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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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- ECOMMERCE
The group behind the JD Williams brand saw sales fall at a faster rate in the run up to Christmas and warned of further soft market conditions to come in the first half of 2023.
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- RETAIL & DISTRIBUTION
General merchandise retailer Argos delivered a third sequential quarterly improvement as household goods categories delivered in the lead up to Christmas.
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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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- UPHOLSTERY
Aberdare sofa maker Ashwood Designs has praised its customers after a period in which it saw record demand combine with unprecedented upstream supply chain disruption.
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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
Most furniture makers plan to make pay awards to staff this year according to the annual wages survey carried out by British Furniture Manufacturers (BFM), the trade association.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) has launched this year's free multi-media marketing toolkit for bed retailers to download ahead of National Bed Month in March.
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- UPHOLSTERY
National retailer ScS is the new owner of modular sofa business Snug after it acquired the brand, domain names, website, intellectual property and stock from the administrators of the predecessor operating company.
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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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- ECOMMERCE
Equity investment helped bolster the balance sheet of the ecommerce group behind furniture and home interiors brands such as Houseology, Olivia's and Teddybeau Furniture.
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- RETAIL & DISTRIBUTION
Employee-and-investor-owned retail chain Tapi Carpets & Floors has welcomed in the new year with a flurry of new store openings.
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- REGIONAL
Heritage family-owned furniture retailer Paul Adams Furnishers is to close down following the decision of its owners to retire.
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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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- DEALS & FINANCE
Flooring group Headlam has acquired one of the largest independent players in the U.K. rugs market in a deal that bolsters its offer to the ecommerce sector.
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- RETAIL & DISTRIBUTION
A new distribution centre and expanded retail footprint helped furniture and furnishings retail chain NCF Living to a record year through 2021/22.
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- RETAIL & DISTRIBUTION
Freight and other distribution costs rose sharply to counter the positive impact of revenue growth at the U.K. arm of value furniture chain JYSK last year.
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- UPHOLSTERY
The operating company of modular sofa brand Snug has filed a notice of intent to appoint an administrator as potential bidders such as ScS look to complete a deal for either the company or its assets.
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- UPHOLSTERY
Upholstered furniture retailer ScS is among the suitors targeting the acquisition of Snug, the sofa-in-a-box brand that built sales north of £30 million during the height of the pandemic.
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- RETAIL & DISTRIBUTION
Revenue jumped and average order values increased for OKA in 2021/22, helping the high-end furniture and interiors retail group build adjusted EBITDA, and cut its net loss.
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- TRADE & INDUSTRY
Retailers will be able to join British Furniture Manufacturers (BFM) for the first time with the trade association planning the introduction of a new membership category this month.
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- EVENTS
Organisers of the January Furniture Show have released the 2023 event Preview Guide ahead of the exhibition opening its doors in just over two weeks time.
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- RETAIL & DISTRIBUTION
Restructuring advisors sanctioned hundreds of thousands of pounds in critical ransom payments in order to keep The Garden Trading Company trading ahead of its sale to private equity last month.
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- BEDS & MATTRESSES
Ecommerce-led beds retailer MattressNextDay recorded seven-figure profits for the second straight year in the lead up to a major investment in distribution and fulfilment, new figures reveal.
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- RETAIL & DISTRIBUTION
General merchandise giant Next generated sales of more than £15 million every day in the last nine weeks of the year as demand at the fashion-to-furnishings chain outperformed its own expectations.
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- REGIONAL
Independent furniture and floorcoverings retailer John Doe of Diss has gone on television for the first time, launching a debut broadcast advertising campaign.
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- RETAIL & DISTRIBUTION
Jim Orr has been appointed to the newly-created group chief executive role at Minerva, the furniture buying group and exhibition organiser.
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- UPHOLSTERY
Ekornes, the China-owned upholstered furniture maker and owner of the Stressless brand, is to shed about a quarter of its global workforce and consolidate its Far East manufacturing operations in response to the weaker market.
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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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- UPHOLSTERY
Nichola Hornby Bell has joined West Midlands sofa maker Alpha Designs as sales director, succeeding Barry Webb, who will retire following a handover period.
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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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- RETAIL & DISTRIBUTION
British furniture and home interiors brand OKA has opened its third store in the U.S. and its first on the East Coast.
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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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- UPHOLSTERY
A secured lender to embattled upholstery business Maker&Son has filed a second notice of intent to appoint an administrator (NOI) as it seeks to protect its position.
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- RETAIL & DISTRIBUTION
The online marketplace platform bought by fallen furniture retailer Made.com in the spring of last year has fresh backing following a carve out process.
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- BEDS & MATTRESSES
The disposal and closure of one of its Kent stores helped bed retail chain Hamseys Sleep Centres cut bank borrowing and boost working capital last year.
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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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- FURNISHINGS & ACCENTS
Consumer creditors were owed more than £100,000 following the insolvency of a once-prominent Surrey soft furnishings retail and design business.
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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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- TRADE & INDUSTRY
West Midlands based Homeserve Furniture Repairs booked record revenue and profit through 2021/22 and said it expects to grow its top line again in the current financial year.
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- REGIONAL
Department store and bed shop retailer W.J. Daniel & Company returned to profit at the operating line last year in a period where it sold off property to help fund multi-million pound share buybacks.
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- RETAIL & DISTRIBUTION
Department store retailer Beales has adjusted its marketing strategy to put its Internet business back into profit ahead of one of its three stores closing early next year.
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- UPHOLSTERY
Profits rose by nearly a fifth last year for the U.K. market leader in the supply of flame retardant fabric coatings for the upholstered furniture industry.
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- UPHOLSTERY
Upholstered furniture and floorcoverings retailer ScS has expanded its store footprint in the north of England with the opening of a ninth store in Yorkshire.
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- RETAIL & DISTRIBUTION
Privately-owned furniture retailer Barker and Stonehouse made top and bottom line gains through 2021/22 ahead of further expansion of its national store footprint.
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- UPHOLSTERY
Revenue climbed by more than a third for Dudley upholstered furniture manufacturer ACL 2002 through 2021/22 amid rising costs that impacted profits.
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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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- RETAIL & DISTRIBUTION
The company behind expanding retail chain Fabb Furniture recorded a bigger loss on supply chain and pandemic-related headwinds last year but says 2022/23 is already looking much stronger.
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- RETAIL & DISTRIBUTION
The Stokers group of furniture stores saw profits jump by almost 50 percent in the year to end April as revenue trended sharply upwards, according to just-filed consolidated accounts.
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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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- RETAIL & DISTRIBUTION
The group behind regional beds retail chain Mattressman continued to build its financial position through 2021/22 as it closed in on the final year of a company voluntary arrangement (CVA) agreed with creditors nearly five years ago.
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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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- RETAIL & DISTRIBUTION
Former Bensons for Beds, Heal's and Steinhoff executive Mark Jackson has been appointed CEO designate at Wilko, the national general merchandise and variety retailer.
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- EVENTS
Organisers of the INDX series of furniture, homewares, beds and bedroom trade events have lined up a six-strong programme of exhibitions for 2023.
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- UPHOLSTERY
A financial backer of embattled Maker&Son has filed a notice of intent to appoint an administrator in a move designed to protect its position following a series of issues described as beyond the upholstery business' control.
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- RETAIL & DISTRIBUTION
RH, the luxury U.S. furniture retailer formerly known as Restoration Hardware, has completed a new multimillion pound equity issue for its still-to-launch British business.
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- RETAIL & DISTRIBUTION
A multi-site flooring retail and wholesale operation with warehouses across Scotland says rising costs have left it grappling with more challenging trading conditions.
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- DEALS & FINANCE
The rescue of Crazy Price Beds last month secures the future of all sites and jobs at the Staffordshire company, restructuring advisors have now confirmed.
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- RETAIL & DISTRIBUTION
Marks and Spencer (M&S) is to relocate in Liverpool from its current location on Church Street to the former Debenhams department store in the city centre.
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- BEDS & MATTRESSES
A serial buyer of fashion and furniture retail companies has been confirmed as the new owner of ecommerce mattress and bed base retailer Crazy Price Beds in a deal brokered by restructuring advisors.
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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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- DEALS & FINANCE
Esselle Retail, a distributor of flooring textiles based in the North West, has acquired Arthouse, the private equity backed supplier of wallcoverings and home décor.
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- BEDS & MATTRESSES
A third generation of family members has joined Ramsey Timber Group, the West Yorkshire timber component supplier to the U.K. bed industry, as it celebrates its 50th anniversary.
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- ECOMMERCE
An East Midlands based ecommerce garden furniture brand could return despite its predecessor operating company folding leaving debts of almost half a million pounds.
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- REGIONAL
Furniture retailer Cousins maintained margin and recorded seven-figure profits despite supply chain problems spanning raw material shortages, container delays, port congestion and a lack of HGV drivers.
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- FLOORCOVERINGS
High profits and an upwards property revaluation boosted the diversified company that combines running a handful of Frank's The Flooring Store units in the North East with a caravan parks business.
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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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- RETAIL & DISTRIBUTION
A full year without restrictions helped IKEA achieve record U.K. sales through 2021/22 but profits declined as costs trended upwards.
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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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- RETAIL & DISTRIBUTION
Profits returned at group level for Arighi Bianchi through 2021/22 as the historic furniture and home retailer deleveraged during a period where sales reached their highest mark in four years.
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- RETAIL & DISTRIBUTION
Outdoor furniture retailer Moda Furnishings has warned of a material softening in demand as market conditions became more challenging through 2022.
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- RETAIL & DISTRIBUTION
Profits declined for CareCo, the expanding retailer of mobility products including riser recliners and adjustable beds, in a period in which it invested heavily in new store and distribution assets.
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- EVENTS
Hall 2 of the NEC will host the inaugural Home Interiors Show next month, organisers have announced. It will run alongside the January Furniture Show at the Birmingham venue.
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- RETAIL & DISTRIBUTION
U.K. furniture and lighting retail sales were up £181.5 million year-on-year in November as rising prices bolstered the impact of a skinny rise in volumes.
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- RETAIL & DISTRIBUTION
Sam Perkins, the former retail md at home shopping group Very, has been appointed CEO at Loaf, succeeding founder Charlie Marshall who is to take up a new role with the furniture retailer.
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- RETAIL & DISTRIBUTION
Britain's largest hardwood cabinet retailer Oak Furnitureland achieved revenue growth amid rising costs in the year to end June, and says the expansion of its upholstery offer has delivered an autumn boost.
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- DEALS & FINANCE
A Yorkshire based entrepreneur has acquired The Garden Trading Company out of administration in a deal that saves the brand and all 53 jobs.
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- FLOORCOVERINGS
A four-fold rise in profits and higher sales helped bolster the finances of the group behind the Brockway Carpets and Grosvenor Wilton brands, accounts public Friday morning revealed.
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- ECOMMERCE
Pooky, the multichannel lighting business set up eight years ago by Sofa.com co-founder Rohan Blacker, has recruited from the furniture sector for a new chief executive.
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- TRADE & INDUSTRY
Trade association British Furniture Manufacturers (BFM) says The Future of Furniture Awards offer the opportunity for its members to highlight their sustainability and employment credentials.
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- UPHOLSTERY
Direct-to-consumer upholstery brand Maker&Son is at the centre of a legal dispute following the sale of the business to a new financial sponsor earlier this year.
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- BEDS & MATTRESSES
The value of foam and sprung mattress imports into the U.K. declined at the start of the fourth quarter as the effects of price changes began to drop away.
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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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- REGIONAL
Furniture, home and interior design company Rowen Homes will next year open its first brick-and-mortar showroom as it expands beyond its ecommerce roots.
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- RETAIL & DISTRIBUTION
Furniture retail price inflation remains at historic elevated levels but still eased to its lowest mark since December 2021 last month as some upward pressures eased.
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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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- RETAIL & DISTRIBUTION
Britain's advertising watchdog has upheld a complaint regarding savings claims made in advertising by Happy Beds, the online bed retailer based in West Yorkshire.
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- RETAIL & DISTRIBUTION
Multinational furniture retailer King Living has doubled its U.K. store footprint with the launch of a second showroom in the South East of England.
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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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- COMMUNITY
Bensons for Beds is partnering homelessness charity Crisis via a series of initiatives spanning donations from mattress sales to fundraising and volunteering.
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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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- UPHOLSTERY
Italian upholstery supplier Nicoletti Home is to introduce a new gallery concept to customers next month as it looks to further cement its presence in the U.K., where sales have trebled since the start of the pandemic.
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- REGIONAL
Improvement in warehouse picking boosts online sales while overall turnover climbs beyond £70 million for Wales headquartered retail chain.
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- RETAIL & DISTRIBUTION
Upmarket fitted furniture vertical John Lewis of Hungerford marked its 50th anniversary with record sales and even higher order levels, though profits declined on rising costs.
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- RETAIL & DISTRIBUTION
Peter Harrison says a lifelong ambition has been realised after the shares of BGF and other minority shareholders were acquired in a transaction that gives the family 100 percent control of the business for the first time in its 33-year history.
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- BEDS & MATTRESSES
Bed maker Sleepeezee says it has made further top line gains in 2022 so far while it has also agreed new finance facilities that give it an increased liquidity buffer.
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- UPHOLSTERY
A historic sofa manufacturer that also sells branded upholstery from its large retail showrooms in Buckinghamshire has filed a notice of intent (NOI) to appoint an administrator.
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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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- SUPPLY & WHOLESALE
British furniture makers' turnover growth accelerated at the start of the fourth quarter despite the uplift in exports being the weakest since February 2021.
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- LEGAL & RESTRUCTURING
A Derbyshire kitchens business has folded without warning after taking almost £350,000 of deposits, leaving orders unfulfilled and consumers facing a challenge to recoup funds.
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- RETAIL & DISTRIBUTION
RH, the high-end luxury furniture retailer launching its debut U.K. store in a £28 million Cotswolds country pile next year, has re-timelined the opening of its follow-on gallery in London.
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- BEDS & MATTRESSES
A West Yorkshire mattress company has been compelled to change its corporate name following a legal challenge by one of the U.K.'s largest bed makers.
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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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- UPHOLSTERY
Upholstered furniture vertical Natuzzi has found a successor to chief financial officer Vittorio Notarpietro after a near 12-month search for a replacement.
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- LEGAL & RESTRUCTURING
The large U.K. affiliate of a South Asian distributor of bedding, quilts and other household textiles has been placed into administration after it succumbed to cashflow problems amid creditor pressure.
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- ECOMMERCE
Profits declined for the online dining furniture retailer behind the Atlantic Shopping ecommerce brand last year as a slump in sales revenue combined with a big drop in gross margin.
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- RETAIL & DISTRIBUTION
Privately-owned department store retailer Fenwick will close its New Bond Street store in central London in just over a year's time after agreeing to sell the building to property developers.
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- UPHOLSTERY
Southern Italian upholstered furniture brand Egoitaliano has a second U.K. monobrand store after a partner launched a new flagship showroom in Surrey.
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- COMMUNITY
Furniture and homewares retailer Loaf is partnering St Mungo's, a charity working to end homelessness and transform the lives of people facing and experiencing homelessness in the U.K.
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- COMMUNITY
The Cornish Bed Company has been awarded the Manufacturing Guild Mark from The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry.
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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
The family owners of Latexco, the Belgium based maker of finished and semi-finished bedding products and components, have agreed to sell the business to a compatriot industrialist.
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- RETAIL & DISTRIBUTION
The managing director of national furniture retailer Barker and Stonehouse has praised staff for a range of initiatives that has led to it cutting its energy usage by over a third in the past quarter.
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- RETAIL & DISTRIBUTION
Furniture and soft furnishings retailer Harry Corry recorded its highest profits in four years as a return to top line growth combined with interest income and a lower tax bill.
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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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- ECOMMERCE
The California company behind the Nectar mattress brand funded further U.K. growth last year ahead of a buildout of its direct-to-consumer business model into wholesale.
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- ECOMMERCE
There has been management and shareholder change at a North West England ecommerce mattress business widely hailed for its SEO credentials.
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- RETAIL & DISTRIBUTION
Bensons for Beds is remodelling one and opening a further two new stores before Christmas including a unit on the mezzanine floor at one of Natuzzi Editions' southeast showrooms.
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- TRADE & INDUSTRY
Trade association British Furniture Manufacturers (BFM) is launching a new campaign to highlight the value and variety of careers available within the industry, as well as showcasing the steps the sector is taking to support sustainable manufacturing.
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- UPHOLSTERY
Upholstered furniture manufacturer Lebus appointed a finance director designate ahead of the retirement of longtime finance director Darrell Bettany last month.
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- RETAIL & DISTRIBUTION
Loan note holders have agreed not to seek the repayment of tens of million of pounds of debt due from The Cotswold Company should doing so be prejudicial to the furniture retailer's ongoing prospects.
- Details
- RETAIL & DISTRIBUTION
Privately-owned furniture and home retailer Sterling booked its biggest bottom line since 1998 in the year to February 28, 2022 as it benefitted from investment in stores and post-lockdown tailwinds.
- Details
- RETAIL & DISTRIBUTION
The Garden Trading Company, the ecommerce and wholesale furniture, home and garden company, was not sold to general merchandise giant Next as part of the £41 million buyout of Joules Group assets and its headquarters last week.
- Details
- BEDS & MATTRESSES
The manufacturing and import company behind the Bedmaster brand booked lower profits last year despite a rise in sales.
- Details
- ECOMMERCE
A Staffordshire ecommerce business majoring in screen printed household textiles and other homewares has been placed into liquidation leaving creditors facing a seven-figure shortfall.
- Details
- RETAIL & DISTRIBUTION
Frasers Group, owner of House of Fraser and Sofa.com, has acquired upmarket homewares brand Amara in a deal brokered by restructuring advisors.
- Details
- RETAIL & DISTRIBUTION
Chris Muir, chief financial officer at ScS for the past six years, is to leave the sofa and carpets retailer, sparking a search for a successor.
- Details
- SUPPLY & WHOLESALE
The private equity backed group that owns custom fitted furniture maker Neville Johnson paid eight-figure dividends to shareholders in a period when it agreed extended borrowing and saw trading profits fall.
- Details
- 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.
- Details
- UPHOLSTERY
Quick-ship sofa-in-a-box brand Snug has launched The Maverick, its first fully modular and customisable upholstery programme.
- Details
- DEALS & FINANCE
General merchandise retailer Next has partnered Tom Joule to acquire the majority of the assets of lifestyle brand Joules out of administration in two transactions worth a total of £41 million.
- Details
- FLOORCOVERINGS
Revenue continued to trend upwards for Likewise Group during mid–late autumn as growth accelerated for the floorcoverings supplier through October and November.
- Details
- COMMUNITY
The January Furniture Show returns at the NEC in Birmingham next month (Jan. 22–25, 2023) with an expanded international exhibitor roster and a series of new partnerships.
- Details
- 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.
- Details
- UPHOLSTERY
The South Wales sofa manufacturer that sold a majority stake to Halo Group's Andrew Martin International business last autumn rebuilt employee numbers to pre-pandemic levels in the past year.
- Details
- 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.
- Details
- 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.
- Details
- COMMUNITY
3CAD, a visual configure, price, quote (CPQ) software provider, has joined The Furniture Makers’ Company, the City of London livery company and charity to the furnishing industry, as a corporate member.
- Details
- 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.
- Details
- SUPPLY & WHOLESALE
The value of U.K. furniture exports has jumped by more than £200 million so far this year thanks to increased activity with major trading partners including the U.S., Ireland and France.
- Details
- CASE GOODS
Welcome Furniture took on additional debt as it invested millions of pounds building additional capacity through 2021/22, new figures show.
- Details
- SUPPLY & WHOLESALE
Profits fell sharply at Gwynedd cabinet maker Welcome Furniture in the past year as strategic partnerships with online retailers failed to fully mitigate a tough contract market.
- Details
- REGIONAL
Liverpool based home and garden retailer Taskers booked lower profits as administrative expenses climbed and Covid financial support measures fell away through 2021/22.
- Details
- DEALS & FINANCE
Victoria's takeover of parts of Belgium's Balta group was well publicised but the flooring conglomerate has since completed the buyout of another nearby business, it disclosed Tuesday morning.
- Details
- 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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