Emerging upholstery company Swyft Home has secured a seven-figure supply chain finance deal designed to support business-to-business growth with third-party retailers.

Upholstery giant Man Wah is to acquire a 55 percent stake in a Far East sofa maker that was once one of the largest in the region supplying U.K. furniture retailers.

Italian upholstery giant Natuzzi said it continued to enjoy strong demand in the third quarter but supply challenges presented cost and operational headwinds. Strategic outsourcing is one of three strands to address those.

National upholstery retailer Sofology has launched a new programme of sofas and chairs in collaboration with architect and TV presenter George Clarke.

Sofa.com plans to maintain a physical store presence in the Harrogate area irrespective of whether proposals by Marks and Spencer (M&S) to re-occupy the upholstery vertical's existing store are approved.

Britain's Buoyant Upholstery has been voted one of 11 pan-European winners of a Forest Stewardship Council (FSC) 2021 Furniture Award, which celebrates the producers of sustainable furniture.

Retail giant Next continued to build headcount at its upholstery manufacturing unit in the past year, but output was lower on factory shutdowns. A write-down of assets hit profitability.

Natuzzi Editions will open its largest U.K. store to date when it heads to Bristol next month. It is one of three imminent new showrooms for the Italian upholstery brand, including a first in Dublin, Ireland.

Upholstered furniture and beds retailer Willow and Hall ended a company voluntary arrangement (CVA) ahead of plan after creditors agreed to a revised repayment proposal.

Sofa import growth weakened in September but still grew on an annual basis for an eighth consecutive month on the back of increases from the U.K.'s two largest trading partners.

Delivered sales continued to climb at the same rate in the third quarter as they did in the second in the U.K. and Ireland for Ekornes, owner of upholstery brands Stressless and IMG.

The upholstery group behind the Alstons, Ashley Manor, AMX Design and Alexander & James brands continued to make top line gains in the three months to end September, but the inflationary cost environment hit profits.

The group behind the Parker Knoll, G Plan, Duresta, Collins and Hayes and The Lounge Co upholstery brands is opening a new factory in Worcestershire as it looks to build capacity and future proof its requirements.

Profits at Man Wah Holdings, the recliner and upholstery giant with factories across the Far East and Eastern Europe, climbed almost a third in the six months to end September as sales jumped to record highs.

Upholstery producers are reporting further input price pressures for foam after converters and other suppliers of semi-finished products were hit with increases on polyurethane block supplies.

Gatemore Capital Partners, which describes itself as an activist investor that looks to create rather than just identify value, is said to be building a stake in DFS, Britain's largest upholstery retailer.

Preston sofa cover and reupholstery company Plumbs has introduced a new ecommerce brand offering finished removable cover sofas, armchairs and accessories.

Upholstery retailer Sofas & Stuff will open its fourth new store this year and 19th overall when it opens in a former Laura Ashley unit before 2021 is out.

Buoyant Upholstery has becomes the first company in the furniture sector to join the Slave-Free Alliance, the social enterprise launched by global anti-slavery charity Hope for Justice with the aim of preventing worker exploitation in global supply chains.

Upholstered furniture retailer Sofa Club, which sells online and through lounges in major English shopping centres, will launch its first physical presence in the Midlands next week.

Furniture wholesale giant Actona Group is to expand the scope of its global upholstery operations after agreeing the takeover of private equity backed Danish sofa maker Theca. More deals for other companies will follow, it said.

La-Z-Boy U.K. has acquired North West sofa maker Furnico in a deal that gives the U.S. headquartered upholstery conglomerate manufacturing capability within Europe.

Upholstered furniture shipments continued to rise strongly at the height of summer despite lapping robust figures recorded in the aftermath of the first Covid lockdown.

Revenue fell at all four of West Midlands and Essex upholstery group TCM Living's business units last year but three of them still managed to gain market share from their competitors.

New figures from upholstery group TCM Living show its two largest retail customers—both major furniture chains—were responsible for 61.4 percent of its £100 million plus turnover through 2020.

Plumbs slipped to an overall loss last year but the sofa covers and reupholstery business said it enjoyed a very profitable fourth quarter after benefitting from pent-up demand post lockdown.

The next phase in an intellectual property disagreement between two sofa companies, one in the U.K. and another in Ireland, is scheduled to take place this week.

Customers pivoting away from the web and back to stores along with the collapse of Greensill Capital exacerbated an already perilous situation at Kidderminster sofa maker Wyvern Furniture.

The company behind Kidderminster sofa maker Wyvern Furniture has ceased trading and been placed into administration. All of its employees have been made redundant.

Existing local managers will oversee the business of iconic sofa brand Tetrad after the departure of its longtime md and former owner Janus Cooper, its parent company Belfield has said.

Walking away from tens of millions of pounds worth of business with IKEA was a bold move but Westbridge is finding new custom elsewhere, with both emerging and longstanding customers.

Sofa giant Natuzzi continues to write new orders faster than it can manufacture existing ones according to its incoming CEO, who says the global supplier is prioritising ways to cut lead times.

55-store upholstery chain Sofology could follows its sister DFS brand into Ireland or add more smaller stores once its current new store pipeline has been fully unwound.

Disruption from the pandemic ended a seven-year run of sales growth for upholstered furniture manufacturer Whitemeadow last year, but the decline looks likely to be short-lived.

Upholstery shipments jumped by half at the beginning of the second period of 2021 as the sofa sector continued to grab an outsized share of container availability.

BFM, the trade association for British furniture manufacturers, says the BFM Fabric Show London will return next year, taking place in the week commencing March 7.

Sofology opened a new store last weekend and will add two more this month as it presses forward with plans to expand. It is doing so under new leadership following CEO Sally Hopson’s decision to step down.

Mark Smith has decided to step away from executive duties at upholstery group TCM Living and will be succeeded as CEO by Jonathan Fearn, who is currently the chief financial officer.

First half revenue in the U.K. and Ireland passed 2020 levels for Stressless brand owner Ekornes as the resumption of trade and store reopenings boosted the upholstery conglomerate.



Stay informed. Access all news stories for under £2 per week:



Already a subscriber?    Sign In