- Details
- RETAIL & DISTRIBUTION
Ning Li will not be buying back Made.com (Made) after restructuring advisors rejected his offer to acquire the business he founded back in 2010.
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- UPHOLSTERY
There were seven bidders in the frame for the historic Sofa Workshop brand ahead of its sale earlier this year, restructuring advisors have said in a new report.
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- RETAIL & DISTRIBUTION
17-store retailer benefits after plugging gap left by insolvent concessions with own-bought and consignment inventory.
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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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- RETAIL & DISTRIBUTION
The Conran Shop, the modern furniture, home and lifestyle retailer, has received a new equity funding injection from its owner, its seventh so far this year.
- Details
- RETAIL & DISTRIBUTION
Fashion-to-furnishings retail giant Next is said to have bid to acquire the intellectual property of Made.com, the embattled furniture and lighting retailer.
- Details
- RETAIL & DISTRIBUTION
Bensons for Beds has relaunched Eve Sleep, flicking the switch on its dedicated website less than three weeks since it paid £600,000 to acquire the brand and other intellectual property.
- Details
- 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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- RETAIL & DISTRIBUTION
Upholstery market leader DFS said customer demand outperformed its own expectations in the past six weeks as a positive order trend returned.
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- RETAIL & DISTRIBUTION
Profits almost halved for IKEA brand owner and franchisor Inter IKEA through 2021/22 as the company was unable to pass on all input cost rises to its franchisees.
- Details
- EVENTS
The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, will next month host Routes to Greater Sustainability, a free-to-attend climate change and sustainability event.
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- ECOMMERCE
The boss of Wayfair says the ecommerce-led home platform is continuing to "control the controllables" as it plots a path to profit and cashflow neutrality.
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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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- RETAIL & DISTRIBUTION
About 60 standalone Argos stores that had been primed for closure by the general merchandise retail giant within the next 18 months will now remain open for longer than expected thanks to landlord concessions.
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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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- COMMUNITY
Furniture industry colleagues last month helped raise £6,000 at The Furniture Makers' Company's National Golf Day, the trade charity's longest-running fundraising event.
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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.
- Details
- RETAIL & DISTRIBUTION
The disposal and closure of the last remaining Tudor Williams store earlier this year yielded a high six-figure sum for its former owner, and followed an earlier £3.5 million property deal.
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- RETAIL & DISTRIBUTION
High post-lockdown demand helped small-space living specialist The Futon Company maintain positive momentum as it again recorded highest-ever sales and profits in the past year.
- Details
- 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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- REGIONAL
Furniture and home retailer Collingwood Batchellor reversed a seven-figure deficit to book record profits through 2021/22 amid wider plans to progress its diversification strategy.
- Details
- RETAIL & DISTRIBUTION
Furniture and department store retailer Bradbeers has repaid almost £5 million of maturing debt after a property disposal this summer.
- Details
- BEDS & MATTRESSES
The National Bed Federation (NBF) has begun a search for a successor to executive director Jessica Alexander, who is to scale back her duties with the organisation ahead of eventually retiring.
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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.
- Details
- EVENTS
The next edition of upholstery, mattress and furnishing fabrics exhibition The London Fabric Show will feature an expanded international footprint, organisers have announced.
- Details
- RETAIL & DISTRIBUTION
Made.com founder Ning Li has incorporated a new furniture retail company with restructuring advisors poised to complete an asset-only sale of the business he launched more than a decade ago.
- Details
- 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.
- Details
- RETAIL & DISTRIBUTION
Furniture and lighting retailer Made.com (Made) has filed a notice of intent to appoint administrators (NOI) in a move that places a ring of protection around the business and shields it from creditor action.
- Details
- BEDS & MATTRESSES
Privately-owned Wiltshire mattress manufacturer Moonraker Beds booked six-figure profits for the fourth straight year in the 2021/22 period.
- Details
- RETAIL & DISTRIBUTION
Bensons for Beds has launched a Simply by Bensons programme of entry-level mattresses with a new product lineup and an adjusted and new-look brand compared with the Simply Bensons range that preceded it.
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- RETAIL & DISTRIBUTION
A central London property that has been home to myriad upholstery brands over the years has housed its last furniture industry tenant, if new plans for the six-storey building are approved.
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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.
- Details
- RETAIL & DISTRIBUTION
London department store retailer Harrods returned to profit in the past year as it benefitted from the return of U.K. and international shoppers to the capital.
- Details
- RETAIL & DISTRIBUTION
Clicks-to-bricks cabinet retailer shortens financial reporting period by a single day for the second time in the past three months, extending its filing deadline.
- Details
- DEALS & FINANCE
Retailer Bensons for Beds outbid two other suitors to acquire the assets of direct-to-consumer mattress brand Eve Sleep, restructuring advisors have revealed in a new report that became public over the weekend.
- Details
- RETAIL & DISTRIBUTION
National retailer Furniture Village will take its estate to 55 with the launch of a new store on the Stane Retail Park in Colchester.
- Details
- 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.
- Details
- 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.
- Details
- 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.
- Details
- RETAIL & DISTRIBUTION
The U.K.'s largest BoConcept franchise built sales, profits and cash last year, saying it emerged in a stronger-than-ever position despite very challenging trading conditions.
- Details
- FLOORCOVERINGS
Likewise Group said the war in Ukraine, political instability in the U.K. and a particular hot summer will result in profit being below expectations when it reports full year numbers for 2022.
- Details
- REGIONAL
The historic Derbyshire store of the hitherto highly-regarded independent furniture retailer Eyres of Chesterfield was sold ahead of the business permanently closing its doors earlier this year.
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- RETAIL & DISTRIBUTION
Restructuring advisors are poised to step in after Made.com (Made) said there was now no reasonable prospect of an offer for the equity in the company.
- Details
- 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.
- Details
- RETAIL & DISTRIBUTION
The rate at which customer loan applications are approved has increased since Dreams adopted a new time-saving system in partnership with software company Aryza.
- Details
- RETAIL & DISTRIBUTION
Furniture and lighting retailer Made.com Group (Made) says its trading arm has temporarily suspended new customer orders following the collapse of sale talks on Tuesday.
- Details
- RETAIL & DISTRIBUTION
Home product sales declined sharply at The Very Group through 2021/22 with the non-food ecommerce giant saying it lapped strong prior year comparatives in all major furniture categories.
- Details
- RETAIL & DISTRIBUTION
National retailer Bensons for Beds will this week return to Watford with the opening of a new store above the existing unit operated by flooring chain Carpetright.
- Details
- RETAIL & DISTRIBUTION
IKEA is to open Plan & Order points at Aintree, Preston and Stockport as part of plans to make it easier and more accessible to shop with the home furnishings giant.
- Details
- RETAIL & DISTRIBUTION
Furniture retailer Made.com Group (Made) says sale discussions have been terminated after potential bidders were unable to meet a deadline of the end of the month for firm offers.
- Details
- SUPPLY & WHOLESALE
Cabinet and upholstery supplier Mark Webster Designs sold the vast majority of its stock to its largest customer two weeks ahead of the formal appointment of administrators as it sought a managed wind down of the business.
- Details
- 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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- RETAIL & DISTRIBUTION
The company behind the ufurnish.com search engine for furniture and furnishings has agreed a partnership with Santander U.K. that will elevate the visibility of leading retailers with the bank's mortgage holders.
- Details
- RETAIL & DISTRIBUTION
National retailer Bensons for Beds will later this week launch Bensons Outlet, a pilot store concept that will offer customers deep discounts and special buys.
- Details
- UPHOLSTERY
Upholstered furniture manufacturer Vale Bridgecraft has resumed trading under new ownership after a three-month pause following the insolvency of its predecessor operating company.
- Details
- 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.
- Details
- RETAIL & DISTRIBUTION
Fewer weeks lost to Covid and higher online sales help department store group Fenwick cut trading losses through 2021/22 while it returned to profit after tax thanks to a gain on property disposal.
- Details
- SUPPLY & WHOLESALE
Higher costs saw profits almost halve for bedding supplier Comfy Quilts in the year to end January despite sales having climbed thanks to it doing more business with a company under common control.
- Details
- 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.
- Details
- SUPPLY & WHOLESALE
Actona Group found top line gains as the Danish furniture conglomerate expanded its global activities through acquisitions in 2021/22.
- Details
- RETAIL & DISTRIBUTION
Britain's furniture industry enters the golden quarter with consumer confidence for big-ticket expenses at its weakest level since the beginning of the pandemic, according to new figures.
- Details
- ECOMMERCE
The North West company behind the Luxury Rattan outdoor furniture brand has filed for insolvency just over a year after it booked a net gain of almost £1 million.
- Details
- RETAIL & DISTRIBUTION
Oldrid & Co, the Lincolnshire furniture and home store retailer that now trades solely under the Downtown fascia, reversed a big seven-figure deficit as revenue recovered in the past year.
- Details
- RETAIL & DISTRIBUTION
Higher prices and the unwind of big order books meant the value of furniture and lighting retail sales climbed by almost £100 million year-on-year in September.
- Details
- CASE GOODS
German living and bedroom furniture giant Hülsta is undergoing a court-approved insolvent restructure at two of its subsidiary companies, citing special market conditions.
- Details
- ECOMMERCE
Wayfair says it is offering over 12,000 products that adhere to one or more of 50 third-party sustainability certifications as the online platform looks to advance the green credentials of its supply chain.
- Details
- COMMUNITY
Industry clay pigeon shooters raised £8,000 for The Furniture Makers' Company charity at Northern Big Shots last month.
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- BEDS & MATTRESSES
The sale of the business and assets of Stockport based textiles supplier J.T. Griffiths & Co has protected jobs and ensured continuity of supply, stakeholders in the process have said.
- Details
- RETAIL & DISTRIBUTION
Homewares and furniture retailer Dunelm said it had a robust quarter with sales dipping as expected as it lapped strong comparators from the autumn of last year.
- Details
- RETAIL & DISTRIBUTION
Former Cole's store in Stoke-on-Trent was acquired back in 2009 but closed four years later.
- Details
- RETAIL & DISTRIBUTION
The end of lockdown and the return of London footfall has helped high-end French furniture franchise Roche Bobois find U.K. growth so far this year, at a faster pace than in any other world market.
- Details
- 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.
- Details
- 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.
- Details
- 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.
- Details
- DEALS & FINANCE
Flooring supplier Victoria has acquired International Wholesale Tile (IWT), a Florida based tile, natural stone and LVT distributor, in a deal worth $28.5 million (£24.9m).
- Details
- UPHOLSTERY
The private equity backer of sofa makers Westbridge and Tetrad has appointed a new group chief executive at parent company Belfield.
- Details
- REGIONAL
Trading profits returned at Jarrold & Sons through 2021/22 as the diversified Norwich group kept a lid on costs and saw revenue recover, particularly within its retail business.
- Details
- RETAIL & DISTRIBUTION
Home department store retailer Leekes recorded double-digit top and bottom line gains in the year to end March and says it has maintained momentum in the first half of its new financial year.
- Details
- RETAIL & DISTRIBUTION
Wider gross margin and higher sales helped the privately-owned South East retail group behind department stores including Elys and Pearsons return to profit in the past year.
- Details
- RETAIL & DISTRIBUTION
New bank borrowing replaces £100 million drawdown on overdraft facility as loans from related parties increased last year.
- Details
- RETAIL & DISTRIBUTION
Home, garden and leisure retailer The Range has pinned a fall in profits on unprecedented challenges to the supply chain as rising costs countered an advance in sales at the 205-store chain.
- Details
- RETAIL & DISTRIBUTION
Eve Sleep will live on as a standalone brand after Bensons for Beds acquired the direct-to-consumer company's intellectual property following the appointment of administrators at midday on Monday.
- Details
- RETAIL & DISTRIBUTION
Direct-to-consumer mattress and sleep products company Eve Sleep was placed into administration at midday Monday after hopes for a solvent solution or fresh equity funding evaporated.
- Details
- LEGAL & RESTRUCTURING
More than a dozen suppliers face sizeable five-figure shortfalls from the closure of one of the country's largest suppliers of furniture packages to property investors, landlords, developers and home owners.
- Details
- RETAIL & DISTRIBUTION
Embattled furniture retailer Made.com Group (Made) is targeting firm offers for the company by the end of October and says potential bidders have been made aware that it will require interim financing in light of dwindling liquidity.
- Details
- CASE GOODS
The value of wood living, dining and bedroom cabinet shipments to the U.K. fell to its lowest level in 26 months at the end of the summer on delayed production and slowing demand.
- Details
- RETAIL & DISTRIBUTION
BoConcept is donating profits from its business in Russia to an initiative supporting Ukraine after it was forced to walk back plans for an immediate exit from supplying its Russian franchisee.
- Details
- REGIONAL
Independent furniture retailer Lukehurst is upgrading the exterior of one of its two Kent stores with a six-figure investment in the external fascia.
- Details
- BEDS & MATTRESSES
60 members of the furniture trade attended the Barker & Stonehouse annual golf day, which this year raised £12,000 for The Furniture Makers' Company, the furnishings industry charity.
- Details
- 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.
- Details
- 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.
- Details
- 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.
- Details
- RETAIL & DISTRIBUTION
The founder of DFS and an investment vehicle controlled by the deputy chairman of Dunelm remain among the largest shareholders in fast-growing and now-profitable flooring retailer Tapi Carpets & Floors.
- Details
- FLOORCOVERINGS
The value of carpet imports into the U.K. declined to its lowest level since December 2021 after volumes fell by almost a fifth in the latest chronicled month, according to new figures.
- Details
- RETAIL & DISTRIBUTION
Inflation-driven price rises and currency movements helped worldwide brand revenue climb to a new record level at IKEA in the past year despite flat volumes across the franchise.
- Details
- 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.
- Details
- 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.
- Details
- 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.
- Details
- 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.
- Details
- ECOMMERCE
The Furnitureful ecommerce brand is now trading under the stewardship of its third owner inside five months after its predecessor company folded late last month.
- Details
- 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.
- Details
- ECOMMERCE
The Chinese ecommerce group behind furniture, home and garden brands such as Homcom and Aosom more than doubled the size of its U.K. business last year in a period when it added six new warehouses across southern and eastern England.
- Details
- 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.
- Details
- 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.
- Details
- TRADE & INDUSTRY
The U.K. is the single largest importer of Brazilian furniture across all of Europe despite a decline on last year, according to new figures from a promotional organisation affiliated to the Brazilian Government.
- Details
- UPHOLSTERY
Order intake is down double-digit in the past ten weeks but ScS says it is well placed to ride out the tightening economic backdrop with it having built a huge cash pile and no debt.
- Details
- 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.
- Details
- SUPPLY & WHOLESALE
Upmarket interior design and furnishings supplier Sanderson Design Group found profit growth in the first half of its 2022/23 financial year after almost doubling licensing income.
- Details
- SUPPLY & WHOLESALE
Headlam Group, the U.K.'s largest floorcoverings wholesaler, has bolstered its leadership team with two new independent non-executive board hires.
- Details
- REGIONAL
U.K. tax authorities face the largest shortfall after the planned permanent closure of privately-owned Leicestershire retailer Furniture Loft went awry earlier this summer.
- Details
- SUPPLY & WHOLESALE
Furniture, mattresses and home accents distributor Gallery Direct pumped cash into stock build last year in a period where it returned to profit on vastly increased output.
- Details
- SUPPLY & WHOLESALE
U.K. listed textiles group says part of its German-based operations has struggled as a result of weak consumer confidence.
- Details
- COMMUNITY
The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, has launched a confidential text service to offer support to people working in the sector.
- Details
- RETAIL & DISTRIBUTION
Upholstery brand Maker&Son says it was fully committed to fulfilling all creditors obligations ahead of it being forced into an insolvent restructure after a single creditor didn't support its plans following its summer buyout.
- Details
- 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.
- Details
- DEALS & FINANCE
XXXLutz Group, one of the three largest furniture retail groups in the world, is to buy pan-European ecommerce home and living retailer Home24 in a deal that has the backing of the target company's management and major shareholders.
- Details
- RETAIL & DISTRIBUTION
Restructuring advisors are trying to unpick the situation at £25 million sofa brand Maker&Son after the trading company behind the business was placed into administration earlier this week.
- Details
- BEDS & MATTRESSES
The U.K. arm of foam conglomerate Carpenter says input cost pressure led to "inevitable and necessary adjustments to selling prices" but they still weren't enough to stop profits here falling to £14.1 million.
- Details
- UPHOLSTERY
Plumbs traded strongly post lockdown as the sofa covers, re-upholstery and curtains company narrowed its net loss and generated positive cashflow last year.
- Details
- 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.
- Details
- BEDS & MATTRESSES
The CEO of Simba Sleep says the mattress and bedding company recorded a big jump in U.K. EBITDA after 60 percent sales growth here last year.
- Details
- RETAIL & DISTRIBUTION
A fast-growing wholesaler and ecommerce oak furniture retailer has the backing of one of the most prominent industry founders of the past two decades following an investment earlier this year.
- Details
- RETAIL & DISTRIBUTION
Britain's biggest bed retailer delivered high single-digit figure profit growth in 2021 as revenue surged on the back of strong demand last year.
- Details
- 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.
- Details
- FLOORCOVERINGS
A floorcoverings company that used to work with one-time major home furnishings independent Alan Ward is expanding with the launch of a second retail and trade showroom.
- Details
- RETAIL & DISTRIBUTION
Furniture Village commercial director Charlie Harrison has been named winner of the Next Generation Award by Family Business United, recognising his contribution to the national furniture retailer.
- Details
- 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.
- Details
- 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.
- Details
- 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.
- Details
- 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.
- Details
- BEDS & MATTRESSES
More mattresses are being recycled than ever before but the slow pace of change means the National Bed Federation (NBF) says it will likely miss a key target without significant intervention in the form of an Extended Producer Responsibility (EPR) scheme.
- Details
- RETAIL & DISTRIBUTION
Fabb Furniture will open two more showrooms before Christmas as part of a six-figure investment expanding its retail estate. It is also targeting a new distribution centre and has switched warranty providers following a tender process.
- Details
- RETAIL & DISTRIBUTION
Fast-growing flooring chain Tapi Carpets & Floors will keep its foot on the accelerator pedal with new stores opening through 2022.
- Details
- RETAIL & DISTRIBUTION
Made.com Group (Made) says it will need tens of millions of pounds in aggregate funding over the next 18 months as it revealed it had begun discussions with interested parties regarding a sale of the business.
- Details
- FLOORCOVERINGS
National retailer Tapi Carpets & Floors has booked inaugural profits on the back of wider margins and top line growth, with it targeting further gains this year despite the weakening market.
- Details
- FLOORCOVERINGS
National floorcoverings distributor Carpet & Flooring, which operates a dozen depots across the country, has rebranded the business to give itself a more distinct and targeted name.
- Details
- RETAIL & DISTRIBUTION
North West home department store retailer Housing Units achieved a double-digit net margin as sales jumped by well over a third to record levels in the year to March 27, 2022.
- Details
- 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.
- Details
- FLOORCOVERINGS
The U.K. arm of Belgian carpet maker Associated Weavers (AW) will look to make faster deliveries to customers here once a new warehousing facility opens early next year.
- Details
- 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.
- Details
- RETAIL & DISTRIBUTION
Major independent furniture retailer Fishpools booked seven-figure profits and bolstered cash reserves in a year of record volumes for the Waltham Cross company.
- Details
- 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.
- Details
- RETAIL & DISTRIBUTION
Furniture retailer Made.com Group (Made) saw its gross margin slide sharply in the first half as it slashed prices to shift excess inventory.
- Details
- 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.
- Details
- RETAIL & DISTRIBUTION
Frasers Group, owner of Sofa.com and House of Fraser among myriad retail interests, has enlisted architects to draw up plans for a new global headquarters campus in Warwickshire.
- Details
- RETAIL & DISTRIBUTION
General merchandise retailer Next has fleshed out the details of its investment in ecommerce furniture retailer Swoon for the first time — four months after the bones of the deal were first disclosed.
- Details
- 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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