Steinhoff International Holdings has agreed to sell its loss-making Kika/Leiner furniture chain, saving 5,000 jobs and improving the prospects for the group's other businesses worldwide.

RH Toronto Canada
The RH gallery in Toronto, Canada. It is planning its first European gallery in London
RH, the upmarket furniture retailer formerly known as Restoration Hardware, says it has pinpointed the location for its first store outside North America, planned for London.

Danish furniture retailer JYSK is to enter the Irish market for the first time, targeting the opening of its first stores in the country in under a year from now.

A furniture retailer owned by a Turkish industrial giant has opened its first store in the North, adding to its two London shops.

westElmTCR May 2018
UK sales were up double-digit for West Elm, whose UK stores include its TCR flagship
West Elm, which has three UK stores and sells on a wholesale basis through John Lewis, made revenue gains here in the first quarter of its 2018–19 financial year.

Half-year sales climbed for Habitat outside the UK as its foreign rights holder said it was focusing operations in Central and Western Europe.

Julie Walbaum will this summer succeed Gilles Petit as CEO at Maisons du Monde, the fast-expanding furniture and home décor retailer building a presence in the UK and other markets worldwide.

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Modani's showroom in San Francisco, California
Maisons du Monde is acquiring a majority stake in U.S retailer Modani, catapulting the European furniture and accents retailer into the North American market for the first time.

Former chairman looks to recover investments following collapse in the conglomerate's stock market value.

Steinhoff International says a portfolio numbering 140 properties across Europe is worth half of the amount previously stated by the group.

The head of the audit firm probing problems with Steinhoff's accounts says it could take all year before its report is finished.

maisonsDuM Debs
Maisons du Monde is partnering Debenhams; Image supplied
French retailer Maisons du Monde is to open its first physical UK stores with three studios inside department store chain Debenhams.

Danish furniture conglomerate JYSK will today (Mar. 1) enter its 50th market worldwide with a franchisee-run store opening in Dubai.

Steinhoff International Holdings has appointed former KPMG global head of restructuring Richard Heis to the newly-created chief restructuring officer role.

Alibaba Group Holding is to invest 5.45 billion yuan (£623m) for a minority stake in China's second largest chain of furniture and home improvement shops.

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Lars Larsen, owner of the Lars Larsen Group
Lars Larsen Group, owner of furniture chains JYSK and ILVA, says it had its best ever year in 2016–17, with pretax profits up 20 percent to 3.4 billion Danish kroner (£377m).

Conforama, the Steinhoff-owned furniture and electricals retailer, is to sell its 17 percent stake in flash sales business Showroomprivé to retail giant Carrefour, at nearly half the price it bought the shares for under a year ago.

RH Toronto Canada
RH stores are spectacular; its new 70,000sqft. Toronto gallery is pictured
RH, formerly known as Restoration Hardware — and one of the biggest furniture retailers in the world — has identified the location for what it hopes will become its first store in Britain.

The retail giant behind the West Elm, Pottery Barn and Williams-Sonoma brands is stepping up its ecommerce capability after buying a tech startup in a deal worth $112 million (£85m).

Third quarter sales growth accelerated for French furniture and décor retailer Maisons du Monde, stirred by a leap in revenue for its fast-expanding international business.

WEST Elm's second UK store—revealed by The Furnishing Report a week ago—will be located in the Bentall Centre in Kingston, the company has announced.

THE INTERNATIONAL rights holder to the Habitat retail business has moved to resolve supply chain issues that have hit turnover this year.

WILLIAMS-Sonoma, Inc. has hired Ryan Ross as leader of its Rejuvenation retail brand. He was formerly director of Harrods Direct, in London.

MULTI-fascia store to open this October for West Elm, Pottery Barn and Pottery Barn Kids.

MODERN furniture company Silvera has opened its first UK showroom with a 5,244sqft. space at Kings Road, London.

AMERICAN furniture retailer Crate & Barrel has appointed the former head of Tesco's General Merchandise business as its new CEO.

westElmThumbTRENDY American furniture retailer West Elm said the rollout of mini-studios in John Lewis helped it gain momentum as global sales grew last year.

SALES reach 1.52 billion euros

RECORD sales for the Danish furniture conglomerate

SCOTTISH investor remains its only British link



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