Manufacturing News
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- BEDS & MATTRESSES
Yorkshire mattress springs and bed components manufacturer Spinks has secured an internationally-renowned accreditation for its pocket spring products.
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- UPHOLSTERY
Upholstery brand Sofa.com maintained high double-digit margin last year despite rising costs weighing against the impact of big sales growth.
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- SUPPLY & WHOLESALE
The U.K. future of international bedroom and dining furniture resource Rowico is unclear after its wholly-owned business unit here was placed into the hands of restructuring advisors late last month.
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- RETAIL & DISTRIBUTION
HSL has appointed Venessa Hodgson as managing director designate following the departure of CEO Guy Critchlow, who has left after over six years with the furniture vertical.
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- UPHOLSTERY
The upholstered furniture manufacturer behind brands including Sofas by Saxon and Timeless Chesterfields enjoyed the strongest financial year in its history through 2021/22.
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- EVENTS
Organisers have launched the pre-registration process for this year's London Fabric Show, which takes place at the ILEC Conference Centre, Earls Court on February 28 and March 1.
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- CASE GOODS
The closure of a 13-store kitchens vertical late last year has left its South Yorkshire owner with little prospect of recovering a seven-figure debt that was a hangover from its takeover nearly seven years ago.
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- TRADE & INDUSTRY
Trade association British Furniture Manufacturers (BFM) named High Seat (HSL) and Jay-Be as winners of the inaugural Furniture of Furniture Awards at an evening reception at the January Furniture Show last week.
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- BEDS & MATTRESSES
Most bed makers who responded to the National Bed Federation's (NBF) latest State of Trade poll said a lack of orders is the biggest factor likely to limit output in the first half of 2023 with many supply chain challenges having now abated.
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- UPHOLSTERY
The upholstery group behind the Ashley Manor and Alexander & James brands has begun a consultation with employees at its East Midlands factories as it explores a strategic proposal to transfer production to Dudley.
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- BEDS & MATTRESSES
Martin Gill, the new managing director of Vispring, will continue to run the high-end bed maker's co-owned sister retail business, whose sales director is to have elevated responsibilities to provide support.
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- SUPPLY & WHOLESALE
Factory gate furniture price inflation climbed at the end of last year though raw material and input cost data augurs more promisingly, with that rate falling to its shallowest level since the spring of 2021.
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- UPHOLSTERY
Furniture group Actona has revealed it paid well above book value for the takeovers of European sofa producers SITS and Theca last year in deals that made it one of the world's largest upholstery producers.
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- SUPPLY & WHOLESALE
The reopening of the hospitality industry boosted textiles manufacturer and distributor Richard Haworth, one of the largest U.K. suppliers of filled bedding and soft furnishings to the sector.
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- UPHOLSTERY
Upholstered furniture company Kingcome Sofas has completed works at its Devon factory designed to boost capacity and make the business more productive.
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- LEGAL & RESTRUCTURING
Turnaround firm Antony Batty & Company lined up as a potential restructuring advisor at small cabinet producer.
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- BEDS & MATTRESSES
Jim Gerety is to retire as managing director at Vispring, the Devon bed manufacturer has announced. Operations director Chris Harrison is also retiring.
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- SUPPLY & WHOLESALE
High value lighting, furniture and accents supplier Porta Romana booked adjusted profits of £4.1 million in the year to April 30, 2022 on all-time high revenue.
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- UPHOLSTERY
Six-figure profits helped bolster the balance sheet at Delcor in the first period since a change of ownership at the high-end upholstery business.
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- INTERNATIONAL
Underlying profits reached record levels at Danish furniture retail, supply and investment conglomerate Lars Larsen Group (LLG) last year fuelled by organic growth and acquisitions.
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- RETAIL & DISTRIBUTION
Starplan Furniture booked record sales and profits through 2021/22 as demand surged for the fitted and freestanding cabinet maker and retailer.
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- UPHOLSTERY
Upholstered furniture import volumes declined again on the back of continued weak data from China, the largest source of overseas-made sofas sold in the U.K.
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- UPHOLSTERY
A handful of upstream raw material and semi-finished product suppliers face a shortfall on their debts following the insolvency of a small but long established sofa maker in the West Midlands.
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- UPHOLSTERY
A mid single-digit decline in order intake at DFS in the second half of the 2022 calendar year masks a big improvement in the past three months, according to the U.K. sofa market leader.
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- SUPPLY & WHOLESALE
U.K. furniture manufacturing turnover rose at below-inflation levels for a third straight month in November according to data out Friday morning.
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- SUPPLY & WHOLESALE
The md of Ercol Furniture [ercol] says the Buckinghamshire manufacturer remains focused on further building U.K. production after it returned to profit in 2021 and maintained that level last year.
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- UPHOLSTERY
Former Tetrad owner and md Janus Cooper will join longtime colleagues Nick Murphy and Annabel Simmons as they introduce the Encore Sofa Company to a widespread trade audience for the first time this month.
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- UPHOLSTERY
Aberdare sofa maker Ashwood Designs has praised its customers after a period in which it saw record demand combine with unprecedented upstream supply chain disruption.
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- TRADE & INDUSTRY
Most furniture makers plan to make pay awards to staff this year according to the annual wages survey carried out by British Furniture Manufacturers (BFM), the trade association.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) has launched this year's free multi-media marketing toolkit for bed retailers to download ahead of National Bed Month in March.
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- TRADE & INDUSTRY
The number of furniture, flooring and furnishings companies filing for insolvency climbed to the highest level since records began in 2022 as demand tailwinds receded and Covid-support measures fell away.
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- BEDS & MATTRESSES
Airsprung says it is in the process of financially leveraging surplus land and buildings owned by the diversified beds and upholstery group at its Wiltshire headquarters.
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- UPHOLSTERY
The operating company of modular sofa brand Snug has filed a notice of intent to appoint an administrator as potential bidders such as ScS look to complete a deal for either the company or its assets.
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- UPHOLSTERY
Ekornes, the China-owned upholstered furniture maker and owner of the Stressless brand, is to shed about a quarter of its global workforce and consolidate its Far East manufacturing operations in response to the weaker market.
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- BEDS & MATTRESSES
The principal U.K. subsidiary of global mattress innerspring maker Leggett & Platt (L&P) benefitted from higher sales and lower costs as it landed bumper profits, new accounts show.
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- UPHOLSTERY
Nichola Hornby Bell has joined West Midlands sofa maker Alpha Designs as sales director, succeeding Barry Webb, who will retire following a handover period.
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- SUPPLY & WHOLESALE
Living, dining and bedroom wholesaler Balmoral Furniture booked higher profits last year as revenue increased and margin widened as a result of fewer restrictions.
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- BEDS & MATTRESSES
Adjusted profits inched forward at West Yorkshire mattress manufacturer Highgrove Beds last year as single-digit sales growth and wider gross margin countered rising overheads.
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- FLOORCOVERINGS
A leading rug and mat manufacturer and distributor that has historically sold through retailers such as John Lewis and Dunelm invested and maintained high profits last year on underlying growth.
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- TRADE & INDUSTRY
West Midlands based Homeserve Furniture Repairs booked record revenue and profit through 2021/22 and said it expects to grow its top line again in the current financial year.
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- UPHOLSTERY
Profits rose by nearly a fifth last year for the U.K. market leader in the supply of flame retardant fabric coatings for the upholstered furniture industry.
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- UPHOLSTERY
Revenue climbed by more than a third for Dudley upholstered furniture manufacturer ACL 2002 through 2021/22 amid rising costs that impacted profits.
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- UPHOLSTERY
West Yorkshire upholstered furniture distributor Scan-Thors (UK) said the acquisition of new production facilities in mainland Europe has helped provide surety of supply and negate input cost pressures.
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- SUPPLY & WHOLESALE
The outlook for foam availability and pricing will be pegged to three main pillars through 2023, according to the trade association representing suppliers of polyurethane slabstocks used by the mattress and upholstery industry.
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- BEDS & MATTRESSES
A third generation of family members has joined Ramsey Timber Group, the West Yorkshire timber component supplier to the U.K. bed industry, as it celebrates its 50th anniversary.
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- FLOORCOVERINGS
A four-fold rise in profits and higher sales helped bolster the finances of the group behind the Brockway Carpets and Grosvenor Wilton brands, accounts public Friday morning revealed.
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- TRADE & INDUSTRY
Trade association British Furniture Manufacturers (BFM) says The Future of Furniture Awards offer the opportunity for its members to highlight their sustainability and employment credentials.
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- UPHOLSTERY
Direct-to-consumer upholstery brand Maker&Son is at the centre of a legal dispute following the sale of the business to a new financial sponsor earlier this year.
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- SUPPLY & WHOLESALE
The start of the final quarter saw living, dining and bedroom cabinet shipments climb for the first time in four months as U.K. buyers found alternatives to China.
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- UPHOLSTERY
Upholstered furniture imports into the U.K. climbed at the start of the final quarter of 2022 despite continued sluggish figures from China.
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- UPHOLSTERY
G Plan is collaborating with British furniture restorer and television presenter Jay Blades for an upholstery and cabinet collection designed to take the brand to a wider customer profile.
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- RETAIL & DISTRIBUTION
Upmarket fitted furniture vertical John Lewis of Hungerford marked its 50th anniversary with record sales and even higher order levels, though profits declined on rising costs.
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- BEDS & MATTRESSES
Bed maker Sleepeezee says it has made further top line gains in 2022 so far while it has also agreed new finance facilities that give it an increased liquidity buffer.
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- UPHOLSTERY
A historic sofa manufacturer that also sells branded upholstery from its large retail showrooms in Buckinghamshire has filed a notice of intent (NOI) to appoint an administrator.
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- CASE GOODS
The South Yorkshire cabinet maker behind the Spaceslide and Spacepro bedroom furniture brands is not impacted by the insolvency of the kitchen retail business it bought six years ago.
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- SUPPLY & WHOLESALE
British furniture makers' turnover growth accelerated at the start of the fourth quarter despite the uplift in exports being the weakest since February 2021.
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- BEDS & MATTRESSES
A West Yorkshire mattress company has been compelled to change its corporate name following a legal challenge by one of the U.K.'s largest bed makers.
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- UPHOLSTERY
West Midlands supplier to the U.K. upholstered furniture manufacturing sector books strong profits.
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- UPHOLSTERY
Upholstered furniture vertical Natuzzi has found a successor to chief financial officer Vittorio Notarpietro after a near 12-month search for a replacement.
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- UPHOLSTERY
Southern Italian upholstered furniture brand Egoitaliano has a second U.K. monobrand store after a partner launched a new flagship showroom in Surrey.
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- COMMUNITY
The Cornish Bed Company has been awarded the Manufacturing Guild Mark from The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry.
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- DEALS & FINANCE
The family owners of Latexco, the Belgium based maker of finished and semi-finished bedding products and components, have agreed to sell the business to a compatriot industrialist.
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- DEALS & FINANCE
An alternative finance provider to dozens of furniture industry enterprises could follow its parent company into administration according to a new court filing.
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- TRADE & INDUSTRY
Trade association British Furniture Manufacturers (BFM) is launching a new campaign to highlight the value and variety of careers available within the industry, as well as showcasing the steps the sector is taking to support sustainable manufacturing.
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- UPHOLSTERY
Upholstered furniture manufacturer Lebus appointed a finance director designate ahead of the retirement of longtime finance director Darrell Bettany last month.
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- BEDS & MATTRESSES
The manufacturing and import company behind the Bedmaster brand booked lower profits last year despite a rise in sales.
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- SUPPLY & WHOLESALE
The private equity backed group that owns custom fitted furniture maker Neville Johnson paid eight-figure dividends to shareholders in a period when it agreed extended borrowing and saw trading profits fall.
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- UPHOLSTERY
Upholstery and curtain fabrics wholesaler Fryett's booked larger profits through 2021/22 as the easing of Covid restrictions aided demand for its products.
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- UPHOLSTERY
The South Wales sofa manufacturer that sold a majority stake to Halo Group's Andrew Martin International business last autumn rebuilt employee numbers to pre-pandemic levels in the past year.
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- BEDS & MATTRESSES
Spring maker Wolf Components will assemble its pocket units utilising polymer-based glue from the start of 2023 in a move it says will deliver significant recyclability improvements.
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- COMMUNITY
3CAD, a visual configure, price, quote (CPQ) software provider, has joined The Furniture Makers’ Company, the City of London livery company and charity to the furnishing industry, as a corporate member.
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- DEALS & FINANCE
The East of England furniture holding company that acquired a chunk of a longtime Argos flatpack furniture supplier earlier this year has revealed the financial terms of the transaction for the first time.
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- SUPPLY & WHOLESALE
The value of U.K. furniture exports has jumped by more than £200 million so far this year thanks to increased activity with major trading partners including the U.S., Ireland and France.
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- CASE GOODS
Welcome Furniture took on additional debt as it invested millions of pounds building additional capacity through 2021/22, new figures show.
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- SUPPLY & WHOLESALE
Profits fell sharply at Gwynedd cabinet maker Welcome Furniture in the past year as strategic partnerships with online retailers failed to fully mitigate a tough contract market.
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- DEALS & FINANCE
Victoria's takeover of parts of Belgium's Balta group was well publicised but the flooring conglomerate has since completed the buyout of another nearby business, it disclosed Tuesday morning.
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- FLOORCOVERINGS
Flooring conglomerate Victoria posted a stronger top and bottom line in the six months to October 1, 2022 but saw cash levels decline as a result of debt pay-down, acquisitions, capex and an operating cash outflow.
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- BEDS & MATTRESSES
Top line growth and the benefits of earlier restructuring helped the Sweet Dreams beds and upholstery group record its smallest deficit in three years through 2021/22, new accounts show.
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- UPHOLSTERY
Italian sofa conglomerate Natuzzi has hired a 20-year furniture executive with an architecture and retail design background with a brief to drive improvement across its own-run and third-party showroom network.
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- FLOORCOVERINGS
Major flooring producer Ulster Carpets says it will sacrifice short-term profits as it builds capacity with heavy investment at its factories across the U.K.
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- UPHOLSTERY
Upholstered furniture giant Natuzzi enjoyed a €9.2 million bottom line swing in the third quarter, but it cautioned of tougher times to come with shoppers worldwide rethinking their spending plans.
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- UPHOLSTERY
What's done can't be undone, for direct-to-consumer Stratford-upon-Avon sofa manufacturer.
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- SUPPLY & WHOLESALE
United Furniture Industries, the company behind Lane, one of the most storied furniture brands in the U.S., has closed down without warning, putting thousands of jobs at risk.
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- FLOORCOVERINGS
North West flooring manufacturer Bronte Carpets has decided to wind down operations, calling time on 40 years in business amid challenging trading conditions.
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- LEGAL & RESTRUCTURING
A privately-owned bedroom furniture manufacturer is to restructure its debts after it agreed a company voluntary arrangement (CVA) with its largest creditor.
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- BEDS & MATTRESSES
Burgess Beds, the Rossendale bed manufacturer bought in an insolvent buyout at the start of the pandemic, received renewed financial backing from one of its owners in the past year.
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- UPHOLSTERY
Man Wah Holdings, the world's largest recliner company, booked higher profits in the six months to end September despite geopolitics impacting its manufacturing business in Europe.
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- DEALS & FINANCE
U.K. sofa and bed makers will continue to be able to buy foam from three major sources after the regulator here agreed Carpenter could buy Recticel's engineered foam unit, but only if the bulk of the British business is sold.
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- BEDS & MATTRESSES
Emerging manufacturing markets helped mattress imports into the U.K. continue to rise in September despite weaker figures from more established sources.
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- RETAIL & DISTRIBUTION
Consumer price inflation for household furniture eased to its lowest reading in 10 months in October but remains at a historically elevated level.
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- SUPPLY & WHOLESALE
Fewer containers of living, dining and bedroom cabinet furniture arrived in the U.K. at the end of the first quarter including a halving in the quantity of goods shipped from China.
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- SUPPLY & WHOLESALE
Designer furniture maker Carl Hansen & Søn has begun a consultation with factory workers in its homeland ahead of planned redundancies as it adjusts to weaker consumer demand.
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- BEDS & MATTRESSES
Southampton bed manufacturer Millbrook has strengthened its senior leadership team with the appointment of Lee Pharoah as manufacturing manager.
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- UPHOLSTERY
The upholstery group that owns Ashley Manor, Alstons, AMX Design and Alexander & James slipped to a third quarter net loss on lower demand, higher costs and the weaker pound.
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- UPHOLSTERY
The group behind the Stressless and IMG furniture brands booked lower revenue in the U.K. and Ireland in the third quarter as demand softened. Year-to-date numbers remain well ahead.
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- SUPPLY & WHOLESALE
Profits almost trebled for North West supplier Hill's Panel Products through 2021/22 as the key supplier to the fitted furniture sector negotiated upstream challenges.
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- SUPPLY & WHOLESALE
U.K. furniture production volumes declined at the end of the third quarter as manufacturers grappled weaker order books amid rising costs.
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- TRADE & INDUSTRY
The chairman of the British Furniture Confederation (BFC) has highlighted the significance of the sector for the economy on two of the U.K.'s highest-profile radio broadcast programmes.
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- UPHOLSTERY
The Halo Creative & Design group acquired a stake in a second British sofa maker last year as it bolstered its U.K. upholstery manufacturing credentials, new filings reveal.
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- SUPPLY & WHOLESALE
Furniture conglomerate Actona Group says it has given the vast showroom at its Danish headquarters an extreme makeover as part of plans to make every visit by trade customers an experience.
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- TRADE & INDUSTRY
Two companies from the home and garden furnishings sectors were named winners in the Scale-Up Awards, which recognise growing businesses across the country.
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- UPHOLSTERY
Sofa market leader DFS has appointed John Fallon as its new chief financial officer (CFO), succeeding Mike Schmidt, who left last month to join value retailer B&M.
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- SUPPLY & WHOLESALE
A survey of leading British furniture manufacturers has laid bare the impact of rising production costs on their businesses, with many now struggling to turn a profit.
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- DEALS & FINANCE
Longtime md Simon Blackley has led a management buyout (MBO) of John Spencer (Textiles) and Ian Mankin, the two subsidiaries of weaving and fabrics group Ashfield Mill Company.
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- RETAIL & DISTRIBUTION
Solid wood beds and mattress maker and retailer Get Laid Beds built on profitable revenue growth through the pandemic as its top and bottom lines advanced again in the past year.
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- SUPPLY & WHOLESALE
Panaz Holdings has promoted Nadeem Memon to group chief financial officer with responsibility for the fabrics and furnishings group's expanding roster of business units.
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- TRADE & INDUSTRY
The British Contract Furnishing Association (BCFA) has changed its name to Commercial Interiors UK with its full rebrand to be formally rolled out and complete by November 14.
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- RETAIL & DISTRIBUTION
Upholstery market leader DFS said customer demand outperformed its own expectations in the past six weeks as a positive order trend returned.
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- EVENTS
The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, will next month host Routes to Greater Sustainability, a free-to-attend climate change and sustainability event.
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- BEDS & MATTRESSES
Challenging market conditions and a strong dollar impacted the top and bottom lines at Tempur Sealy International, the world's largest bedding company, in the third quarter.
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- BEDS & MATTRESSES
The head of bedding products at mattress springs and foam supplier Leggett & Platt (L&P) says the European market is facing more challenges than the U.S. having previously mirrored one another through the pandemic.
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- BEDS & MATTRESSES
Adjusted earnings climbed for Britain's biggest bed maker in the year to January 29, 2022 but one-off charges related to the settlement of historic pension issues meant its deficit widened at the bottom line.
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- DEALS & FINANCE
The Spanish conglomerate that owns British bed brands Vispring and And So To Bed has added to its roster of upmarket European mattress interests.
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- FLOORCOVERINGS
A strong dollar and tough trading in Europe impacted flooring conglomerate Mohawk Industries in the third quarter, with customers putting off non-essential spend and price rises struggling to keep pace with inflation.
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- BEDS & MATTRESSES
The Furniture Recycling Group (TFR Group) will grow its dismantling capacity to 1.5 million mattresses per year in England after securing an investment from Netherlands-based mattress recycling company RetourMatras.
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- DEALS & FINANCE
Upholstery fabrics group Mobus has acquired Clarkson Textiles, a key processor and supplier of flame retardant treatments to the furnishing and allied markets.
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- BEDS & MATTRESSES
Privately-owned Wiltshire mattress manufacturer Moonraker Beds booked six-figure profits for the fourth straight year in the 2021/22 period.
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- UPHOLSTERY
Danish upholstery brand Sofacompany added new showrooms and absorbed input price pressures as it prioritised the top line over profits growth in the past year.
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- SUPPLY & WHOLESALE
Restructuring advisors say multi-million pound filled bedding supplier Norfolk Feather is yet to formally enter insolvency despite the reported closure of its business earlier this month.
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- BEDS & MATTRESSES
Pocket spring maker Wolf Components achieved a near double-digit net margin as revenue surged through 2021/22 and ahead of it investing in further expansion this summer.
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- UPHOLSTERY
The upholstery manufacturing unit of retail giant Next recorded its highest ever output in the six years since it started production through the post-lockdown period.
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- UPHOLSTERY
Nottinghamshire upholstered furniture producer Whitemeadow has promoted Alan Price in a move that also gives him a seat on the board of directors.
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- BEDS & MATTRESSES
Higher employee-related expenses countered the impact of rising sales and wider gross margin at Batley mattress maker Dura Beds last year as profits declined.
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- SUPPLY & WHOLESALE
Filled bedding company Trendsetter Home Furnishings built on a return to profit with an eight-fold rise in earnings in the past year, but cautioned of headwinds in the period since.
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- COMMUNITY
The Young Furniture Makers exhibition, organised by The Furniture Makers’ Company, returned after a three-year hiatus earlier this month to showcase and celebrate the work of 100 emerging designers and makers.
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- BEDS & MATTRESSES
West Yorkshire supplier of mattress ticking and bed components registers smaller profits but margin improvement limits impact of £1.5 million revenue drop through 2021/22.
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- SUPPLY & WHOLESALE
Actona Group found top line gains as the Danish furniture conglomerate expanded its global activities through acquisitions in 2021/22.
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- TRADE & INDUSTRY
The Furniture Makers' Company will next month host a free-to-access webinar called Designing Out Waste, exploring what the furnishing industry needs to do in order to achieve greater waste reduction.
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- UPHOLSTERY
Nichola Hornby Bell, one of the highest-profile sales directors in the U.K. sofa industry, has decided to leave upholstered furniture manufacturer Westbridge.
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- SUPPLY & WHOLESALE
Renewed upstream supply chain price pressures will result in further rises being passed on to retailers, as new inflation figures out Wednesday showed continued stubbornly high rates across the industry.
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- UPHOLSTERY
The private equity backer of sofa makers Westbridge and Tetrad has appointed a new group chief executive at parent company Belfield.
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- TRADE & INDUSTRY
The British Furniture Manufacturers (BFM) has partnered with leading sustainability and net zero group Planet Mark to help its members and the country’s furniture industry meet its net zero goals.
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- BEDS & MATTRESSES
Mattress imports jumped by more than a quarter despite a sharp fall in the value and volume of goods shipped to the U.K. from China, according to new trade data.
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- BEDS & MATTRESSES
The U.K. arm of upmarket Swedish bed maker Hästens came closer to profit than at any time in the past decade last year as revenue growth returned.
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- DEALS & FINANCE
The sale of the Usleep mattress division to the Vita Group helped Westbridge owner Belfield to deleverage last year with it eliminating all outstanding bank debt and shareholder loans.
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- UPHOLSTERY
Chinese upholstery volumes almost halved at the end of the summer as some buyers looked elsewhere and others waited for goods held up by production delays because of Covid.
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- FLOORCOVERINGS
A longtime investor in diversified flooring manufacturer and distributor Victoria now owns more than a fifth of the company after it upped its stake in the business on Wednesday.
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- BEDS & MATTRESSES
Highly-regarded bed industry executive Mark Hughes is returning to the vacuum-packed mattress brand Breasley as sales director for the U.K. market. His appointment takes effect from November.
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- UPHOLSTERY
Profits returned despite one-off costs for sister sofa makers Westbridge Furniture and Tetrad as they recovered some of the revenue lost to the impact of the pandemic last year.
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- TRADE & INDUSTRY
The rate of British furniture manufacturing growth climbed for the first time in three months in August, according to official data released Wednesday morning.
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- UPHOLSTERY
The chairman and founder of a Chinese upholstery manufacturing group that used to own a 22-store U.K. furniture retail chain has a new chief executive after the current incumbent stepped down.
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- UPHOLSTERY
Adjusted profits jumped by a third at upholstery and soft furnishings fabrics group Romo last year as the company found growth in the U.K. and abroad.
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- BEDS & MATTRESSES
U.K. revenue reached record levels for mattress and bedding wholesale and retail business Tempur last year with it continuing to trade ahead in the early months of this year.
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- UPHOLSTERY
La-Z-Boy U.K. has promoted Richard Greenwood to managing director with current incumbent Mark Draper also seeing his status elevated. He has become vice president, International.
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- UPHOLSTERY
A slide in gross margin impacted the bottom line last year at upholstery group TCM Living, parent to Ashley Manor, AMX Design, Alstons and Alexander & James.
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- TRADE & INDUSTRY
The third quarter of 2022 saw more than twice the number of furniture and furnishings companies call in restructuring advisors compared with the same period last year.
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- BEDS & MATTRESSES
A historic North West mattress ticking and upholstery fabrics wholesaler has been placed into the hands of restructuring advisors after weeks spent trying to restructure the company.
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- SUPPLY & WHOLESALE
Higher output outweighed rising costs and thinner margins as North West household textile supplier Turner Bianca found bottom line growth in the year to end March.
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- BEDS & MATTRESSES
The second iteration of erstwhile South East beds retail chain Warren Evans recorded six-figure profits in the second full year since it launched in 2019.
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- UPHOLSTERY
Southern Italian sofa conglomerate Natuzzi has bolstered its senior leadership team with three new hires, including two who join from luxury brands Versace and Louis Vuitton.
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