returned revenue close to pre-Covid levels in the year to June 30 as it reversed a 2019/20 deficit.
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- TRADE & INDUSTRY
The year-on-year number of U.K. home furnishings companies that appointed insolvency practitioners was flat in the third quarter of 2021, though the figure crept higher on a sequential basis.
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- SUPPLY & WHOLESALE
A simple majority is all that is required for shareholders to approve the sale of Recticel's Engineered Foam unit to U.S. giant Carpenter.
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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
There is less than a month to go until Recticel shareholders will get to vote on whether to sell the group's Engineered Foams business, which includes its comfort foam operations, to Carpenter, the U.S. conglomerate.
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- FLOORCOVERINGS
Flooring supplier Designer Contracts and underlay and fibre technology brand Texfelt were named winners of the Partners in Sustainability Awards at a black-tie event in London last week.
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- BEDS & MATTRESSES
Global bed spring and components group Leggett & Platt said raw material-related selling prices increases meant revenue rose in the third quarter despite lower sales volumes.
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- SUPPLY & WHOLESALE
The price of key ingredients used in the flexible foam recipe have fallen in recent weeks, fuelling hopes among sofa and mattress makers that they may see their own costs ease as a consequence.
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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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- SUPPLY & WHOLESALE
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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- BEDS & MATTRESSES
Mike Logue will step down as chief executive of Dreams at the end of the year, handing over the business to successor Jonathan Hirst in a very different state to the one that he inherited.
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- SUPPLY & WHOLESALE
Foam and fibre conversion business Breasley, a key supplier to U.K. furniture makers, has been formally renamed as Peak Converters to better reflect its 36-year manufacturing history.
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- FLOORCOVERINGS
Mohawk Industries, the world's largest flooring company, was bullish on demand in a third quarter trading update, but bearish on supply chain constraints that are pushing out lead times and creating input cost pressures.
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- RETAIL & DISTRIBUTION
Howden Joinery Group, the U.K.'s largest kitchen supplier, said it expects 2021 profits to be about £360 million after it continued to outperform on market tailwinds and a well managed supply chain.
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- RETAIL & DISTRIBUTION
The Swedish conglomerate behind U.K. kitchen chain Magnet saw third quarter revenue fall here on labour market issues and slow recovery in certain sectors.
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- SUPPLY & WHOLESALE
Foam company Recticel has again advised shareholders not to sell their shares under the offer from Austrian rival Greiner as management look to enact their own plan to divest parts of the group elsewhere.
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- UPHOLSTERY
Buoyant Upholstery has becomes the first company in the furniture sector to join the Slave-Free Alliance, the social enterprise launched by global anti-slavery charity Hope for Justice with the aim of preventing worker exploitation in global supply chains.
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- FLOORCOVERINGS
Passing input cost inflation through the supply chain to retailers, distributors and end users helped diversified flooring conglomerate Balta find growth in the three months to September 30.
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- RETAIL & DISTRIBUTION
U.K. bed specialist Dreams has outperformed internal expectations in the past quarter according to Tempur Sealy International, the world's biggest bedding company and the new owner of the business.
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- BEDS & MATTRESSES
Harrison Spinks products are now available through ecommerce retailer Mattress Online, with the bed maker citing the two companies' aligned approach to innovation and sustainability.
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- TRADE & INDUSTRY
The British Furniture Manufacturers (BFM) has appointed an association leadership specialist as its new managing director while current incumbent Nick Garratt is to become its chairman.
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- FLOORCOVERINGS
Beaulieu International Group (B.I.G.), the diversified Belgian industrial conglomerate, is to increase prices worldwide across its entire flooring solutions portfolio.
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- SUPPLY & WHOLESALE
The proposed takeover of the comfort foam business of Recticel by its industry peer Carpenter raised eyebrows across many U.K. furniture industry boardrooms, right across the supply chain from manufacturers to retailers.
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- UPHOLSTERY
Furniture wholesale giant Actona Group is to expand the scope of its global upholstery operations after agreeing the takeover of private equity backed Danish sofa maker Theca. More deals for other companies will follow, it said.
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La-Z-Boy U.K. has acquired North West sofa maker Furnico in a deal that gives the U.S. headquartered upholstery conglomerate manufacturing capability within Europe.
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- SUPPLY & WHOLESALE
The collapse of a 150-year-old Oxfordshire furniture manufacturer earlier this summer leaves secured and unsecured creditors facing a sizeable shortfall.
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- TRADE & INDUSTRY
Carolyn Mitchell, sales and marketing director for the contract division of Buckinghamshire headquartered bed maker Hypnos, is to chair the British Contract Furnishing Association (BCFA) for a second time.
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- SUPPLY & WHOLESALE
Inflation figures released Wednesday made for grim reading. Consumers are paying over 10 percent more to buy furniture than they were this time last year, while manufacturers' input costs are increasing at twice that level.
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- RETAIL & DISTRIBUTION
Beds and mattress vertical Bensons for Beds has recruited an experienced retail executive as successor to chief operating officer Joe Wykes, who left the business earlier this year.
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- RETAIL & DISTRIBUTION
Consumer price inflation for furniture reached double-digit levels for the first time on public record while manufacturers are continuing to grapple with upstream supply chain price pressures.
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- BEDS & MATTRESSES
Kent bed maker Sleepeezee said it is extremely confident with regards to its future outlook and business performance after the reopening of retail earlier this year helped it quickly pick up where it left off before the pandemic.
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- SUPPLY & WHOLESALE
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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- BEDS & MATTRESSES
A second straight month of weaker data from European factories squashed the air out of what had been a buoyant mattress import market until the summer months.
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- RETAIL & DISTRIBUTION
Bensons for Beds is looking to hire about 180 people across its nationwide retail, distribution and manufacturing network while its new store rollout continues this week with an opening in a former Laura Ashley unit.
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- FLOORCOVERINGS
The value of carpets and rugs imported into the U.K. continued to rise in August according to new figures, but at a much shallower incline than in the preceding seven months.
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- UPHOLSTERY
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- BEDS & MATTRESSES
The achievements of Harrison Spinks chairman Simon Spinks and West Yorkshire bed maker Duvalay were among those from the industry recognised at the Yorkshire Business Masters 2021 awards last week.
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- UPHOLSTERY
Revenue fell at all four of West Midlands and Essex upholstery group TCM Living's business units last year but three of them still managed to gain market share from their competitors.
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- UPHOLSTERY
New figures from upholstery group TCM Living show its two largest retail customers—both major furniture chains—were responsible for 61.4 percent of its £100 million plus turnover through 2020.
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- DEALS & FINANCE
Venture capital and private equity group LDC says it has made a growth investment in mobility products group Kingswood, the owner of the Willowbrook adjustable beds and riser recline chair brand.
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- UPHOLSTERY
Plumbs slipped to an overall loss last year but the sofa covers and reupholstery business said it enjoyed a very profitable fourth quarter after benefitting from pent-up demand post lockdown.
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- SUPPLY & WHOLESALE
British furniture manufacturers' combined turnover rose by a quarter against strong comparatives at the height of summer as the industry battled to meet surging demand.
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- BEDS & MATTRESSES
Leeds bed maker Harrison Spinks has been awarded Investors in People’s We Invest in People standard accreditation, recognition of its leadership and management practices and how it motivates and supports its employees.
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- DEALS & FINANCE
Carpenter Co, the U.S. headquartered industrial conglomerate, has made a binding offer for Recticel's Engineered Foam division, which includes its comfort foam business serving U.K. upholstery and bedding customers.
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- BEDS & MATTRESSES
Geert Geerkens, sales and marketing director at Belgium's Veldeman Group, has been named the new president of the European Bedding Industry Association (EBIA).
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- UPHOLSTERY
Customers pivoting away from the web and back to stores along with the collapse of Greensill Capital exacerbated an already perilous situation at Kidderminster sofa maker Wyvern Furniture.
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- RETAIL & DISTRIBUTION
Retail giant IKEA plans to shift production of some goods from the Far East to Turkey in order to counter the impact of rising container costs, according to a company official.
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- BEDS & MATTRESSES
Hypnos and The Eden Project, the educational charity and social enterprise, are to work together on charity, community and sustainability initiatives that focus on the importance of the environment and creating sustainable sleep solutions.
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- UPHOLSTERY
The company behind Kidderminster sofa maker Wyvern Furniture has ceased trading and been placed into administration. All of its employees have been made redundant.
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- SUPPLY & WHOLESALE
The principal U.K. arms of Carpenter and Vita, two of the big three comfort foam suppliers to Britain's bed and sofa manufacturing sectors, saw output and earnings fall amid the early months of the pandemic.
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- INTERNATIONAL
International furniture company Roche Bobois has announced the death of François Roche, its co-founder, on October 6. He was 85 years old.
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- SUPPLY & WHOLESALE
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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- TRADE & INDUSTRY
The director of sustainability and innovation at Leeds bed and mattress manufacturer Harrison Spinks has joined the roster of experts speaking at The Furniture Makers’ Company’s webinar on sustainability next week.
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- RETAIL & DISTRIBUTION
Management actions buttressed liquidity and profits at national furniture retailer HSL in 2020 as its customer base was impacted by Covid-19 to a greater extent than other demographics.
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- SUPPLY & WHOLESALE
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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- UPHOLSTERY
Existing local managers will oversee the business of iconic sofa brand Tetrad after the departure of its longtime md and former owner Janus Cooper, its parent company Belfield has said.
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- UPHOLSTERY
Walking away from tens of millions of pounds worth of business with IKEA was a bold move but Westbridge is finding new custom elsewhere, with both emerging and longstanding customers.