Manufacturing News
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- UPHOLSTERY
Keith Wilson has been prompted to president, International at La-Z-Boy.
Former La-Z-Boy U.K. md Keith Wilson has been promoted for the second time in just over a year, becoming responsible for all non-U.S. business at the upholstery giant after being named president, International.
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- FLOORCOVERINGS
The Archwood home improvement group, owner of flooring business Atkinson & Kirby and other timber products businesses, incurred a further loss in 2017–18 after revenue fell and costs increased.
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- TRADE & INDUSTRY
BFM drills down into the issues affecting furniture manufacturers.
One in four furniture manufacturers have made redundancies and nearly one sixth introduced short-term working as producers grapple with some of the most challenging trading conditions in years, according to a survey by BFM.
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- DATA & RESEARCH
Mattress production climbed though the overall bed market was impacted by divan production.
British furniture manufacturers' collective output declined last year with cabinet furniture producers and sofa makers among those seeing the biggest falls, new figures for 2018 reveal.
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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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- CASE GOODS
Danzer, the €202 million turnover decorative hardwood supplier that lists manufacturers of floorcoverings and furniture among its clientele, is to close one of its European factories.
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- BEDS & MATTRESSES
The Three Sixty bed by Savoir has just gone into Harrods. The model pictured retails for £330,000.
Savoir, whose beds retail for an average of about £25,000 each, posted record sales and a high single-digit net margin in 2018 after it consolidated its presence in key international markets.
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- FLOORCOVERINGS
Cormar's new Hemel Hempstead distribution centre spans 130,000sqft.
Sales jumped in high single-digits for Bury carpet maker Cormar in 2017–18 with the company controlling costs to return to bottom line growth.
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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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- CASE GOODS
Expanding kitchens vertical Wren is planning a Midlands recruitment event, where it hopes to offer an instant route back into work for staff impacted by the insolvency of retailer Bathstore.
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- RETAIL & DISTRIBUTION
Multiyork's empty Tottenham Court Road store, subsequently taken over by IKEA for a planning studio.
Former employees of Multiyork have received a combined six-figure sum after an Employment Tribunal found the upholstery vertical failed in its legal obligation to its staff during the redundancy consultation period before its 2017 collapse.
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- RETAIL & DISTRIBUTION
Prestige kitchen and bedroom furniture maker and retailer Roundhouse booked lower underlying revenue in 2018 but the value of deposits held at the year-end indicate it may reverse that this year.
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- BEDS & MATTRESSES
Dreams has been owned by Sun Capital since 2013.
Sun Capital, the private equity company that owns Dreams, collected an eight-figure dividend last year after the debt-free national bed specialist generated more cash than it had in the previous year.
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- RETAIL & DISTRIBUTION
The majority if not all of Steinhoff's U.K. corporate entities have shortened their 2017–18 financial year by a day, meaning accounts for the period are now not due for another three months.
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- UPHOLSTERY
East Midlands upholstery and soft furnishings producer Leisure Furnishings found extra margin in 2017–18, countering the impacting of lower sales.
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- FLOORCOVERINGS
The West Yorkshire company behind the Burmatex carpets business has warned half-year profits will be lower than last year after a weak second quarter.
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- TRADE & INDUSTRY
Whitemeadow made the list for the fourth time.
Well over a dozen furniture and flooring industry businesses have been featured in the 1,000 Companies To Inspire Britain 2019 report, including sofa maker Whitemeadow and guest bed producer Jay-Be.
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- BEDS & MATTRESSES
Board change for owner of Britain's biggest beds manufacturer.
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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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- CASE GOODS
Revenue fell and losses widened ahead of the prepack sale of the business and assets of bedroom cabinet manufacturer Harrison Brothers (Furniture), administrators have disclosed.
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- UPHOLSTERY
At The Helm's new gallery concept.
At the Helm, the new brand launched by upholstery supplier Hydeline Furniture at the beginning of 2019, is introducing an instore gallery concept to leading U.K. retailers.
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- BEDS & MATTRESSES
New role for former Silentnight and Harrison Spinks executive.
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- CASE GOODS
Privately-owned kitchen furniture producer Burbidge slipped to a 2017–18 deficit after revenue fell and its cost of sales increased. A pension gain boosted its book value.
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- RETAIL & DISTRIBUTION
98 percent of Sharps' business is derived from bedroom furniture sales.
Fitted bedrooms vertical Sharps maintained forward momentum in the six months to end March as the manufacturer and retailer shrugged off a tough macro environment to increase sales and profits.
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- RETAIL & DISTRIBUTION
Sharps, the 78-store bedroom furniture maker and retailer backed by Sun Capital Partners, is planning to list corporate bonds issued last year on a Swedish exchange.
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- CASE GOODS
Sigma 3's Moda modern bedroom range.
Kitchen, bedroom and home office furniture maker and retailer Sigma 3 posted sales growth in 2017–18 but profits declined as higher costs impacted margins.
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- BEDS & MATTRESSES
Dreams was bought by Sun European in 2013.
Bed specialist Dreams says sales and profits advanced again despite a difficult U.K. retail backdrop last year, a fifth straight improvement since it was bought by private equity company Sun Capital Partners in 2013.
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- BEDS & MATTRESSES
Tempur Sealy products will go back into 2,500 Mattress Firm stores during the final quarter of 2019.
Tempur Sealy International, the world's biggest bedding producer, says it has agreed a new supply agreement with Mattress Firm, the Steinhoff-owned retail giant, in a move that reverses the high-profile split between the parties two years ago.
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- RETAIL & DISTRIBUTION
The business ceased trading in the spring of this year.
The phoenix company behind the brief resurrection of the vertically-integrated Wesley Barrell upholstery business has been placed into liquidation, more than two months after staff were told of its closure.
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- CASE GOODS
Revenue fell and losses widened at the West Sussex kitchen manufacturer behind the Paula Rosa and Manhattan brands in 2018. Its outlook for this year improved after a surge in new business orders in the final quarter.
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- FLOORCOVERINGS
Lawton Yarns, the £37 million turnover carpet yarn spinner whose products are used by a range of U.K. floorcoverings manufacturers, has been sold in a prepack deal.
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- LEGAL & RESTRUCTURING
Parisot, a French furniture kit maker employing over 500 people whose products are sold into the U.K. retail market, has been placed into an insolvency process called redressement judiciaire.
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- SUPPLY & WHOLESALE
The owners of luxury goods group Clive Christian say it is "business as usual" for its furniture manufacturing division after its fragrance unit was sold.
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- NEWS
MA Platt, a small contract leisure and office furniture maker serving corporate clients, has been sold back to its owner in a prepack deal that provides continuity and saves jobs.
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- NEWS
Häfele UK grew both sales and profits last year.
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