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The pace of furniture store re-openings 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.
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Diversified East Midlands upholstery group JDP Furniture Group was among the first business casualties of the current crisis after Laura Ashley filed for administration.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Westbridge, one of Europe's largest upholstery producers, is to make personal protective equipment (PPE) for the NHS, as it joins the response to the coronavirus pandemic.
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Narrower margins and lower group revenue prompted a fall in profits at major upholstery group Sofa Brands International last year. Three of its business units still achieved higher sales.
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Staff at Lincolnshire sofa manufacturer Lebus Upholstery have been producing personal protective equipment (PPE) for local organisations, aiding the effort to tackle the coronavirus pandemic.
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Sofa market leader DFS will not make any opportunistic acquisitions if rivals fall by the wayside through the Covid-19 crisis after it agreed with lenders to a moratorium on takeovers.
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Upholstery chain DFS has raised access to £134 million in additional debt and equity and says it now has enough liquidity to survive through December, even if a full lockdown were to remain through that period and trading conditions continue to be weak thereafter.
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Sofas by Saxon, the Lancashire furniture manufacturer, has begun producing personal protective equipment (PPE) and called on its industry peers not already doing so to follow suit.
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ACL, one of Britain's largest privately-owned sofa manufacturers, has turned its production expertise to the effort to equip front-line health and care workers.
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Some of Europe's largest upholstery producers have re-platformed their manufacturing towards personal protective equipment (PPE) amid the coronavirus pandemic.
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Upholstery market leader DFS says it is close to agreeing an additional debt facility to aid liquidity until it can unwind its order book, which has been bolstered by recent ecommerce gains.
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Upholstery boss since 2018 moves on to the marketing sector, returning to a CFO position.
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Tessutica, owner of the Ragolle Fabrics and Beaulieu Fabrics brands, has introduced a 100 percent recycled and recyclable upholstery covers product line.
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Customers have praised the appointment of Andy Kennaugh as managing director at sofa maker Alstons, describing him as one of the best in the trade.
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Upholstery imports into the U.K. declined from most major source nations with one notable exception as Poland continued to emerge as the dominant origin of European-made sofas sold here.
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The insolvency of a West Midlands based direct-to-consumer manufacturer of soft furnishings products has left creditors facing a shortfall.
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Sherborne, one of the U.K.'s best capitalised upholstery manufacturers, found margin gains to boost profits last year. Sales were flat.
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East Midlands upholstery manufacturer JDP Furniture Group has been placed into administration after it was adversely impacted by the insolvency of Laura Ashley, a major customer of one of its production units.
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Hopes are high for the future of rise and recline upholstery producer Celebrity Motion Furniture despite the company and its parent being placed into administration late last week.
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ScS chief executive David Knight, who announced his intention to retire back in January, has agreed to remain in place for an extended period of time as the group navigates the coronavirus crisis.
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Upholstery manufacturing giant La-Z-Boy has taken steps to conserve cash including salary cuts and the furloughing of thousands of employees worldwide.
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National upholstery retailer Sofas & Stuff celebrated a decade in business last year, expanding its showroom network and booking six-figure profits.
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DFS says it has put the brakes on almost all spending and has spelled out the cash impact of the enforced closure of its operations, saying it will cost the business millions of pounds each month.
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Upholstery and carpets chain ScS said order intake was up 3.3 percent in the seven weeks to March 14 but cautioned of falling footfall in recent days and said it would delay the release of its full interim results until nearer the end of the week.
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Production at Natuzzi's operations in China are normalising as fears grow for its factories back in its native Italy amid the nationwide lockdown in the country.
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The Norwegian recliner giant behind the Stressless brand endured Brexit-related headwinds in the U.K. and Ireland market last year but sales in reporting currency were still close to flat.
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Openings planned for the second half of 2020 will see sofa chain Sofology reach a half-century of stores by the end of this year.
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DFS says it is actively reviewing the cost structure of its Sofa Workshop brand after the business unit took a hit from weak demand and a one-off systems issue.
