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- BEDS & MATTRESSES
Britain's bed industry is warning of further prices rises and extended lead times as it grapples continued cost pressures and reduced availability of raw materials, says the National Bed Federation (NBF).
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- UPHOLSTERY
Sofa Club, the upholstery retailer that operates open-plan lounges across major shopping centres, is readying a second Manchester presence amid plans to ramp up its U.K.-wide network.
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Furniture retailer Made.com Design (Made.com) has agreed a partnership with Geev, the online marketplace where second-hand items can be donated and kept out of landfill.
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- SUPPLY & WHOLESALE
High-end furnishings group Sanderson Design Group hopes to expand distribution of its Morris & Co. brand across east and southeast Asia after penning a new exclusive licensing agreement.
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- BEDS & MATTRESSES
North West mattress maker and foam converter Comfortex maintained its circa mid-single digit net margin in 2019–20 despite the impact of the pandemic.
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- SUPPLY & WHOLESALE
Hampshire lighting supplier Elstead returned to profit in the year to July 31 last year as wider margin and lower costs helped mitigate a second straight slide in revenue.
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- ECOMMERCE
Blankets-to-bedlinen retailer Online Home Shop (OHS) will move into new purpose-built premises in Manchester next year, creating dozens of new jobs.
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Furniture retailer Loaf has partnered technology company Cylindo to launch high-quality 3D product visualisation and 4K zoom capability on its ecommerce channel.
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- RETAIL & DISTRIBUTION
RH, the prestige retailer formerly known as Restoration Hardware, last year acquired a vast Grade I listed country property on the border of Northamptonshire and Oxfordshire. It is expected to open ahead of its planned Mayfair store in London.
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- BEDS & MATTRESSES
A switch to manufacturing personal protective equipment for the NHS was among the factors helping mitigate the impact of customer store closures during the pandemic for bed manufacturer Millbrook.
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- REGIONAL
The company behind the three-store beds and department store retailer Daniel of Windsor has resolved to buy out two shareholders in deals worth £6 million.
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- RETAIL & DISTRIBUTION
Plans to roll out more JYSK stores across the North of England have been prefaced by another seven-figure capital injection by the Danish-owned furniture retailer.
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- RETAIL & DISTRIBUTION
IKEA has undertaken advanced discussions to take a store on Oxford Street, London, one of the U.K.'s most famous retail thoroughfares, according to the Mail on Sunday.
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- EVENTS
Organisers of the Manchester Furniture Show have fixed the details for this year's edition. It will take place alongside the Home & Gift Buyers' Festival, in Harrogate, from July 18–21, 2021.
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First quarter revenue advanced for ecommerce home retailer Wayfair with its international business boosted by store closures in the U.K. and the slow vaccine rollout in Germany.
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- TRADE & INDUSTRY
Four key European furniture and bedding trade associations have united to express their concern over the conflicted response across the EU to the coronavirus pandemic, saying it has created added uncertainty and difficulty.
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- BEDS & MATTRESSES
A majority of online bed buyers would prefer to return to shopping in store for their next mattress, according to consumers polled by The National Bed Federation (NBF).
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- SUPPLY & WHOLESALE
A Nottinghamshire furniture manufacturer specialised in supplying the hotels and hospitality market says new debt finance will help it expand into new contract segments.
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- RETAIL & DISTRIBUTION
Paula Nickolds, the former managing director of John Lewis & Partners, has been named commercial director for general merchandise and clothing by Sainsbury's.
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- SUPPLY & WHOLESALE
The CEO of major foam company Recticel says chemical raw materials supply remains constrained and the situation will endure longer than previously anticipated.
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- RETAIL & DISTRIBUTION
Restructuring advisors have secured a cut-price deal for the brand and other intellectual property of the long-insolvent heritage department store retailer Watt Brothers.
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- RETAIL & DISTRIBUTION
Online home sales climbed strongly for Next in the past quarter, helping to mitigate for its inability to sell clothing in stores owing to the lockdown.
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- RETAIL & DISTRIBUTION
Delivered sales climbed by more than a quarter for the U.K. arm of prestige furniture retailer Roche Bobois in the first quarter as it annualised the enforced closure of its warehouse last year.
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- UPHOLSTERY
Upholstery retailer Sofology will open its 48th store ahead of the late May Bank Holiday weekend, the first of ten planned for the entirety of 2021.
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- RETAIL & DISTRIBUTION
IKEA has launched its delayed buyback and resale scheme, whereby customers can receive vouchers for returning used goods that remain in good condition.
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- BEDS & MATTRESSES
The Spanish owner of bed maker Vispring and bedroom retailer And So To Bed has adjusted the ownership structure of its U.K. bedding interests.
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- RETAIL & DISTRIBUTION
High-end bedroom retailer And So To Bed returned to profit on lower costs in 2020, ending a run of five consecutive loss making years.
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- BEDS & MATTRESSES
Online sales and the unleashing of pent-up consumer demand helped keep a lid on the order decline at high-end bed maker Vispring last year.
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- SUPPLY & WHOLESALE
Fashion house Fendi and B&B Italia owner Design Holding are to form a joint venture to make, market and sell furniture and furnishings under the Fendi Casa brand.
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- SUPPLY & WHOLESALE
Confidence among U.K. furniture makers has improved as the retail sector emerged from lockdown restrictions to a surfeit of new orders.
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- FLOORCOVERINGS
Victoria, the acquisitive flooring conglomerate, has agreed to buy Dutch artificial grass supplier and carpet backing company Edel Group from its private equity owners.
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- RETAIL & DISTRIBUTION
Extreme lender enforcement action has yielded the desired response from those controlling the investment company that once owned storied U.K. furniture brands spanning Wesley Barrell to Collins and Hayes (C&H).
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- BEDS & MATTRESSES
Sales in the U.K. have benefitted from pent-up demand in the three weeks since stores reopened according to the CEO of Tempur Sealy International, the world's largest bedding business.
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- FLOORCOVERINGS
Mohawk Industries, the world's largest flooring company with business units across the globe including Britain, says the first quarter of 2021 saw it achieve best-ever quarterly sales.
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- RETAIL & DISTRIBUTION
Retailer IKEA will next month open its first IKEA Décoration store, the latest in a series of new-format pilots being trialled by the home and garden conglomerate.
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- RETAIL & DISTRIBUTION
Furniture retailer Made.com Design (Made.com) is to increase U.K. warehousing capacity in response to an increased need driven by higher sales.
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- RETAIL & DISTRIBUTION
Shareholders in Loaf, the born-online furniture retailer with a slew of showrooms in affluent locations, are said to have hired advisors to explore a sale of the company.
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- REGIONAL
The pandemic meant Vale Furnishers, which trades from two stores in affluent Surrey towns, lost more than a fifth of its revenue in 2019–20. Cost controls helped it improve its net margin.
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- FLOORCOVERINGS
Headlam, Europe's largest flooring distributor, plans to reduce the headcount in its field sales team in the U.K. amid rising orders being taken online. It has also announced the sale of one of its business units in mainland Europe.
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- TRADE & INDUSTRY
Batley based furniture maker and retailer HSL is among several industry companies claiming a Queen's Award for Enterprise for 2021.
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- UPHOLSTERY
Whitemeadow, the upholstered furniture manufacturer that employs over 650 people across its East Midlands factories, has launched an online Careers Hub.
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- REGIONAL
Furniture and flooring retailers across all parts of the U.K. will be back open from later today (Friday) as coronavirus restrictions in Northern Ireland are eased.
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- UPHOLSTERY
Upholstery vertical Sofa.com found extra margin and modest pro-rata sales growth in the first period since it was bought by Frasers Group in 2019.
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- RETAIL & DISTRIBUTION
All eleven Habitat mini-stores in Sainsbury's supermarkets nationwide are closed following the rethink that saw the brand become the leading furniture and home brand across the J Sainsbury group eco-system.
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- RETAIL & DISTRIBUTION
A downsized store estate and widespread Covid-closures failed to prevent general merchandise retailer Argos delivering double-digit growth in the year to March 6.
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- SUPPLY & WHOLESALE
Actona Company, the circa £230 million Danish furniture supplier, is expanding its herringbone cabinet offer to more countries as it builds on its popularity in the Scandinavian market.
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- RETAIL & DISTRIBUTION
First quarter U.K. sales declined in only single digit percentages for the owner of kitchen chain Magnet despite its entire store estate being shuttered throughout.
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- UPHOLSTERY
Sofa maker Furnico said excellent cost management and internal efficiencies helped it find additional margin last year, mitigating a lockdown-induced turnover drop.
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- BEDS & MATTRESSES
Widening its network of suppliers and rationalising some raw material products has helped Hypnos steer a course through supply chain challenges, the company has said in just-filed accounts.
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- UPHOLSTERY
Upholstery market leader DFS has appointed a new creative agency to manage its advertising account, ending a 10-year association with current incumbent Krow Communications.
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- RETAIL & DISTRIBUTION
Maisons du Monde, the French furniture and home décor business with a large U.K. online operation, has appointed Régis Massuyeau as group chief financial officer.
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- RETAIL & DISTRIBUTION
Mike Broughton has been promoted to the board of national retailer Furniture Village as I.T. and business development director.
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- REGIONAL
Privately-owned furniture retailer Hafren Furnishers plans to add to its large 70,000sqft existing store with a second unit in Mid Wales.
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- BEDS & MATTRESSES
Batley bed maker Apollo Beds bolstered its balance sheet after landing an increase in profits in the period taking in the first few months of the pandemic.
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- RETAIL & DISTRIBUTION
All shares in the renascent Beale department store business were last year transferred to the same holding company as Fabb Furniture, the retailer that rebranded from AHF, new filings show.
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Ecommerce marketplace Notonthehighstreet Enterprises (NOTHS), the company behind Notonthehighstreet.com, has appointed Edward Wagener as its chief financial officer (CFO).
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- SUPPLY & WHOLESALE
Chaucer Logistics, a specialist provider of logistics services to the furniture sector, has begun a seven-figure expansion project that will see it add extra storage capacity before the end of 2021.
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- RETAIL & DISTRIBUTION
Furniture and lighting sales rose in March as the ability to carry on delivering goods compared with the abrupt cessation of all trade in the same month last year. On a two-year basis, sales remained significantly down.
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- REGIONAL
JH Cooper & Son, a longstanding independent furniture retailer at Cambridge in the East of England, has closed its doors for the final time, bringing over a century of trade to a close.
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- RETAIL & DISTRIBUTION
Paula Vennells, the former Post Office chief executive, has resigned from the board of Dunelm, the national home furnishings retailer, with immediate effect.
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The second Online Furniture Show begins today (April 26) with the backing of eBay, the Internet marketplace website, as its headline sponsor.
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- UPHOLSTERY
Upholstery conglomerate La-Z-Boy is among a number of investors joining a $15 million Series B funding round for U.S. furniture ecommerce company Floyd.
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- COMMUNITY
A sponsored run by Phil Reynolds and Emma Delea, managers at furniture test houses SATRA and FIRA International respectively, will begin a year of fundraising for The Furniture Makers' Company's new Step To It campaign.
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- RETAIL & DISTRIBUTION
Big-ticket spend intention among U.K. consumers remained flat in April but the cash is there and people are more bullish about the state of the economy over the next 12 months.
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- ECOMMERCE
The ecommerce group that owns Furniture123, often cited as the U.K.'s first online furniture retailer, has signed a deal for a new Midlands distribution centre and plans to scale two-person deliveries.
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- SUPPLY & WHOLESALE
The price of materials and fuels used by U.K. furniture makers rose at its fastest pace in nearly three years in March, new official figures show.
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- BEDS & MATTRESSES
Mattress retail and wholesale brand Emma - The Sleep Company says U.K. sales almost doubled in the first quarter as it continued to benefit from competitor withdrawal.
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- UPHOLSTERY
Nicoletti Home, the Italian sofa manufacturer, will host a U.K. appointment-only event for its British and Irish furniture customers in Nottingham next month.
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- RETAIL & DISTRIBUTION
Barker and Stonehouse says it will champion change with leading a green revolution in the furniture retail sector at the heart of its strategy as it celebrates its 75th year in business.
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- BEDS & MATTRESSES
Savoir Beds, the prestige bed manufacturer and retailer, is this week opening a new flagship showroom in the heart of Mayfair, London.
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- CASE GOODS
Leeds fitted furniture vertical Strachan remained cash generative and profitable despite sales falling as a result of the first lockdown last year.
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- REGIONAL
Privately-owned Kent furniture retailer Lukehurst has added 4,000sqft of space to one of its southeast stores with the addition of a mezzanine floor.
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- COMMUNITY
The partnership between retailer Bensons for Beds and the British Heart Foundation (BHF) has raised millions of pounds since it started in 2013, with £90,000 alone generated in the past year.
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- FLOORCOVERINGS
Victoria, the diversified flooring manufacturer and distributor, has picked up three Italian tile peers in deals worth a combined €35 million. They are the first, and smallest, of several deals in the pipeline, the company said.
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- RETAIL & DISTRIBUTION
Midlands-headquartered furniture chain NCF Living found double-digit sales growth in the run up to and including the early weeks of the pandemic.
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- DEALS & FINANCE
Timothy Oulton, owner of the eponymous international furniture brand, increased his stake in interior design company Andrew Martin International last year after acquiring the shares of a number of outgoing shareholders.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) is hosting and streaming regular video podcasts online as it looks to harness the expertise of leading industry professionals across the mattress sector.
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- UPHOLSTERY
44 people a day lose their lives to bowel cancer in the U.K. and sofa retailer ScS, in partnership with its local football team and broadcaster ITV, organised a stunt to raise awareness of the symptoms.
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- RETAIL & DISTRIBUTION
New DFS filings disclose the market-leading upholstery group's cash position through the rump of the just-ended lockdown as well as early pandemic figures for two of its furniture retail subsidiaries.
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- TRADE & INDUSTRY
The Furniture Industry Research Association has published a guide to furniture packaging present and future, exploring existing materials and alternative regulations the industry may be compelled to adopt.
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- DEALS & FINANCE
Design Holding, the investment group behind prestige furniture and lighting brands including B&B Italia, Louis Poulsen and Flos, has agreed to buy YDesign Group, a large U.S. based ecommerce lighting retailer.
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- DEALS & FINANCE
Herman Miller and Knoll, both major players in the supply of office furniture worldwide, are to merge, with the former buying the latter in a deal worth $1.8 billion.
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- SUPPLY & WHOLESALE
The diversified wholesaler behind the Aruna Homeware business made sales gains in the period leading up to and including the early weeks of the pandemic, but not in its home accents unit.
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- RETAIL & DISTRIBUTION
Department store retailer John Lewis & Partners is targeting first home buyers and house-proud renters with a collection of furniture and other goods under its new and far cheaper Anyday in-house brand.
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- RETAIL & DISTRIBUTION
Furniture retailer The Cotswold Company says one-way video calls between shoppers and sales consultants wearing body cameras in its shops mitigated the impact of enforced early 2021 store closures, and are here to stay.
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- UPHOLSTERY
Profits climbed on higher sales and wider margins last year for sofa manufacturer Ashwood Designs against a backdrop of increasingly difficult market conditions with the impact of the pandemic and Brexit.
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Amazon is said to be mulling white glove furniture services in its domestic market, further treading on the toes of incumbent independent, multiple and online retailers in the big-ticket retail sector.
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- SUPPLY & WHOLESALE
Home office and workplace furniture maker and wholesaler Dams booked smaller profits on lower sales last year but continued to generate cash.
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- UPHOLSTERY
Nicoletti Home says worldwide revenue is up 20 percent so far this year with the Italian sofa maker calling for raw material suppliers to better support manufacturers so the industry can continue to meet demand.
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- ECOMMERCE
Amara Living, the premium ecommerce interiors retailer, grew sales 54.1 percent in 2020 and says revenue has snowballed at twice that rate in the first three months of this year.
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- BEDS & MATTRESSES
Foam and sprung mattress imports into Britain climbed for the third straight month in February and have now trended lower only once in the past six reported periods.
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- SUPPLY & WHOLESALE
A rise in the number of shipments from Vietnam and China docking at U.K. ports floated living, dining and bedroom cabinet imports to new heights at the start of 2021.
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- UPHOLSTERY
Sofa Club, the upholstery company that operates open-plan retail lounges in shopping centres, has opened a sixth U.K. location and a fourth in southeast England.
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- FLOORCOVERINGS
Wood, laminate and vinyl floor retailer Factory Direct Flooring has increased capacity after taking a larger Midlands warehouse unit.
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- FLOORCOVERINGS
Designer Contracts, the floorcoverings and furnishings supplier to the house-builder market, has taken new hires since January to 25 with its latest appointments.
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- UPHOLSTERY
Upholstery imports into the U.K. jumped by almost a quarter in February despite almost every major source nation for British buyers seeing a year-on-year decline.
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- FLOORCOVERINGS
Profits more than trebled in the lead up to the pandemic for one of the U.K.'s largest privately-owned floorcoverings companies.
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- FLOORCOVERINGS
Carpet and rug imports from Turkey are up more than a quarter in 2021 so far according to new official figures, helping mitigate the continued fall in the value of goods coming in from historic trading partners.
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- RETAIL & DISTRIBUTION
Private equity backed outdoor furniture retailer Moda Furnishings is expanding its store portfolio after a period in which sales have escalated.
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- ECOMMERCE
Home furnishings giant Wayfair will soon run its third Way Day promotional event in the U.K., returning it to a spring dateline following a switch last year.
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- BEDS & MATTRESSES
Keen & Toms Holdings, parent to bed maker Hypnos and bed delivery company Keen & Able, cut its net loss in half in 2019–20, a year it described as challenging but with many sustainable accolades.
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- SUPPLY & WHOLESALE
February saw Britain's furniture makers complete a 12th straight month of declining year-on-year manufacturing turnover, according to new official figures.
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- TRADE & INDUSTRY
Furniture and furnishing industry failures dropped to a record low in the first quarter of 2021 according to official insolvency filings, we revealed last week. There are only three plausible explanations as to why.
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- RETAIL & DISTRIBUTION
Bed retailer Mattressman delivered on its forecast return to profit in the year leading up to the pandemic, buoyed by online sales and the performance of stores that remained opened following a 2018 restructure.
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- RETAIL & DISTRIBUTION
Fashion-to-furnishings retailer Next is said to have agreed to take on the John Lewis At Home store in Newbury after it was earmarked for closure by its current incumbent.
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- RETAIL & DISTRIBUTION
The spring of 2021 sees new stores and relocations for the BoConcept brand in the U.K., as franchisees expand or renew their operations in different locations.
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- FLOORCOVERINGS
The reopening of stores sees fast-growing retail chain Flooring Superstore pick up the expansion baton again as it looks to double in size through 2021.
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- RETAIL & DISTRIBUTION
Alistair McGeorge, whose departure as chairman at The Original Factory Shop was announced last summer, has rejoined the business in the same role. The retailer has concurrently set out plans for a significant store expansion programme.
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- CASE GOODS
Nobilia, Europe's largest kitchen manufacturer, has recapitalised its U.K. kitchen retail business Kutchenhaus via a seven-figure equity injection.
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- RETAIL & DISTRIBUTION
Park Furnishers, the Leekes-owned furniture retailer, yesterday opened its new Bristol store while across the city it restarted the £5 million relocation sale at the large Bedminster site it is vacating.
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- RETAIL & DISTRIBUTION
Monday will be a good day. Furniture and flooring retail stores in England and Wales reopen with demand, hopefully, as punchy as it was when previous restrictions were eased after prior lockdowns last spring and autumn.
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- REGIONAL
The md of privately-owned furniture retailer Gillies of Broughty Ferry says the planned expansion of its destination store at Inverness will bring a number of benefits.
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- BEDS & MATTRESSES
The biggest challenge for bed manufacturers is not demand, but how to fulfil it and make a profit in the process, according to new data from the National Bed Federation (NBF).
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- REGIONAL
Emerging furniture retailer The Designer Rooms has opened a further Glasgow area showroom in a unit formerly occupied by Harveys, the no-longer-trading U.K. retail chain.
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- FLOORCOVERINGS
The easing of travel restrictions around the world is helping grease the wheels of Victoria's acquisition strategy, with the flooring conglomerate soon to announce new takeovers.
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- RETAIL & DISTRIBUTION
The U.K. is among nine European markets where IKEA will launch sofa covers made out of recycled denim for one of its iconic upholstery designs.
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- UPHOLSTERY
West Midlands sofa maker back in the black in 2019–20 after adjustments to raw material sourcing yielded margin improvements for the company.
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- FLOORCOVERINGS
A Midlands based flooring company that had traded under at least three different retail brand names has been placed into liquidation, owing millions to creditors.
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- SUPPLY & WHOLESALE
Bed and bath textiles distributor and retailer Bedeck bolstered liquidity in the year to end September, mitigating the negative impact of the pandemic on its business.
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- COMMUNITY
The Furniture Makers' Company, the industry charity and City of London livery company, is launching Step 2 It, the largest fundraising campaign in its 120-year history.
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- UPHOLSTERY
Italian sofa giant Natuzzi is in talks with a large Vietnamese furniture maker that could see it expand its operations in the Asia Pacific region. It follows a similar arrangement made with the owner of the Kuka brand in 2018.
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- RETAIL & DISTRIBUTION
Dunelm says its stores are well stocked and ready for reopening with the home and furniture chain anticipating a strong consumer response when restrictions are eased next week.
- Details
- REGIONAL
East Midlands furniture and furnishings retailer Toons is now delivering nationwide after the launch of a new transactional ecommerce website.
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- BEDS & MATTRESSES
Bed manufacturer Burgess Bedding and pocket spring maker Wolf Components have joined the National Bed Federation (NBF), the trade association has announced.
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- ECOMMERCE
Room To Grow, the Yorkshire based children's bedroom specialist, has increased the size of its teen furniture offer in response to rising search volumes across its ecommerce store.
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- RETAIL & DISTRIBUTION
Routine monitoring of the way extended warranties on big-ticket items are sold has cost Argos well over £500,000 in goodwill payments and serves as a warning to other retailers.
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- UPHOLSTERY
Tony Ashwell, who died last month aged 73, was a legendary furniture industry figure who played a key role in building DFS into the largest and most successful sofa retailer in the country.
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- UPHOLSTERY
Furnishings-to-fashion retailer Next has launched into the emerging sofa-in-a-box category with an own-brand product at an entry-level price point.
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- RETAIL & DISTRIBUTION
High-end furniture brand Roche Bobois will boost its presence in the North of England with a second store and a first in Yorkshire.
- Details
- UPHOLSTERY
Upholstery revenue from customers in Europe climbed double-dight last year for the business that once ran U.K. sofa chain Easy Living Furniture.
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- TRADE & INDUSTRY
The number of U.K. furniture, flooring and furnishings companies falling insolvent fell to record lows in the first three months of 2021, despite limited trade because of coronavirus restrictions.
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- ECOMMERCE
Newly-filed figures are indicative of strongly positive trading for the company behind the Oakworld.co.uk and Sofaitalia.co.uk ecommerce furniture websites through 2019–20.
- Details
- RETAIL & DISTRIBUTION
Most furniture and flooring stores in Scotland reopened their doors to the public for the first time this year yesterday following the widening of the definition of essential retail.
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- FLOORCOVERINGS
Rochdale manufacturer Penthouse Carpets said trading was steady ahead of the arrival of the pandemic with the final three months of its financial year hit by the first lockdown.
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- RETAIL & DISTRIBUTION
Nish Kankiwala, CEO at bakery giant Hovis, is to replace Laura Wade-Gery on the board of John Lewis Partnership, the department store and supermarket retailer.
- Details
- BEDS & MATTRESSES
Kent bed manufacturer Sleepeezee has launched a spring price promotion for National Health Service (NHS) staff running throughout April.
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- RETAIL & DISTRIBUTION
Major third-party furniture brands selling on the Next digital platform will pivot away from a drop ship model in the year ahead as the retailer looks for a cost and service improvement.
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- RETAIL & DISTRIBUTION
General merchandise retailer Next says furniture and home sales from third-party brands have climbed by more than half in the past year with another double-digit rise forecast for 2021–22.
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- UPHOLSTERY
Upstream cost pressures continue to create supply chain difficulties according to the managing director of Wade Spring, whose customers include many of the U.K.'s most important sofa manufacturers.
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- UPHOLSTERY
Sofa-in-a-box brand Snug has agreed a three-and-a-half year supply chain contract with Wincanton, the logistics giant that already partners a slew of U.K. home furnishings retailers.
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- FLOORCOVERINGS
Independent flooring retailer and contractor Mears Furnishers strengthened its financial position in the year leading up to the early weeks of the pandemic.
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- RETAIL & DISTRIBUTION
Direct-to-consumer mattress company Eve Sleep has named Mike Lloyd, the chief operating officer at former FTSE 250 business McCarthy & Stone, as its new chairman.
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- RETAIL & DISTRIBUTION
SKG Capital, a turnaround investor with extensive past experience in the home furnishings sector, says it plans to invest £20 million in retail and consumer businesses this year.
- Details
- BEDS & MATTRESSES
A small mattress business in West Yorkshire has changed its company name following an objection from Belgian bedding and components company Latexco NV.
- Details
- RETAIL & DISTRIBUTION
One in every seven pounds owed to consumers creditors of former upholstery retailer Fabb Sofas has gone unclaimed despite the cash being fully-protected and available for refund.
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- SUPPLY & WHOLESALE
Sales jumped double-digit despite challenging market conditions for lighting supplier Cascade in 2019–20, but profits declined on thinner margins.
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- FLOORCOVERINGS
Nestware Holdings, part of the Meditor Group that took Carpetright private early last year, has agreed to buy major flooring distributor Carpet & Flooring from its private equity backer Endless. It is its third acquisition in six months.
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- UPHOLSTERY
Both of upholstery retailer Sofas & Stuff's latest stores will open April 12 when lockdown restrictions are eased, including one in a prominent former beds showroom.
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- SUPPLY & WHOLESALE
Upmarket furniture, lighting and accessories company Porta Romana was impacted by the early weeks of the pandemic, but it said it bounced back after the first lockdown.
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- FLOORCOVERINGS
Carpetright will begin a recruitment process to find a successor to chief executive Wilf Walsh, who has become chairman at the retail chain's parent company Nestware Holdings.
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