Wholesale, Distribution & Logistics
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- SUPPLY & WHOLESALE
One-off costs settling a Competition and Markets Authority (CMA) price probe hit profits at the group behind Oxfordshire supplier Där Lighting last year.
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- SUPPLY & WHOLESALE
Restructuring advisors say they accepted the offer from newco Kettle Home for the assets of Kettle Interiors U.K. only yesterday (Mar. 29, 2023) after what it described as an open marketing process that attracted significant interest from here and abroad.
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- RETAIL & DISTRIBUTION
The buildout of the Soho Home retail and wholesale brand in the U.K. saw it rack up a large seven-figure profits turnaround as activity ramped up through the pandemic period.
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- SUPPLY & WHOLESALE
Sanderson Design Group has agreed a licensing agreement with J Sainsbury that will see the supermarket group's Habitat brand develop a wide range of products in collaboration with the Morris & Co. and Scion brands.
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- SUPPLY & WHOLESALE
Newly-formed company Kettle Home is the new owner of assets including intellectual property and inventory after wholesaler Kettle Interiors U.K. was placed into administration last Friday.
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- SUPPLY & WHOLESALE
Living, dining and bedroom furniture supplier Teemo has appointed former Made.com general manager Kevin Guillaume as chief operations officer Southeast Asia.
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- SUPPLY & WHOLESALE
Furniture wholesaler Kettle Interiors U.K. has been placed into administration with all 126 of its employees made redundant, restructuring advisors have confirmed.
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- SUPPLY & WHOLESALE
A court has handed West Midlands cabinet, mattress and bedframe importer and wholesaler Serene Beds and Furniture another ten days to reorganise its affairs.
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- ECOMMERCE
The managed wind down at South Yorkshire ready-to-assemble cabinet manufacturer Addspace Furniture has had knock-on effects for a co-controlled ecommerce retailer.
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- SUPPLY & WHOLESALE
Stakeholders in wholesaler Kettle Interiors U.K. are working to complete a restructuring process that will secure the future of the Corby based furniture supplier.
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- BEDS & MATTRESSES
A seven-figure vendor of mattresses, divans, headboards and bed sets on the Amazon marketplace platform has a new shareholder following ownership adjustments.
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- FLOORCOVERINGS
A South East floorcoverings supplier filed a second notice of intent to appoint an administrator on Tuesday as stakeholders closed in on an apparent restructure.
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- SUPPLY & WHOLESALE
The U.K. subsidiary of Swiss-owned upmarket outdoor furniture brand Gloster maintained high six-figure profits in the year to December 31, 2022, new accounts reveal.
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- SUPPLY & WHOLESALE
Sanderson Design Group says it is committed to protecting its interests ahead of a hearing next month regarding an intellectual property dispute with Waltham Forest Council.
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- UPHOLSTERY
Board change comes as planned following a management buyout two years ago.
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- BEDS & MATTRESSES
Harrison Spinks Beds is upgrading its U.S. stock programme with a Los Angeles distribution centre leased in partnership with logistics specialist Rhenus Group. The move will help it drastically cut lead times.
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- SUPPLY & WHOLESALE
The near-term future of West Midlands beds and cabinet furniture distributor Serene Beds and Furniture is uncertain after a court filing on Monday.
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- CASE GOODS
The value of case goods imported into the U.K. fell to its lowest level in 18 months at the beginning of 2023 after overstocked distributors and retailers put the brakes on orders last autumn.
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- BEDS & MATTRESSES
Foam and sprung mattress imports into the U.K. fell high single-digits in January as a result a weaker figures from all three of the habitually largest origin countries.
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- UPHOLSTERY
Upholstered furniture imports cratered at the start of 2023, reflecting a combination of weak demand in the autumn when orders were placed, along with full warehouses across the U.K.
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- BEDS & MATTRESSES
Naturalmat, the Devon manufacturer and retailer of mattresses and bedding made from organic materials, maintained profitable momentum last year as it invested online and in people.
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- BEDS & MATTRESSES
Shareholder equity at mattress company Dormeo U.K. was wiped out through the second part of the pandemic ahead of its business and assets being sold to a supplier for £800,000 last month.
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- SUPPLY & WHOLESALE
British furniture manufacturers made a positive start to 2023 with output climbing compared with January last year. December figures have also been revised upwards.
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- SUPPLY & WHOLESALE
Pine and hardwood cabinet furniture distributor Devonshire remained profitable through 2021/22 as wider gross margin helped mitigate lower output.
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- SUPPLY & WHOLESALE
Britain's largest flooring wholesaler says it wants to grow its business with larger retail and trade customers by more than £100 million over the next five years.
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- FLOORCOVERINGS
A North West flooring and wall tile company has folded with seven-figure debts after a late 2020 company voluntary arrangement (CVA) agreement with creditors failed to complete.
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- SUPPLY & WHOLESALE
The shutdown of the U.K. arm of Sweden-headquartered furniture brand Rowico is entering its final stages as restructuring advisors clear the last of its remaining inventory.
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- FLOORCOVERINGS
A Walthamstow flooring company has folded leaving more than a dozen carpet, wood and vinyl suppliers owed five-and-six-figure sums.
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- BEDS & MATTRESSES
Major direct-to-consumer mattress business Dormeo U.K. has traded continuously through an insolvent restructure after a diversified international bed industry supplier came to its rescue.
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- BEDS & MATTRESSES
Mattress and bedding manufacturer Duvalay has expanded into the baby sector after buying cot mattress specialist Nursery Connections out of administration.
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- TRADE & INDUSTRY
The Furniture & Home Improvement Ombudsman, (FHIO) has appointed four new new members to its Standards Board including key officials from major retailer DFS, Tapi Carpets & Floors, and B&Q.
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- SUPPLY & WHOLESALE
East Midlands furniture importer and distributor Birlea has introduced a new price list with reductions of an average 11 percent across its entire product roster.
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- BEDS & MATTRESSES
Insolvency practitioners at the London and Manchester offices of Mazars are handling the insolvency of Dormeo U.K., the circa £40 million mattress company placed into administration last week.
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- SUPPLY & WHOLESALE
Shipping pressures and dealing with the aftermath of the pandemic meant last year was the most challenging yet, according to bedroom furniture and upholstery distributor Furniture Wholesale Group (FWG).
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- UPHOLSTERY
Rising input costs countered an improvement in underlying demand at the U.K. upholstery factory acquired by U.S. furniture giant La-Z-Boy in the first financial period since its autumn 2021 buyout.
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- UPHOLSTERY
Consumers who bought sofas sold by Mark Harris Furniture that do not comply with U.K. flammability regulations are to be contacted directly by restructuring advisors after the company was placed into administration last week.
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- UPHOLSTERY
Darren Baird and Joseph Baggott have joined upholstered furniture manufacturer Ashwood Designs as operations director and finance director respectively.
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- SUPPLY & WHOLESALE
The Vita Group says it has doubled staff headcount and increased production four-fold at the foam manufacturing plant it acquired from sofa maker Natuzzi in the two years since the takeover was announced.
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- SUPPLY & WHOLESALE
Retail giant Next and Sanderson Design Group (SDG) have agreed a licensing tie-up for the latter's Clarke & Clarke brand that will see its product range diversify into new categories including furniture.
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- FLOORCOVERINGS
Martin Peace, an until-now near constant presence at major carpet supplier Abingdon Flooring in the decades before and after it became part of the Victoria group, has retired.
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- BEDS & MATTRESSES
The Chinese conglomerate behind the Mlily mattress and bedding brand says it was profitable again in 2022 thanks to manufacturing efficiencies and an improved situation in Europe following the pandemic.
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- SUPPLY & WHOLESALE
A West Midlands interior design company that created interiors for show homes across new-build developments has folded leaving a large tax liability.
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- BEDS & MATTRESSES
Mattress supplier Dormeo U.K. is on the verge of completing a restructuring process after it filed a notice of intent to appoint an administrator (NOI) late last week.
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- SUPPLY & WHOLESALE
Exports of core furniture categories including upholstery, beds and cabinets reached all-time high levels in 2022, breaking a record that had stood for the past four years.
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- FLOORCOVERINGS
Mohawk Industries, the world's largest floorcoverings supplier, said all of its European flooring categories experienced significant volume declines in the fourth quarter as customers cut back spending.
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- BEDS & MATTRESSES
The value of foam and sprung mattress imports into the U.K. was close to flat in December after an increase in the value and volume of goods crossing the Irish Sea compensated for weakness elsewhere.
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- UPHOLSTERY
The value and volume of Chinese sofa shipments to the U.K. declined at the end of the year as buyers continued to turn to alternative manufacturing sources closer to home.
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- FLOORCOVERINGS
U.K. importers bought 12 million sqm of carpets and rugs into the country in December as volume growth returned after four straight year-on-year declines.
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- BEDS & MATTRESSES
Kent bed maker Sleepeezee has diversified its product roster with the launch of a premium-pitched bedding line in partnership with Sleepsense International, the sleep accessories company.
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- BEDS & MATTRESSES
James Keen, the chief executive of Hypnos Beds, has been elected to the board of the British Furniture Manufacturers (BFM), the trade association representing the interests of furniture makers.
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- FURNISHINGS & ACCENTS
Restructuring advisors have detailed the terms of an asset-only deal for the £52.5 million turnover business that sold Sleepdown branded bedding in the U.K. on retail marketplaces such as Amazon.
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- RETAIL & DISTRIBUTION
The majority of the shares in XDP, one of the go-to providers for U.K. retailers selling flatpack furniture kits and other small parcel deliveries, have passed to the next generation.
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- RETAIL & DISTRIBUTION
JYSK has fired up a new partnership with online logistics marketplace AnyVan designed to boost its customers' ability to get big-ticket items delivered to their homes in as little as 24 hours.
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- SUPPLY & WHOLESALE
Alan Sweeney has stepped down as Alfrank Designs CEO after almost 17 years to launch a new agency and sourcing business with one of Ireland's leading furniture buyers. He will continue to work with the dining and occasional furniture supplier on a part-time basis.
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- SUPPLY & WHOLESALE
Restructuring advisors handling the insolvency of the U.K. arm of bedroom and dining resource Rowico say they are clearing inventory following their appointment last month.
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- SUPPLY & WHOLESALE
The U.K. future of international bedroom and dining furniture resource Rowico is unclear after its wholly-owned business unit here was placed into the hands of restructuring advisors late last month.
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- RETAIL & DISTRIBUTION
A regional logistics company offering services including white-glove two-man furniture deliveries has been placed into the hands of restructuring advisors.
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- UPHOLSTERY
Fabrics supplier Blendworth International more than doubled its turnover through Covid after pivoting to making personal protective equipment (PPE) for the NHS. But the abrupt termination of a five-year contract started a spiral towards insolvency.
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- SUPPLY & WHOLESALE
Profits left in the company advanced again for Northern Ireland based dining furniture wholesaler World Furniture (NI) last year as the supplier continued to build value.
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- FLOORCOVERINGS
Flooring conglomerate Karndean has acquired Dutch Luxury vinyl tile (LVT) contemporary mFLOR International in a deal that bolsters its presence in mainland Europe.
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- EVENTS
Organisers have launched the pre-registration process for this year's London Fabric Show, which takes place at the ILEC Conference Centre, Earls Court on February 28 and March 1.
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- CASE GOODS
The closure of a 13-store kitchens vertical late last year has left its South Yorkshire owner with little prospect of recovering a seven-figure debt that was a hangover from its takeover nearly seven years ago.
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- SUPPLY & WHOLESALE
Decorative lighting supplier Searchlight Electric built stock levels and maintained healthy cash reserves on new borrowing last year against a difficult trading backdrop.
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- SUPPLY & WHOLESALE
Weaker-than-expected sales and higher costs impacted pro-rata trading profits at the trade and direct home shopping bedding, home textiles and soft furnishings supplier Rapport Home last year.
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- UPHOLSTERY
Industry-wide supply chain issues resulted in operational challenges and a downturn in margin as profits tumbled for upholstered furniture supplier La-Z-Boy U.K. last year.
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- FLOORCOVERINGS
Staffordshire floorcoverings group Brookvale grew profits last year as revenue climbed by nearly a third across its regional distribution network.
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- UPHOLSTERY
Direct-to-consumer and wholesale upholstery brand Sofacompany booked high profits despite margins taking a knock from the after-effects of Covid last year.
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- ECOMMERCE
Ecommerce furniture retailer Swoon Editions is free of secured debt after it discharged in full its obligations to an invoice finance provider that provided funding after a restructuring over three years ago.
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- RETAIL & DISTRIBUTION
The wholly-owned U.K. store network of high-end French furniture company Roche Bobois delivered faster revenue growth than any other of its major global markets last year.
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- SUPPLY & WHOLESALE
The principal U.K. arm of global office furniture manufacturing giant Herman Miller booked smaller profits here last year as higher staffing and material costs outweighed the impact of rising sales.
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- FLOORCOVERINGS
The three largest regional distributors of a Staffordshire based floorcoverings and flooring supplies wholesale group operating across England, Scotland and Wales all delivered big growth last year.
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- SUPPLY & WHOLESALE
Contemporary housewares supplier Joseph Joseph Group booked record sales last year as its international business gained further traction.
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- SUPPLY & WHOLESALE
Factory gate furniture price inflation climbed at the end of last year though raw material and input cost data augurs more promisingly, with that rate falling to its shallowest level since the spring of 2021.
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- UPHOLSTERY
Furniture group Actona has revealed it paid well above book value for the takeovers of European sofa producers SITS and Theca last year in deals that made it one of the world's largest upholstery producers.
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- SUPPLY & WHOLESALE
Revenue climbed by more than a third at British homewares and lifestyle brand Sophie Allport ahead of it appointing a new CEO to elevate the business to another level.
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- SUPPLY & WHOLESALE
The reopening of the hospitality industry boosted textiles manufacturer and distributor Richard Haworth, one of the largest U.K. suppliers of filled bedding and soft furnishings to the sector.
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- LEGAL & RESTRUCTURING
Turnaround firm Antony Batty & Company lined up as a potential restructuring advisor at small cabinet producer.
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- BEDS & MATTRESSES
Jim Gerety is to retire as managing director at Vispring, the Devon bed manufacturer has announced. Operations director Chris Harrison is also retiring.
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- SUPPLY & WHOLESALE
High value lighting, furniture and accents supplier Porta Romana booked adjusted profits of £4.1 million in the year to April 30, 2022 on all-time high revenue.
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- SUPPLY & WHOLESALE
A South West based logistics company whose services include two-man white glove delivery on behalf of big-ticket customers has filed a notice of intent to appoint an administrator (NOI).
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- INTERNATIONAL
Underlying profits reached record levels at Danish furniture retail, supply and investment conglomerate Lars Larsen Group (LLG) last year fuelled by organic growth and acquisitions.
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- RETAIL & DISTRIBUTION
A prominent online furniture brand with a co-owned wholesale arm supplying other retailers has launched a product recall for upholstered sofas and armchairs that do not meet the U.K. flammability regulations.
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- SUPPLY & WHOLESALE
Import volumes of wood living, dining and bedroom cabinet furniture have now trended lower in every month since March last year, according to new figures.
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- RETAIL & DISTRIBUTION
DFS Group has expanded its supply chain partnership with Wincanton, agreeing a new three-year deal that builds on an existing collaboration for the Dwell furniture brand to additionally include other non-sofa products.
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- UPHOLSTERY
Upholstered furniture import volumes declined again on the back of continued weak data from China, the largest source of overseas-made sofas sold in the U.K.
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- SUPPLY & WHOLESALE
Indian Ocean founder Jamie Hobbs is stepping down as managing director to focus on design and strategy. The high-end outdoor furniture company has appointed commercial director David Mahony to be his successor.
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- BEDS & MATTRESSES
The value of mattress imports jumped by nearly a third in November as volume growth also returned for the first time since the summer of last year.
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- FLOORCOVERINGS
Former DFS chief marketing and commercial officer Toni Wood has taken another C-suite role in the U.K. furnishings sector after joining Headlam Group as chief customer officer.
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- FLOORCOVERINGS
U.K. importers bought 13.1 million square metres (sqm) of carpet into the country in November as volumes declined for the fourth month in a row.
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- SUPPLY & WHOLESALE
Likewise Group will add further infrastructure in the first half of this year with new distribution facilities in the South East of England and Scotland.
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- SUPPLY & WHOLESALE
The md of Ercol Furniture [ercol] says the Buckinghamshire manufacturer remains focused on further building U.K. production after it returned to profit in 2021 and maintained that level last year.
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- INTERNATIONAL
A wholly-owned U.K. arm of French furniture brand Ligne Roset built on a first profit in five years with a second straight gain in the year to September 30, 2022.
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- UPHOLSTERY
Former Tetrad owner and md Janus Cooper will join longtime colleagues Nick Murphy and Annabel Simmons as they introduce the Encore Sofa Company to a widespread trade audience for the first time this month.
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- SUPPLY & WHOLESALE
Birlea Furniture says the first Disney furniture and home ranges since it agreed an exclusive U.K. and Ireland distribution deal are due to be in stock early February.
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- TRADE & INDUSTRY
The number of furniture, flooring and furnishings companies filing for insolvency climbed to the highest level since records began in 2022 as demand tailwinds receded and Covid-support measures fell away.
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- SUPPLY & WHOLESALE
Furniture wholesaler Julian Bowen has appointed Jason Hillier to cover sales in London and the South East of England.
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- BEDS & MATTRESSES
Airsprung says it is in the process of financially leveraging surplus land and buildings owned by the diversified beds and upholstery group at its Wiltshire headquarters.
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- BEDS & MATTRESSES
The principal U.K. subsidiary of global mattress innerspring maker Leggett & Platt (L&P) benefitted from higher sales and lower costs as it landed bumper profits, new accounts show.
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- FLOORCOVERINGS
Mears Flooring, one of the best-run privately-owned companies in the floorcoverings sector, maintained its double-digit net margin amid profitable growth last year.
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- FURNISHINGS & ACCENTS
A digital challenger bank and the taxman have been left nursing significant debts following the insolvency of a rugs wholesaler based in the South East of England.
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- SUPPLY & WHOLESALE
Living, dining and bedroom wholesaler Balmoral Furniture booked higher profits last year as revenue increased and margin widened as a result of fewer restrictions.
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- BEDS & MATTRESSES
Adjusted profits inched forward at West Yorkshire mattress manufacturer Highgrove Beds last year as single-digit sales growth and wider gross margin countered rising overheads.
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- FLOORCOVERINGS
A leading rug and mat manufacturer and distributor that has historically sold through retailers such as John Lewis and Dunelm invested and maintained high profits last year on underlying growth.
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- FLOORCOVERINGS
The combined book value of rug wholesaler Asiatic Carpets and its co-owned property companies climbed by almost £10 million last year as profits increased and real estate was revalued upwards.
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- UPHOLSTERY
West Yorkshire upholstered furniture distributor Scan-Thors (UK) said the acquisition of new production facilities in mainland Europe has helped provide surety of supply and negate input cost pressures.
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- SUPPLY & WHOLESALE
Revenue climbed by more than half for North East living, dining and bedroom cabinet distributor Baker Furniture through 2021/22 as it yielded the early benefit of its new distribution centre.
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- SUPPLY & WHOLESALE
The outlook for foam availability and pricing will be pegged to three main pillars through 2023, according to the trade association representing suppliers of polyurethane slabstocks used by the mattress and upholstery industry.
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- SUPPLY & WHOLESALE
Fabrics group Panaz said the decision to diversify its existing supply chain led to more flexibility on cost and helped to shield it from geopolitical risk.
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- SUPPLY & WHOLESALE
Major U.K. lighting supplier Cascade says its target for the year ahead is liquidity rather than profit after a period in which it encountered cost headwinds.
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- SUPPLY & WHOLESALE
Designer Contracts, the £41 million supplier to the U.K. new build interiors sector, says it has improved and simplified its furniture and lighting packs for customers looking for turnkey solutions.
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- SUPPLY & WHOLESALE
Furniture wholesale group Seconique built year-end stock levels by more than £8.5 million in a trading period pockmarked by supply chain challenges.
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- SUPPLY & WHOLESALE
The start of the final quarter saw living, dining and bedroom cabinet shipments climb for the first time in four months as U.K. buyers found alternatives to China.
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- UPHOLSTERY
Upholstered furniture imports into the U.K. climbed at the start of the final quarter of 2022 despite continued sluggish figures from China.
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- FLOORCOVERINGS
The value of carpet imported into the U.K. climbed for the second straight month in October but volumes continued to slide.
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- UPHOLSTERY
G Plan is collaborating with British furniture restorer and television presenter Jay Blades for an upholstery and cabinet collection designed to take the brand to a wider customer profile.
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- CASE GOODS
The South Yorkshire cabinet maker behind the Spaceslide and Spacepro bedroom furniture brands is not impacted by the insolvency of the kitchen retail business it bought six years ago.
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- FLOORCOVERINGS
Mohawk Industries, the world's largest flooring company, found top and bottom line growth at its largest U.K. business unit last year as it integrated the buyout of a Cambridgeshire wholesaler.
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- UPHOLSTERY
West Midlands supplier to the U.K. upholstered furniture manufacturing sector books strong profits.
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- SUPPLY & WHOLESALE
Vida Living, one of the largest suppliers of furniture to the U.K. market, found big sales growth last year but profits declined as rising input costs meant gross margin narrowed.
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- DEALS & FINANCE
An alternative finance provider to dozens of furniture industry enterprises could follow its parent company into administration according to a new court filing.
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- UPHOLSTERY
Upholstery and curtain fabrics wholesaler Fryett's booked larger profits through 2021/22 as the easing of Covid restrictions aided demand for its products.
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- BEDS & MATTRESSES
Direct-to-consumer and wholesale mattress company Emma Sleep is being investigated by the U.K.'s antitrust regulator over concerns some of its online sales practices may have breached consumer law.
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- BEDS & MATTRESSES
Spring maker Wolf Components will assemble its pocket units utilising polymer-based glue from the start of 2023 in a move it says will deliver significant recyclability improvements.
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- LEGAL & RESTRUCTURING
A South East courier company offering next-day parcel delivery including bulky items such as furniture flatpacks has filed a notice of intent (NOI) to appoint administrators.
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- DEALS & FINANCE
The East of England furniture holding company that acquired a chunk of a longtime Argos flatpack furniture supplier earlier this year has revealed the financial terms of the transaction for the first time.
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- FLOORCOVERINGS
Flooring conglomerate Victoria posted a stronger top and bottom line in the six months to October 1, 2022 but saw cash levels decline as a result of debt pay-down, acquisitions, capex and an operating cash outflow.
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- FLOORCOVERINGS
The cost of living crisis is suppressing demand for floorcoverings among U.K. consumers according to wholesale giant Headlam, but it said gains elsewhere would aid profits.
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- SUPPLY & WHOLESALE
Furnishing fabrics and wallpaper supplier Osborne & Little repaid almost £3 million of debt and doubled group profits through 2021/22 as it kept a lid on costs as custom returned.
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- RETAIL & DISTRIBUTION
Eight furniture, bed and flooring industry enterprises have been named among the best companies to work for in Britain according to a closely-followed list spanning all U.K. industry.
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- FLOORCOVERINGS
Flooring wholesale group Headlam has recruited from outside the home sector for its new chief financial officer, bringing an eight-month recruitment process to a close.
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- UPHOLSTERY
Man Wah Holdings, the world's largest recliner company, booked higher profits in the six months to end September despite geopolitics impacting its manufacturing business in Europe.
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- SUPPLY & WHOLESALE
Greenapple Systems, which was at the vanguard of the supply of glass furniture into the U.K. retail market, has completed a solvent shutdown of the business following a decision to close made last year.
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- SUPPLY & WHOLESALE
ScanCom International, the Scandinavian outdoor furniture manufacturer with offices in countries including the U.K., found profit growth despite production challenges in the past year.
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- DEALS & FINANCE
U.K. sofa and bed makers will continue to be able to buy foam from three major sources after the regulator here agreed Carpenter could buy Recticel's engineered foam unit, but only if the bulk of the British business is sold.
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- BEDS & MATTRESSES
Emerging manufacturing markets helped mattress imports into the U.K. continue to rise in September despite weaker figures from more established sources.
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- RETAIL & DISTRIBUTION
Consumer price inflation for household furniture eased to its lowest reading in 10 months in October but remains at a historically elevated level.
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- SUPPLY & WHOLESALE
Designer furniture maker Carl Hansen & Søn has begun a consultation with factory workers in its homeland ahead of planned redundancies as it adjusts to weaker consumer demand.
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- UPHOLSTERY
Soaring inflation on overseas-made goods wasn't enough to prevent a first slide in the value of sofa imports in 20 months at the end of the third quarter. It followed weaker demand, with China bearing the brunt.
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- SUPPLY & WHOLESALE
Two key supply chain partners to the U.K. furniture industry relied on new business wins for growth as they called out weaker trading conditions in big-ticket categories.
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- UPHOLSTERY
The upholstery group that owns Ashley Manor, Alstons, AMX Design and Alexander & James slipped to a third quarter net loss on lower demand, higher costs and the weaker pound.
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- UPHOLSTERY
The group behind the Stressless and IMG furniture brands booked lower revenue in the U.K. and Ireland in the third quarter as demand softened. Year-to-date numbers remain well ahead.
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- SUPPLY & WHOLESALE
Profits almost trebled for North West supplier Hill's Panel Products through 2021/22 as the key supplier to the fitted furniture sector negotiated upstream challenges.
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- SUPPLY & WHOLESALE
Furniture conglomerate Actona Group says it has given the vast showroom at its Danish headquarters an extreme makeover as part of plans to make every visit by trade customers an experience.
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- SUPPLY & WHOLESALE
A survey of leading British furniture manufacturers has laid bare the impact of rising production costs on their businesses, with many now struggling to turn a profit.
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- DEALS & FINANCE
Longtime md Simon Blackley has led a management buyout (MBO) of John Spencer (Textiles) and Ian Mankin, the two subsidiaries of weaving and fabrics group Ashfield Mill Company.
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- SUPPLY & WHOLESALE
Furniture wholesaler Kettle Interiors has paid tribute to its founder John Kettle, who died Saturday, November 5, aged 73.
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- SUPPLY & WHOLESALE
Panaz Holdings has promoted Nadeem Memon to group chief financial officer with responsibility for the fabrics and furnishings group's expanding roster of business units.
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- SUPPLY & WHOLESALE
The owner of home and giftware importer Lesser & Pavey found big revenue growth in the past year but underlying profits were hit by skinnier margins.
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- TRADE & INDUSTRY
The British Contract Furnishing Association (BCFA) has changed its name to Commercial Interiors UK with its full rebrand to be formally rolled out and complete by November 14.
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- BEDS & MATTRESSES
Tempur Sealy International says it is not seeing any signs of trade down among higher-end shoppers as it claimed market share gains against competitors.
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