National flooring retailer Tapi Carpets agreed millions of pounds in new borrowing as part of an earlier-signposted funding round that saw shareholders subscribe for new equity.

Direct-to-consumer mattress brand Simba Sleep said it sold more online in May in the U.K. than in any other month in its history.

Floorcoverings supplier Designer Contracts has relocated to a new head office in Chesterfield, a building four times the size of its predecessor.

Burnley manufacturer Sweet Dreams (Nelson) has appointed Jon Prince as its new sales agent for South West England and South Wales.

The British Institute of Kitchen, Bedroom and Bathroom Installation (BiKBBI) has become the latest trade association to join the Furniture and Interiors Education, Skills and Training Alliance (Fiesta).

The future of HTL International, the Far East producer responsible for manufacturing one in every 150 sofas estimated to be sold in Britain each year, has moved a step closer to a positive resolution.

The managing director of sofa maker Buoyant Upholstery has praised retailers for helping money flow through the supply chain as the Lancashire company prepares to resume production.

Direct-to-consumer mattress brand Emma has appointed a new country lead for the U.K. and Ireland, with the previous incumbent given a new brief to drive its business in Asia.

The reopening of some furniture stores contributed to a third straight improvement in consumer confidence for big-ticket goods, but the score remains at a historically low level.

A furniture retailer forced to close one of its four Kent stores after the local council bought it for redevelopment has found a new site in Ashford and will then add a fifth showroom in the county.

City planners have rubber-stamped plans by IKEA to open an order-and-collect store at Peterborough, part of a 585,000sqft warehouse extension project.

The consultation process between Silentnight group and employees at its dedicated Sealy factory has been extended further into the summer, ahead of the plant's proposed closure.

The U.K. Government has formally launched its Trade Credit Reinsurance scheme, which will protect furniture suppliers in the case of customer default and boost confidence along supply chains.

Tariffs on the imports of selected furniture products into the U.K. will be reduced from January 1, 2021, making them cheaper to buy for distributors and retailers.

Having gleaned millions out of the foam supply sector in a confidential settlement, the insolvency practitioner handling the continued fallout from the 2011 takeover of Britain's biggest bed maker has a new target for legal action.

Lightmakers, the company behind the multinational Light & Living wholesale brand, has acquired the business and assets of Gloucestershire home accents and décor supplier Parlane International.

Samson Holding, the Far East furniture conglomerate that ran case goods distributor Willis & Gambier for 11 years until spring 2019, has disclosed the price achieved for the sale of its U.K. company assets.

Recliner giant La-Z-Boy said it will reduce its global workforce by 10 percent including the closure of its Newton, Mississippi upholstery factory as part of plans to realign its resources for the post Covid-19 era.

National retailer Wren Kitchens is to open 12 more stores before the year is out, starting with four new openings over the summer.

The venture debt provider that backed the 2017 buyout of Lombok faces an almost complete loss of its investment following the March collapse of the East-inspired furniture retailer, its third insolvency in a little over a decade.

The biggest factory in the JDP Furniture Group was deprived of a seven-figure sum by the collapse of retailer Laura Ashley, precipitating its own demise just a few days later.

An associate of East/Colonial inspired furniture retailer Lombok acquired selected assets prior to its operating company folding earlier this year, but the brand's trading name and other intellectual property remains up for grabs.

Creditors of the three-store retailer Indigo Furniture face a forecast deficit of £1.1 million on sums outstanding from the company, according to new statutory filings.

Privately-owned bed maker Hypnos says it will have fulfilled all outstanding orders by the end of June having returned to production last month.

High-level responsibility for furniture and homewares retailer Habitat has evolved again following the departure of James Brown as commercial director at the brand's parent company Sainsbury's.

Bensons for Beds has begun reopening a small number of its shops, starting with a phased relaunch of stores in the North, as more retailers across the country begin physical trading again.

The new owner of The Conran Shop agreed to pay all third-party debt as part of the spring takeover of the designer furniture and homewares retail business, but won't have to discharge intra-group liabilities.

Multiple share issues net growth funds for VC-backed direct-to-consumer Gloucestershire based bedding retailer and wholesaler.

Global furniture retailer JYSK will today enter the Russian market for the first time, opening the first of four planned stores this year.

One of the world's biggest companies plans to recycle the foam from end-of-life beds, turning it into new polyurethane products including, potentially, brand new mattresses.

Bedroom and home office furniture company Sharps continued to find revenue growth in the first quarter of 2020 despite the final weeks of the period being hit by the pandemic and Government-mandated store closures.

There can be little doubt the Coronavirus Job Retention Scheme has, in the near-term, saved thousands of jobs across the U.K. furniture industry after the Government mandated the closure of non-essential retail stores late March.

Leeds bed and mattress fillings manufacturer Harrison Spinks says it has this week resumed manufacturing on a safe and reduced scale.

FIRA International, the Stevenage based furniture services provider, says its FIRA Service Technicians team is to begin a phased resumption of in-home customer visits.

Topps Tiles, the U.K.'s largest wall and floor tile retailer, will boost near-term liquidity with a sale and leaseback deal for its Leicester head office and central warehouse.

Rise and recline chair maker Celebrity Motion Furniture will reopen its factory today (June 1) after work behind the scenes to make the facility safe, and to restructure the business.

Lawyers and advisors involved in the sale of the Breasley mattress production and foam conversion group to newly-formed companies will earn more than £590,000 combined for their work during and before the insolvency of the East Midlands business.

The new owner of the mattress and beds division of Breasley agreed a £300,000 deal to acquire the Ilkeston based business, administrator Duff & Phelps has said in a new report for creditors.

The biggest impact on furniture suppliers from the collapse of Brighthouse looks to be the potential loss of future business, according to a new report by administrator Grant Thornton.

The hoped-for buyout of Breasley's foam conversion operation by the Crowshaw family was completed mid-May, the administrator has said.

Dunelm has opened its debut high street small-format store with the launch of its new Dunelm Edit fascia in Sussex. Plans for the new unit were first reported a month ago.

General merchandise retailer B&M European Value Retail (B&M) said it enjoyed strong revenue growth in DIY and gardening categories in the first eight weeks of its new financial year.

Some of the U.K.'s largest independent home furnishings retailers will this weekend reopen their stores, joining the handful of national chains that have already done so.

Lower pension costs and an uptick in revenue helped furniture retailer Gillies of Broughty Ferry record higher profits in the year to August 31, 2019.

Companies owed cash by the imperilled Laura Ashley retail chain could yet get as much as 18 pence in the pound according to a new report by administrator PwC.

Mattress and ancillary products vendor Eve Sleep say its path to profit continues with its performance in the four months to end April helping it extend its cash runway.

Administrators have disclosed the value of the sale of the global Laura Ashley brand rights, archive, related intellectual property (IP) and brand licence agreements for the first time.

Almost a quarter of the workforce at the Laura Ashley-owned South Wales soft furnishings manufacturing business Texplan returned to work in order to produce scrubs for NHS staff.

Litmus Furniture, the U.K. sole agent for bedroom manufacturer Wiemann, says it will resume operations next week. It will take orders and begin delivering and installing product from Monday June 1.

Retailers leasing stores owned by one of the country's largest landlords in the home merchandise sector saved cash by either not paying rent or cutting a deal to kick the can down the road following the lockdown order.

Mark Smith, CEO of upholstery group DM Midlands Holdings, has together with his wife Julie bought sofa retailer Arlo & Jacob out of administration, expanding the couple's personal interests in the sector.

Big-four grocer Morrisons will expand its general merchandise footprint with the opening of a first standalone home and clothing unit on the site of an existing store in Derbyshire.

Revenue growth accelerated for online furniture and homewares retailer Cox & Cox after the Government mandated the closure of stores and instructed people to stay at home.

The Furniture Makers’ Company, the City of London livery company and industry charity, has increased the support package available to employees and sole traders struggling financially because of Covid-19, and urged people to spread its message.

Furniture retailer Made.com has agreed a new term loan and renewed an existing credit line as it looks to capitalise on growth opportunities and shield itself from risk.

Underlying profits returned for the company behind regional home retailer Gardiner Haskins in a year that saw it reduce the scope of its Bristol operations by selling its Grade II listed Soapworks store building.

Retailer utilising former Bathstore shops, acquired last year, for new pilot format.

Any hopes U.K. and international carpet makers had for a flood of new orders from Headlam may be dashed as Europe's largest wholesaler said it would use existing inventory in the short-term.

Early May saw a second straight uptick in consumer confidence for major purchases according to a closely-followed survey, but progress is painfully slow.

Furniture retailers have been told they can reopen their stores June 15 provided they have adequate Covid-19 measures in place. By then, hundreds of furniture shops across the country will have already been open for weeks.

Three-store retailer Indigo Furniture ceased trading earlier this spring after the lockdown prevented it delivering hundreds of thousands of pounds worth of stock, prompting it to run out of money.

Furniture and lighting sales tanked in April as all bar a handful of stores selling across the combined categories were closed, leaving online as the only viable sales channel.

Upholstery and carpets retailer ScS reopened its English store estate over the weekend and says it is now unwinding its order book after recommencing deliveries.

The coronavirus crisis has prompted Italian sofa maker Natuzzi to revise its ongoing transformation plan with the introduction of significant new cost-reduction and cash-saving measures.

Administrators have disclosed the detail behind the prepack sale of Burgess Beds to a U.S. investor, which we first reported early April.

Higher asset values and lower payables in newly-amended accounts from northern upholstery manufacturer.

Steinhoff International Holdings, part owner of Conforama and Mattress Firm, has appointed Moira Moses as the new chair of its supervisory board.

Privately-owned furniture retailer Barker and Stonehouse will reopen its stores June 1 with a campaign message — Let's Get Going Britain — aimed at supporting home-grown furniture manufacturers.

The pace of furniture store reopenings across England will gather momentum with upholstery market leader DFS to pull up the shutters on most of its store portfolio next week. Three stores will open today.

When the JDP Furniture Group filed for insolvency at the beginning of April the outlook always looked brightest at one of the group's businesses.

Diversified East Midlands upholstery group JDP Furniture Group was among the first business casualties of the current crisis after Laura Ashley filed for administration.

Jay-Be, a market leader in the guest bed sector, says sales are already rebounding despite the Covid-19 enforced lockdown, and that longer term it now has the capacity to double in size after investment last year.

Nelson sofa maker Buoyant Upholstery has been at the forefront of the U.K. furniture trade's response to the coronavirus outbreak, producing personal protective equipment (PPE) for front line workers.

Project restart continues with more retailers of furniture products now reopening some or all of their stores across England, where restrictions have been eased compared with other parts of the U.K.

One of the U.K.'s biggest wholesalers of bedroom products has pivoted towards sourcing personal protective equipment (PPE) during the pandemic and has now found a solution for retailers who are worried consumers may be reticent to try out mattresses instore once shops reopen.

High-end furniture and lighting brand Gabriel Scott is expanding its U.K. and European distribution after it agreed a partnership with designer furniture retailer Nest to sell its products online.

Marks and Spencer Group (M&S), the general merchandise and food retailer, is to open up its business to third-party brands in a bid to boost its customer appeal and sales.

Store closures didn't stop furniture price inflation advancing last month, according to the Office for National Statistics, but eases at the factory gate and the need to generate sales means it will likely not last.

The British Furniture Confederation (BFC) has published the recommendations to emerge from a Parliamentary Inquiry into the impact of Covid-19 on the U.K. furniture industry.

Administrators say they have closed upholstery manufacturing unit Welbeck House and its sister business JDP Frames after they were unable to find buyers. The prospect for other group businesses is better.

Sofa sales trended down for the Thai owner of British upholstery brands Alexander & James, Ashley Manor and Alstons in the first quarter of 2020 as a result of the coronavirus pandemic impacting its business here and in the Far East.

Parlane International, the home accents and décor wholesaler bought by Gallery Direct early last year, is for sale after being placed into administration.

The board departure of the senior-most finance official at Sofa.com leaves the upholstery vertical's director roster occupied entirely by senior figures from other parts of the Frasers Group.

Furmanac, the adjustable furniture manufacturer behind the MiBed, MiChair and Hestia brands, maintained underlying profits in 2018–19 despite a fall in sales.

The W Exhibition, the furniture manufacturing and joinery trade fair held every other year in Birmingham, has been postponed until September next year.

The British Furniture Manufacturers' (BFM) trade association is canvassing the opinion of stakeholders as it prepares a new push to encourage consumers to buy U.K. made furniture.

Having opened six stores over the weekend as part of a 'safety trial', Furniture Village CEO Peter Harrison says he hopes all 52 of its nationwide network will be open by the coming Bank Holiday weekend.

N Brown, the home shopping group, says the launch of a standalone furniture and homewares business has provided a sales fillip amid a challenging backdrop.

Comply with social distancing guidelines and gain approval from your legal brief and you can open your store immediately, a state official has told one of the U.K. home furnishing industry's leading trade associations.

Heather Sonn, who has led the supervisory board of Steinhoff International Holdings since soon after accounting irregularities came to light late 2017, has resigned as chairperson.

U.K. interest in a prestige American cabinetry brand remains high despite the closure of the company behind its London showroom last month.

National retailer Furniture Village is reopening a handful of its stores across the country having implemented new measures to safeguard both customers and employees.

At least 42 entrepreneurs and families with ties to the U.K. furniture and furnishings industry are among the 1,000 richest people in the country, according to The Sunday Times Rich List 2020.

ChrisKnightKeenAbleThe role logistics businesses play in ensuring goods are transported around the country and get to where they are needed has never been more important, writes Chris Knight, director at specialist two-person furniture delivery company Keen & Able.

Recliner giant Man Wah cited Brexit, labour strikes and high Government burdens as it recorded a decline in upholstery sales across Europe through its 2019–20 financial year.

French furniture and home accents retailer Maisons du Monde has given up plans to build a network of stores for its core brand in the U.S., and will instead focus on the Modani business it bought in 2018.

Two-man furniture delivery crews are back on the road as U.K. furniture retailers unwind their order books ahead of a hoped-for June store re-opening.

Imports of foam and sprung constructed mattresses declined again in March, meaning they have fallen every month on an annual basis since September last year.

French furniture and home accents retailer Maisons du Monde said online orders in April skyrocketed, but it didn't list the U.K. among its top performing markets.

Having declined by a third in February, the value of carpets arriving on British shores diminished further at the end of the first quarter.

Marks & Spencer has brought forward the arrival of its new Clothing and Home managing director in a move that will free up more time for Steve Rowe, its chief executive.

Tempur Sealy International, the world's largest bedding manufacturer, has agreed incremental borrowing to improve its liquidity position.

Upholstery shipments from China plumbed new depths at the end of the first quarter as the impact of early-year factory closures in the Far East took their toll.

The U.K. Government is to guarantee business-to-business transactions currently supported by Trade Credit Insurance, a decision that could prevent some furniture retailers from toppling over.

Chris Woodcock is to retire as managing director at Wade Spring, a key supplier to the U.K.'s sofa and bedding industry, after 33 years with the business.

Wayfair was not alone in seeing demand almost double in April with one of its biggest pan-European rivals seeing a similar upswing in demand as more customers stayed home and shopped online.

Large pan-European furniture retailer Beliani — whose operations include a dedicated U.K. storefront — has become one of the first major home ecommerce businesses to accept cryptocurrency payments.

With stores shut and warehouses full-to-the-brim with stock from orders taken in the first two months of the year, a leap in cancellations has been among furniture retailers' biggest fears amid the coronavirus pandemic.

Floorcoverings and furnishings distributor Designer Contracts, a major supplier to the housebuilder industry, doubled profits last year after a large spike in output.

Casper Sleep, the direct-to-consumer mattress business that will exit the U.K. market at the end of this year, maintained upward sales momentum at the beginning of Q2 despite the closure of its store channel.

Sleepeezee is among the first of Britain's heavyweight manufacturers to resume production having introduced new safety measures spanning the reorganisation of its factory to the issue of personal protective equipment (PPE) for employees.

David Woodward, founder and director of upscale sofa maker and logistics company Celtheath, has been installed as the 59th Master of The Furniture Makers’ Company, the industry's dedicated charity and livery company.

BFM, the British Furniture Manufacturers, says the Government's decision to extend the Job Retention Scheme has avoided a "looming cliff edge" for U.K. manufacturers.

Studio, the major general merchandise retailer that is transitioning from paper to digital distance selling, has appointed a new trading director with more than 15 years' senior experience.

Retail giant B&Q said sales fell by more than a fifth in the three months to end April but have recovered sharply after it re-opened its stores with new safety protocols in place.

Having reshaped Britain's beds market in short order, the direct-to-consumer rolled-and-folded mattress segment is morphing again, at pace.

Pin-Wen Hung, the sole director and shareholder in Bedfordshire wholesaler Your China, has acquired the mattress and bedding business of Breasley through a newly-formed company.

June 1 has been pencilled in by many U.K. furniture retailers as the earliest possible re-opening date after the Prime Minister announced the Government's plan to begin easing lockdown restrictions.

An affiliate of Healthcare Co., the Chinese conglomerate behind the Mlily brand, is to increase its stake in British direct-to-consumer mattress brand Otty Sleep.

The owner of a five-store floorcoverings warehouse chain in the South East of England incorporated a new business ahead of the placing of an existing enterprise into liquidation last month.

Swedish beds conglomerate Hilding Anders has wrapped up the sale of its upmarket British bedroom furniture chain Feather & Black.

HTL, sold to a major Chinese furniture group five years ago and one of the largest makers of sofas sold in Britain, could change hands again according to reports in the Far East.

Consumer attitudes to big-ticket spending improved at the end of last month but it remains to be seen whether it represented the start of a recovery or a dead cat bounce.

Former Eve Sleep CEO James Sturrock will this week join floorcoverings retailer Tapi Carpets as its new leader, according to The Telegraph.

At least 12 of Debenhams' 142-store U.K. retail portfolio will not re-open following its latest restructuring exercise after it announced a further five shop closures.

Management at mattress and foam group Breasley say the business is targeting a factory reopening Monday as a hoped-for prepack administration process nears its conclusion.

Consolidation of the U.K. compressed mattress segment will accelerate after bed-in-a-box business Leesa Sleep became the latest to cease operations in Europe.

Balta, Europe's largest textile flooring manufacturer and a major supplier to the U.K. carpet market, says it will start ramping up production in June but warned it won't be operating at full capacity any time soon.

Upholstery inflation at the factory gate was in negative territory for an eighth straight month at the end first quarter, dropping to its shallowest level on record.

The Yorkshire wool supplier that ceded control of Axminster Carpet earlier this year booked a bigger loss for the period that led up to its spring 2019 restructure, but made inroads into debt.

The future of the Breasley mattress and foam conversion group will be finalised imminently after Duff & Phelps were formally installed as administrators late last week.

Silentnight, the country's biggest bed maker, is proposing the closure of its Sealy U.K. factory in Cumbria. Here is what it means for the future of the brand and business in Britain.

Higher costs and a slight fall in sales meant profits were lower but still class-leading at South East furniture retailer Vale Furnishers last year.

Equity holders subscribing for newly-issued shares have taken total investment in the now-five-year-old floorcoverings retail chain Tapi Carpets to well over £50 million.

Revenue climbed sharply in the first quarter of 2020 for the acquisitive conglomerate behind the Mlily mattress brand.

Ecommerce giant Wayfair has near doubled sales since lockdowns were introduced across the markets it operates, as customers shifted spending to the Internet for home goods.

Sweden's Nobia kitchen conglomerate says its U.K. business, headlined by retail chain Magnet, has experienced the worst impact from Government shelter-in-place orders.

Sealy U.K.'s manufacturing plant at Aspatria in Cumbria is to close, the company has announced, putting more than 250 jobs at risk.

Strong orders late last year and into the early part of 2020 helped upholstery brand Stressless achieve high revenue growth in the U.K. and Ireland in the first quarter despite late March pandemic disruption.

Strachan, the direct-to-consumer maker of fitted bedroom, home office and living room furniture, booked higher profits and bolstered cash last year after it grew sales.

Organisers of The Malaysian International Furniture Fair have given up their bid to host the event this year, cancelling its already-revised 2020 edition fearing travel disruption.

New finance chief for £50m vendor of Sheraton, Mackintosh, English Rose and Chippendale brands.

A small Cheshire wholesaler of household goods including bedroom storage is in administration and up for sale despite wiping out earlier deficits in recent years.

Home department store group Leekes has begun a partial reopening of its retail portfolio, starting with two of its units in Wales to shoppers seeking selected product lines.

The majority of the off-price department store chain TJ Hughes was sold for £24.4 million ahead of the residual nine-store business being restructured via a prepack deal earlier this spring.

Heavy investment above and below the line took the edge off the impact of a tough bed market for Leeds mattress and components manufacturer Harrison Spinks last year.

Italian furniture company Natuzzi says the possible delisting of its publicly-traded shares from the New York Stock Exchange will not have an impact on its day-to-day operations.

David Tyler, former chairman at retail giant Sainsbury's, has been appointed to the same post at furniture, home and apparel business The White Company.

Exit from Internet furniture, home and lifestyle retailer coincides with appointment in the aviation services sector.

Four-store furniture and home accents retailer Graham and Green says it believes it has enough cash to survive the financial impact of the coronavirus pandemic but it is still talking to bankers regarding securing additional finance in case the situation doesn't improve.



To read the full story: