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Man Wah Holdings, the upholstery and recliner giant with manufacturing operations across the Far East and Eastern Europe, hopes to raise the equivalent of £224 million to fund expansion and modernisation activities.
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A gain on the sale of freehold property softened the impact of a weaker trading for The Sofa & Chair Co. in the period leading up to the arrival of the pandemic.
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Robert Mynett, son of Brian Mynett who passed away last week, shares a letter written by his father to his step-brother Scott Ramsay in August 2006 after he had endured a particularly difficult day.
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Brian Mynett, the former Christie-Tyler executive who was later responsible for driving the U.K. expansion of Italian sofa giant Natuzzi, has died. He was 80 years old.
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Vita Group has agreed to pay €6.1 million to acquire southern Italian flexible foam producer I.M.P.E from Natuzzi, the upholstery manufacturing giant.
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Ekornes, the Norwegian recliner company behind the Stressless and IMG brands, recorded a loss at its U.K. and Ireland operation in 2019 during what was, it said, a year of consolidation.
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The Incanto Group is planning a three-month show-van tour in the U.K. after a similar exercise by the sofa maker resulted in it picking up new accounts for its relaunched Digiò Leather Sofas by Sofitalia brand here this autumn.
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Italian sofa maker Nicoletti Home says U.K. sales will end 2020 up in mid-single digits after it successfully navigated raw material challenges to deliver its order book to customers on time and in full.
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Sofas & Stuff has lined up a first showroom in Hertfordshire as the upholstery retailer continues to expand its national footprint.
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North West sofa covers and soft furnishings business Plumbs booked flat underlying profits last year, saying it had been a period of consolidation following earlier restructuring.
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Upholstered furniture imports climbed at their fastest pace in over a year as global suppliers played catch-up in the wake of strong demand across U.K. retail stores and online.
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A temporary moratorium on shareholder payouts and M&A activity is over for upholstery giant DFS after it agreed new extended debt terms with lenders.
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Whitemeadow, Britain's biggest owner-run upholstery producer, maintained its growth story last year as it reached what is likely to be a revenue peak ahead of the pandemic and Brexit transition.
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Ashley Manor, the West Midlands sofa maker, was the biggest growth driver for the Thai-owned TCM Living upholstery group as two of its four major business units outperformed the U.K. market last year.
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The group behind the rise and recline chair and adjustable beds brands Middletons and Oak Tree found top line growth and positive cashflow as it built out its retail footprint following earlier investment.
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Upholstered furniture manufacturer Whitemeadow is to open up its Sutton-in-Ashfield HQ to showcase its new collections early next year.
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Ecommerce upholstery startup Swyft Homes is this week introducing a rapid turnaround next-day delivery service for customers.
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The West Midlands upholstery brands that form the largest part of the Thai-owned TCM Living group look to have outperformed the U.K. sofa market last year, new data shows.
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TCM Corp, the majority owner of U.K. upholstery group TCM Living, has promoted a new group chief executive from within the Thailand based organisation.
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Upholstery market leader DFS has expanded its presence in the North West with its already-signposted Barrow-in-Furness unit pulling up the shutters for the first time this weekend.
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Company Voluntary Arrangement (CVA) at sofas, sofabeds and upholstered beds retailer that previously featured in Fast Track 100 list of Britain’s fastest-growing private companies.
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Italian upholstery vertical Natuzzi will expand its retail footprint in the U.K. this Christmas amid strong demand so far this year for its Natuzzi Editions brand.
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The British arm of upholstery producer La-Z-Boy has gifted three high-end recliners to the staff wellbeing area at the Royal Berkshire Hospital.
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Upholstery retailer Sofology will take store numbers close to 50 with the opening of three more units this side of the New Year, starting tomorrow on the South Coast.
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Revenue fell mid-single digits for Natuzzi in the third quarter but the Italian upholstery manufacturer and retailer said the order outlook is brighter.
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ScS, Britain's number two upholstery retailer, has recruited a former Home Retail Group executive as the successor to David Knight, its longstanding CEO.
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Upholstery group TCM Living posted high third-quarter growth on the back of a flood of post spring-lockdown orders but said demand has outstripped its capacity, impacting costs.
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Orders placed after furniture retailers sprinted out of the first national lockdown resulted in upholstery imports into the U.K. climbing at their fastest pace in 12 months.
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Half-year revenue and profits advanced for upholstery giant Man Wah Holdings in the six months to end September despite a big fall in sales across Europe.
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Revenue jumped by a third for Jason Furniture Hangzhou Co. in the third quarter as demand skyrocketed for the Chinese upholstery conglomerate's products and brands.
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Sofa market leader DFS has played down the impact of the new lockdown in England, saying its experience of earlier this year leaves it with a more sanguine outlook.
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Upholstery producer Man Wah Holdings has strengthened its leadership team with the appointment of Feng Guohua as chief executive officer (CEO).
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U.K. and Ireland revenue continued to recover for Norwegian upholstery giant Ekornes in the third quarter putting it close to even for the year so far.
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Emerging upholstery startup Swyft Homes says it has already beaten its £2 million sales target for its launch year with it forecasting revenue of half that again by Christmas.
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Furniture manufacturer Whitemeadow will move its upholstered bed frame production early in 2021 after taking a new facility that will also provide the scope to consolidate its manufacturing operations across fewer factories.
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A first showroom in Oxfordshire will become upholstery retailer Sofas & Stuff's fourth new space to open since the summer when it throws open its doors this December.
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The U.K.'s first dedicated Noble Souls upholstery showroom, revealed by The Furnishing Report earlier this month (see related), will open November 27, it has been announced.
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Direct-to-consumer upholstery source Swyft Home has chosen two-man delivery service provider Panther Warehousing as its sole delivery and warehousing partner.
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Recliner giant Man Wah Holdings has not given up its attempt to take control of HTL despite the already-completed sale of the leather upholstery colossus back to its founder.
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A key cog in the U.K. upholstery supply chain that lost out following the failures of QFC, Multiyork and Ultra more than recovered all that revenue and more in the year to March 31, 2020.
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