multiyorkTottenhamCourtRd
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.

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.

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.

bqCribbs
Kingfisher, owner of B&Q, has a new chief executive.
Kingfisher, owner of home improvement giant B&Q, has named the head of French supermarket conglomerate Carrefour's Asia business as successor to outgoing CEO Véronique Laury.

oakFurnitureLandFasc
Oak Furnitureland has about 100 U.K. stores and is the market leader in solid hardwood furniture sales.
Competitors hoping to pore over the finances of Britain's biggest hardwood furniture retailer could face a potential wait after Oak Furnitureland pushed out its latest year-end.

Crate and Barrel, the European-owned furniture retailer with stores across the U.S., has bought Hudson Grace, a boutique home décor, entertaining and gift brand based in San Francisco.

John Lewis posted its highest grossing full week of the year to date but year-on-year sales still declined with home goods among the fallers in the seven days to June 22.

CarpetrightGuildford
Carpetright sells beds in nearly 200 stores, making it one of the biggest sellers of mattresses in the U.K.
Bed sales dropped more than a quarter as the category proved troublesome for the recovering Carpetright retail chain in 2018–19.

jacobBrunsborg
Lars Larsen Group's new chairman Jacob Brunsborg.
Lars Larsen, chairman of the eponymous furniture group that owns global companies including JYSK, ILVA and Actona, is stepping down as chairman. His son, Jacob Brunsborg, is to succeed him with immediate effect.

sharpsFasc
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.

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.

The conglomerate behind the West Elm furniture retail brand has identified key markets for its international expansion programme, with Western Europe and existing territories such as the U.K. among them.

Balance sheet boost for privately-owned Kent furniture retailer.

dunelmCorp
Dunelm says out-of-the-ordinary weather helped trade.
Furniture and homewares retailer Dunelm Group says profits will be higher than analysts' expectations after the weather helped boost late spring trade.

parlaneMothCushions2019
Parlane is among the U.K.'s largest home accents and décor wholesalers.
Parlane International, the home accents company acquired by designer, manufacturer and distributor Gallery Direct earlier this year, is to clear £2 million of stock ahead of a warehouse move.

BensonsHarveysPW Cr
Steinhoff owns both the Harveys and Bensons for Beds businesses.
Customer confidence in the Bensons for Beds and Harveys retail chains was negatively impacted by the noise surrounding their owner, parent company Steinhoff said last night.

Losses at Steinhoff's U.K. household goods division deepened in 2017–18, the period that took in the disclosure of accounting irregularities at its parent company.

Home sales advanced for the second straight week at John Lewis & Partners as total revenue across the chain advanced to a 20-week high.

Diversified distributor Supreme Imports has acquired lighting retailer LED Hut in an insolvent buyout brokered by administrators at KPMG. The deal safeguards 30 jobs.

wesleyBarrellManc
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.

Internet furniture retailer books six-figure profits for second year in a row as it reverses earlier deficits.

aldissNorwichFakenhaminset
Aldiss' Norfolk stores at Norwich and (inset) Fakenham.
Profits climbed at Norwich and Fakenham furniture retailer W.J. Aldiss after a strong order book going into the period helped deliver a return to top line growth.

Privately-owned retailer Fairway Furniture, which operates stores across southwest England, said depressed consumer demand resulted in intense price-led competitive pressures in 2018–19.

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.

Home goods distributor Sabichi Homewares booked bigger profits after a fall in the cost of sales outpaced a dip in revenue for the year to October 31, 2018.

yorkshireLinen
The Yorkshire Linen Company traded from stores across the North.
A landlord-only CVA agreed earlier this year wasn't enough to save the erstwhile 27-store bedding and soft furnishings chain Yorkshire Linen, which has ceased trading following the appointment of administrators.

The liquidation of a Yorkshire lighting and home accents business operating under a variety of retail brands leaves consumers facing a fight to recover funds.

RH NewYork
RH operates from huge stores, which it calls galleries, such as this one in New York's historic meatpacking district.
A first London gallery for high-end American furniture retailer RH, formerly known as Restoration Hardware, could move a step closer with executives due to cast their eye over a series of properties in the weeks ahead.

boyesOffic
Boyes trades from stores largely located across Yorkshire, northeast England and the East Midlands.
Narrower gross margin and a property impairment charge offset the impact of higher sales at value department store chain Boyes in 2018–19.

Former chief executive at furniture and homeware retailer joins board of Steinhoff in CFO post.

North West kitchen furniture maker, retailer and installer Earle & Ginger has completed a prepack restructure that secures the future of the brand, customer orders and jobs but leaves creditors facing a six-figure shortfall.

John Lewis & Partners is to create a single home improvement services division by integrating a company it bought in a prepack last year with its existing Home Solutions business.

Danish furniture retailer JYSK says it wants to break the £20 million sales barrier in the U.K. after targeting 30 percent revenue growth here this year.

johnLewisCorporateJune2019
John Lewis' Oxford Street store.
Home sales returned to growth at John Lewis & Partners last week as the department store mutual enjoyed strong seasonal sales in the run-up to Father's Day.

North West living, dining and bedroom furniture source Heritage Furniture has appointed experienced industry executive Tony Divito as sales agent.

Privately-owned prestige furniture and lifestyle brand Neptune recorded higher sales again in 2017–18 but profits declined on narrower margins.

relyonFW
Pritex is located alongside Relyon at Wellington, Somerset.
Steinhoff has sold its diversified acoustic insulation, foam and fibre business Pritex in Somerset to the French headquartered industrial conglomerate Saint-Gobain.

20-year IKEA veteran Sara Del Fabbro has been named chief executive of the retail conglomerate's business for the South East Europe region.

debenhamsCorporate
With one exception, furniture creditors backed Debenhams' CVA proposal.
Furniture industry creditors including one of the U.K.'s biggest independent retailers overwhelmingly backed Debenhams' company voluntary arrangement (CVA) last month with one predictable dissenting voice, new statutory filings disclose.

hafeleRugby
Hafele U.K.'s Rugby premises. Image: Google
The British arm of furniture fittings and hardware company Hafele maintained profits just north of £11.1 million last year as price management and cost control helped counter challenging trading conditions.



TO READ THE FULL STORY: