Manufacturing News
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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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- UPHOLSTERY
Natuzzi achieved high single-digit revenue growth in the second quarter but it could have delivered much more but for the enforced closure of its plant in Shanghai as the Chinese Government tried to keep a lid on Covid infections.
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- SUPPLY & WHOLESALE
Britain's sofa and mattress makers are being landed with a new wave of price increases from across the upstream supply chain according to correspondence seen by The Furnishing Report. Some suppliers are also on allocation.
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- BEDS & MATTRESSES
More than 50 jobs have been lost after a privately-owned mattress manufacturer folded earlier this month leaving debts of a little over £2 million.
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- BEDS & MATTRESSES
Private equity backed foam supplier Vita Group has revealed it invested tens of millions of pounds acquiring mattress maker Usleep from the Belfield Group last year.
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- UPHOLSTERY
New borrowing and operating cashflow helped the privately-owned Whitemeadow group fund heavy capital expenditure last year as the East Midlands upholstery manufacturer invested in production.
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- DEALS & FINANCE
A U.S. advisory firm has been hired to find a third-party buyer for Recticel's comfort foam operations in the U.K. in a move designed to end an antitrust probe.
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- BEDS & MATTRESSES
The sales director of Recticel's comfort foam business in the U.K. has left the business to head up the bedding division of one of its major rivals.
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- FLOORCOVERINGS
The group behind the contract floorcoverings brands Heckmondwike Carpets and Paragon Carpet Tiles bolstered its balance sheet after a year in which profits climbed on wider margins and higher sales.
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- FLOORCOVERINGS
U.K. arm of Scandinavian hardwood floorcoverings manufacturer expects low growth amid uncertainty from the global recovery from the pandemic.
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- FLOORCOVERINGS
High U.K. demand post lockdown super-charged a return to profit for luxury vinyl tile (LVT) supplier Amtico as the Coventry company closed in on a decade under the ownership of U.S. flooring giant Mannington Mills.
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- RETAIL & DISTRIBUTION
Upholstery and beds vertical HSL repaid a £4 million bank loan two years ahead of time as it generated cash and traded strongly through the rump of the pandemic.
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- SUPPLY & WHOLESALE
Platt & Hill, a supplier of foam and fibre fillings products to the beds and upholstery manufacturing sectors, slipped to a loss last year as higher costs outweighed the benefit of increased output.
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- UPHOLSTERY
Sofa manufacturing group TCM Living has recruited two well-known furniture industry executives to fill senior managerial posts at its Ashley Manor Upholstery and Alexander & James business units.
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- RETAIL & DISTRIBUTION
Retained profits at a Scottish fitted furniture vertical were wiped out last year as the company battled an outsized impact from Covid restrictions that impacted its business model.
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- FLOORCOVERINGS
Balta Group will soon be no more. The Belgian flooring conglomerate is changing its corporate name to Belysse Group with the switch to be approved at an Extraordinary General Meeting next month.
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- UPHOLSTERY
Profits declined at sofa maker Lebus Upholstery last year as the Lincolnshire manufacturer grappled higher labour and raw materials costs in the year of its sale to employees.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) named the winners of its 2022 Bed Industry Awards on Tuesday night with both Dreams and Glasswells two-time winners among 11 awards handed out in all.
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- BEDS & MATTRESSES
A share buyback concentrated the ownership structure of the North Wales manufacturing and retail group behind the Adjustamatic beds and upholstery brand last year.
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- FLOORCOVERINGS
The value of carpet and smooth floorcoverings manufacturer and distributor Victoria has moved erratically in the past few days, rising by more than £100 million before a steep decline.
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- UPHOLSTERY
Adriana, the central European upholstered furniture maker and DFS supplier, upped its stake in the U.K. sofa chain on Monday, following up on its initial disclosure last week.
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- FLOORCOVERINGS
The quantity of carpets imported into the U.K. fell for a sixth straight month in July as strong data from the Netherlands was outweighed by weaker figures from Belgium and Turkey.
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- UPHOLSTERY
The Cath Kidston brand has entered the furniture market with a programme of upholstery and beds being sold exclusively by sofa market leader DFS.
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- TRADE & INDUSTRY
Furniture makers' output remained positive on a year-on-year basis during the height of the summer though growth was the weakest since lapping the start of the pandemic.
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- UPHOLSTERY
Shares in DFS climbed to their highest level in nearly four weeks as the U.K.'s largest upholstered furniture retailer reacted to Polish sofa maker Adriana acquiring shares in the business.
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The sofa group behind the Ashley Manor and Alexander & James brands is preparing for the planned departure of group creative director Scott Coggan, one of the highest-profile designers in the upholstery sector.
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- BEDS & MATTRESSES
Carpe Diem Beds, the Hilding Anders-owned Swedish bed brand, is expanding into the U.K. wholesale market as part of plans to increase its footprint in the British retail sector.
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Half-year revenue was close to flat in Europe for the bedding giant behind the Mlily brand as global growth slowed after a double-digit uplift in the first quarter.
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- UPHOLSTERY
Sofa Brands International, parent to many of the largest upholstery brands in the U.K., is undergoing a restructuring process that has resulted in the departure of a number of senior executives, and other officials being handed new roles.
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Upholstered furniture maker and retailer Arlo & Jacob is shifting its headquarters to the East Midlands in a move that will result in the closure of its former base in West London.
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- BEDS & MATTRESSES
Mattress distributor DBC International has signed a partnership deal with Adova that sees it become the exclusive distributor of Simmons' Generation and Beautyrest collections in the Netherlands and Flanders.
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- FLOORCOVERINGS
Higher prices helped Belgian carpet maker Associated Weavers (AW) achieve double-digit sales growth in the U.K. last year, though it sold fewer square metres of product in the process.
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- SUPPLY & WHOLESALE
The probability that three major foamers will continue to serve the U.K. mattress and upholstery markets has increased after Carpenter and Recticel conceded the planned takeover of the latter's engineered foam unit would lessen competition.
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- FLOORCOVERINGS
Narrower gross margin contributed to profits falling at the Karndean flooring group last year despite revenue jumping by the equivalent of about £74 million.
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- BEDS & MATTRESSES
Profits reached their highest level in five years for the East of England manufacturing group behind brands such as The Old English Bed Company and Mattison Contract Beds in 2021/22.
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- UPHOLSTERY
Second quarter profits declined at Stressless and IMG brand owner Ekornes as higher prices and increased deliveries could only partially mitigate against rising costs.
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One of the world's most famous furniture and product designers has lent his creative skills to a new sofa model launching in the U.K. this week.
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The Shanghai-listed upholstery group behind brands spanning Kuka and Rolf Benz among others shrugged off the impact of local Covid measures to find top and bottom line growth in the first half of 2022.
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- BEDS & MATTRESSES
Recticel says the disposal of the business unit taking in its comfort foam activities serving U.K. mattress, sofa and direct-to-consumer brands will be delayed, possibly until the first quarter of 2023.
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- TRADE & INDUSTRY
The first Covid lockdown heralded a mass launch of new enterprises across U.K. furniture and flooring production, wholesale and retail. More than 2,600 of those companies have already folded.
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Cabinet and upholstered furniture maker Ben Whistler returned to profit last year after the bottom line took a hit through the first period of Covid.
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- FLOORCOVERINGS
Airea, the parent company to contract floorcoverings brand Burmatex, has hired experienced home goods retail official Mederic Payne as its chief executive officer.
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- UPHOLSTERY
Rising prices and increases in the value of both domestic production and imports helped the U.K. sofa market reach an all-time highest value last year, beating the previous record set in 2016.
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- FLOORCOVERINGS
Volumes climbed sharply among tufted carpet manufacturers last year while production of woven carpets was flat despite lapping restrictions from the previous year.
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- SUPPLY & WHOLESALE
The Competition and Markets Authority (CMA) has named the officials who will make up the inquiry group looking into the takeover of Recticel's Engineered Foam unit by Carpenter.
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- SUPPLY & WHOLESALE
Furniture exports climbed in the three months to end June on the back of strong growth from the two largest buyers of U.K.-made goods.
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Privately-owned furniture importer and distributor Mark Webster Designs and its parent company Mark Webster Holdings have each filed a notice of intent (NOI) to appoint administrators.
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- DEALS & FINANCE
The group behind the Oak Tree Mobility and Middletons brands bolstered its manufacturing capability with an under-the-radar acquisition of a motion furniture maker last year.
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- DEALS & FINANCE
A sizeable chunk of a circa £40 million U.K. cabinet furniture maker is now owned by its management team following changes in shareholdings at the private equity backed business.
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- BEDS & MATTRESSES
Millbrook Beds has agreed a three-year contract for Meachers Global Logistics to fully manage and operate its U.K. transport network on an exclusive basis.
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- RETAIL & DISTRIBUTION
National retailer Bensons for Beds has appointed the former group supply chain director of Dunelm as its new chief operating officer, the third person to hold the role since the start of the pandemic.
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June saw the first increase in the quantity of upholstery shipped into the U.K. from China since the turn of the year as overall volumes continued their long-running ascent.
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First half profits returned for the upholstery group behind the Alexander & James, Alstons and Ashley Manor businesses as it built sales momentum from the first quarter into the second.
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- RETAIL & DISTRIBUTION
Specialist retail investment firm Alteri Investors is beefing up its support for Bensons for Beds with fresh financial backing as the 170-store beds vertical continues to deliver its transformation plan.
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Growth slowed to its weakest level in over a year for U.K. furniture manufacturers in a sign production is catching up with the backlog from earlier high demand.
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London based furniture company Andrew Martin International acquired a majority stake in a South Wales sofa manufacturer late last year, shortly before changes in its own ownership structure.
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- BEDS & MATTRESSES
Stoke bedding and upholstery components supplier Handy has secured a deal with an Italian partner that will see it offer customers fully-computerised foam cutting machinery on an exclusive basis.
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The owner of the Premier Inn hotel chain has appointed Silentnight as its official bed supplier in a contract win that will add millions of pounds of turnover to what is already the U.K.'s largest mattress manufacturer.
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- FLOORCOVERINGS
Listed flooring group Victoria has spent more in share buybacks in the past week than in the entirety of last year as it seeks to take advantage of a perceived undervaluation in its share price.
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- SUPPLY & WHOLESALE
Declining demand, rising costs and overall economic uncertainty across Europe will lead to a decline in PU foam production this year.
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- BEDS & MATTRESSES
The National Bed Federation (NBF), the trade association for U.K. bed manufacturers and their suppliers, has appointed Tom Williams as its new sustainability and circular economy lead.
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- DEALS & FINANCE
U.S. foam giant Carpenter offered to divest the U.K. comfort foam business of Recticel in order to get its takeover of the overall engineered foam. unit of the Belgian conglomerate over the line. But the offer didn't satisfy British authorities.
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Shippers are moving product more reliably around the globe in a sign supply chains may be beginning to normalise, according to a leading provider of analysis and advisory services in the sector.
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- FLOORCOVERINGS
The invasion of Ukraine by Russia has had a profound impact on the supply of engineered wood flooring according to a major U.K. supplier with worldwide sales north of £53 million.
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- UPHOLSTERY
Direct-to-consumer upholstery brand Maker&Son is understood to have found a new investment partner after closing in on a deal that ushers in a new era at the circa £25 million business.
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At the turn of the century upholstered furniture maker Vale Bridgecraft had more than 600 stockists, comprising many of the finest independent retailers across the U.K. and Ireland.
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- BEDS & MATTRESSES
West Yorkshire mattress components supplier BC Springs built cash and stock through 2021/22 in a period that also saw the business deleverage.
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- DEALS & FINANCE
Leggett & Platt, the global maker of finished and semi-finished products for the bedding and furniture industries, has for the first time confirmed the value of its takeover of the Kayfoam Woolfson business last summer.
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- UPHOLSTERY
Restructuring advisors have been called in to a 75-year-old upholstered furniture vertical that sells through a mix of its own-branded and run showrooms and via third party stockists.
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- CASE GOODS
German furniture vertical Hülsta banked bigger profits at its U.K. retail and distribution arm in 2021 despite downsizing its shop footprint part way through the year.
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A South Yorkshire based ready-to-assemble furniture maker recorded a bigger deficit in the period that led to an external furniture group acquiring a quarter of the business earlier this year.
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- SUPPLY & WHOLESALE
The London based company behind the Artisan Furniture brand recorded a fall in profits at its U.K. business in the 12 months to March 31 this year.
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- CASE GOODS
The sale of property and chasing overdrawn loan accounts has left better prospects for the creditors of a once-sizeable U.K. bedroom furniture maker, even those holding no collateral.
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- BEDS & MATTRESSES
Value of investments rise for owners of West Yorkshire memory foam mattress and bedding company.
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- CASE GOODS
The U.K. finances of one of the trade's largest bedroom furniture companies are in better shape after its German parent company wrote off millions of pounds worth of intra-group borrowing.
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- COMMUNITY
Some of the brightest new designers entering the industry will showcase their talent as The Young Furniture Makers Exhibition returns for the the first time in three years this autumn.
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- RETAIL & DISTRIBUTION
Senior officials at bedroom and home office furniture chain Sharps retain a significant equity position in the c. £113 million turnover company following its sale by Sun European Partners late last year.
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- UPHOLSTERY
Colin Day, the founder and previous owner of upholstered furniture manufacturer Whitemeadow, has died after a prolonged battle with cancer, his family has announced.
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- FLOORCOVERINGS
Carpet yarn spinner Lawton Yarns agreed a six-figure settlement to end a legal claim with its former owner Danspin in a deal cut ahead of its subsequent management buyout earlier this year.
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- SUPPLY & WHOLESALE
Fewer restrictions and a less onerous lockdown helped the wholly-owned U.K. arm of French furniture brand Ligne Roset return to growth last year.
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- BEDS & MATTRESSES
West Midlands beds and upholstered furniture manufacturer Furmanac Group has appointed an experienced manufacturing executive as its new production director.
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- TRADE & INDUSTRY
The furniture market worldwide has already rebounded well above pre-pandemic levels according to specialist research consultancy CSIL Centre for Industrial Studies.
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- UPHOLSTERY
U.S. headquartered upholstered furniture giant La-Z-Boy has disclosed the terms of the buyout of the Colne sofa maker Furnico—its longtime U.K. manufacturing partner—for the first time.
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- BEDS & MATTRESSES
The CEO of Tempur Sealy International (TSI) says the number of acquisition candidates worldwide are growing as the world's largest bedding company announced a multi-million dollar investment in an emerging sleep technology platform.
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- BEDS & MATTRESSES
A change in the shareholder structure at Sleepeezee has given senior management a stake in the company for the first time this century, as well as a major incentive to build the value of the Rochester bed manufacturer.
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- FLOORCOVERINGS
Steve Depport, head of the Metro Group, has been appointed a non-executive director at The Carpet Foundation, the industry group that promotes the use of carpet and those that sell it.
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- UPHOLSTERY
Sales jumped £4.1 million for Long Eaton upholstered furniture manufacturer as it narrowed losses.
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Upholstery destined for customers of Maker&Son is being held back because of slow payment by the £25 million direct-to-consumer brand, which last night made a new court filing that gives it breathing space from creditors.
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- SUPPLY & WHOLESALE
Underlying sales climbed sharply at Northern Ireland based furnishing fabrics and household textiles supplier Ulster Weavers last year as it benefitted from its relationship with retail giant Dunelm.
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- SUPPLY & WHOLESALE
The acquisition and expansion of a new warehouse and distribution facility among other investments saw Liverpool home office and workplace furniture maker Dams spend almost £6 million on capex last year.
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- BEDS & MATTRESSES
Spinks, the diversified spring maker for beds, upholstery and other applications, has hired its first-ever global sales director.
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- BEDS & MATTRESSES
Retail group Beter Bed Holding says the acquisition of a stake in a Polish bedding company is part of a plan to vertically integrate its value chain and give it more control over profit margins.
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- SUPPLY & WHOLESALE
Current incumbent to remain on the board but step down as chief executive at supplier with operations spanning the globe including the U.K. after he found his successor.
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- TRADE & INDUSTRY
Twice as many furniture, flooring and furnishings companies called in restructuring advisors in the second quarter compared with the same period last year as the market took a downward turn.
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- SUPPLY & WHOLESALE
Rising sales and wider gross margin helped Coventry kitchen furniture manufacturer Burbidge return to profit at the EBITDA line last year and narrow its net loss at group level.
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- BEDS & MATTRESSES
Ergomotion has launched its new programme of smart and adjustable beds for the European and Middle Eastern markets including what it says is the first in the sector to be connectable with Garmin wearables.
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- SUPPLY & WHOLESALE
Britain's antitrust regulator has elevated its investigation into the takeover of Recticel's engineered foam unit by Carpenter to an in-depth Phase 2 inquiry, heightening the possibility that parts of the deal affecting the U.K. will either not happen or be reversed.
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- FLOORCOVERINGS
Acquisitions helped Victoria, the diversified international flooring manufacturer and distributor, to book more than £1 billion of sales for the first time in its history in the past year.
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- SUPPLY & WHOLESALE
Rachel Conroy, founder and CEO of Gateshead contract furniture supplier HLF, has been included in a prominent business magazine's 35 Women Under 35 2022 list — a rundown of high achieving business leaders.
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- BEDS & MATTRESSES
The National Bed Federation has announced the names of the nine manufacturer and supplier members that are sponsoring this year's Bed Show and Awards programme.
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- COMMUNITY
La-Z-Boy is to expand a 14-year partnership with Ronald McDonald House Charities by fundraising for the organisation in this year’s TCS London Marathon.
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- UPHOLSTERY
Upholstered furniture shipments into the U.K. jumped sharply at the height of spring as retailers here began to receive goods ordered weeks and months earlier.
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- CASE GOODS
The volume of Chinese cabinet shipments arriving in the U.K. fell by more than a quarter according to new trade data as buyers here looked to replenish stock from European sources instead.
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- BEDS & MATTRESSES
Foam and sprung mattress imports into the U.K. declined on a volume basis in May on weak data from the two largest sources of overseas made product.
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- FLOORCOVERINGS
Carpet import volumes declined for a third straight month in May on the back of weaker trade with Belgium, historically the U.K.'s largest trading partner.
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- UPHOLSTERY
A major upholstery group that fell into administration two years ago should have been alerted far earlier to the imperilled financial situation of its largest customer.
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- BEDS & MATTRESSES
GNG Group says its new mattress manufacturing facility in West Yorkshire is now fully operational and expected to add at least 50 new jobs by the end of next year.
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- SUPPLY & WHOLESALE
Furniture factory output in the U.K. continued to run at record levels according to new May data with manufacturers racing to unwind big order books as a result of earlier demand.
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- DEALS & FINANCE
The owners of motion beds and upholstery group Furmanac say the West Midlands manufacturer will be a stronger business as a result of a planned corporate restructure.
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- UPHOLSTERY
Experienced furniture industry executive Simon Davies says he is excited and energised to be joining TCM Living, the sofa group behind brands including Ashley Manor and Alexander & James.
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