CollinsHayeshqCREDITORS of Collins and Hayes are being asked to back a CVA proposal that will eliminate a chunk of the heritage sofa maker's unsecured debt.

SALES decline worldwide, though UK stores deliver growth; Italian company accrues extra €9.3 million in legal provisions following "unfortunate" court ruling

THE FIRST inclusion of figures from Man Wah's Europe-based sofa production interests offset a decline in wholesale revenues to Europe from its Far East factories.

fabbNottFURTHER seven-figure shareholder investment in emerging upholstery retail business Fabb Sofas

UPHOLSTERY source La-Z-Boy has given additional responsibility to the executive behind its UK and Ireland brand rights acquisition as part of a wider management restructure.

italianSofaDEMAND for Italian-made sofas softened the impact of a first fall in Polish Q1 upholstery imports into Britain since the financial crash of 2008.

sofaFrameCOLNE sofa maker and distributor Furnico posted double-digit revenue growth ahead of the licensing agreement to sell La-Z-Boy goods ending at the turn of the year.

stresslessAdFOLLOWS promotion of existing md James Tate to CEO at sister brand IMG. Summer-long transition planned

stresslessAdBRITISH and Irish revenues declined double-digit for Stressless brand owner Ekornes ASA in the three months to end March but order receipts held firm.

htlSofaLEATHER sofas giant—which has major U.K. furniture retail distribution—was sold to a China-based furniture conglomerate last year.

buoyantUpholsteryMAJOR U.K. sofa maker Buoyant said underlying sales climbed last year, but total output fell on the loss of two high-profile customers.

sofaFrameUPHOLSTERY imports into Britain were down nearly 7 percent in February on lower demand for goods from the two largest trading partners.

UPHOLSTERY group owns G Plan, Duresta and Parker Knoll businesses

PROFITS closer for Italian upholstery vertical

CollinsHayeshqINTERVIEW with FD at heritage sofa maker, who says he is aware of negative speculation in the market as the business targets turnaround under new owner

FULL year revenue up for Cheers recliner brand owner

polishUpholsteryUPHOLSTERY imports to the U.K. advanced 8.4 percent in January with European factories providing all the growth, chiefly Poland.

CollinsHayeshqUPDATE on finance and management at heritage Sussex sofa maker Collins and Hayes

alstonsFactoryPROFITS jumped 50 percent in 2016 for Thailand Carpet Manufacturing Plc, backer of U.K. sofa companies Alstons and DM Midlands.

UPHOLSTERY source Ekornes ASA said U.K. revenue advanced 2.1 percent in the final three months of 2016, but remained down for the year.

Chinese furniture importsSOFA imports to the UK rose in double-digits across the whole of 2016, though growth in December was slower.

UPHOLSTERY maker and retailer says it wants to control the entire value chain and get closer to the end user

GuildSofComUPHOLSTERY maker and retailer Sofa.com is to expand its Home Counties retail presence with a first showroom in Surrey.

SofaChairCoLondOPENING of new 100,000sqft. London showroom and warehouse opens up consumer potential for luxury £15.9 million sofa maker

FabbHedgeEDINBURGH store confirmed, as The Furnishing Report revealed last July

gPlanHERITAGE sofa brand appoints new sales director, well known to many of its independent and national customers

AshwoodDesREVENUE jumped by around half for the second straight year at Aberdare upholstery manufacturer Ashwood Designs in 2015–16.

polandSofaThUPHOLSTERY shipments rose 16 percent on November 2015 and are up double-digit on a year-to-date basis; Exports boom on Irish demand

JDPWellStUPHOLSTERY group JDP Furniture posted sales up 3.8 percent in 2015–16, with higher sales at both of its main trading subsidiaries.



TO READ THE FULL STORY: