Furniture

Ashley Furniture to invest USD65m in logistics centre

23.03.2017 − US-American Ashley Furniture Industries is set to spend USD65m on building a new logistics centre with an area of about 850,000 sqft or nearly 80,000 m² in Mesquite, Texas. » more

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Investor process at Nieburg Küchen officially initiated

21.03.2017 − In the provisional insolvency proceedings for German Nieburg Küchen a structured investor process was initiated on 6 March. » more

Howdens: Turnover growth slows in 2016

15.03.2017 − Growth at the British Howden Joinery Group (Howdens) has slowed slightly. » more

Turnover of German furniture industry up by 3.2%

10.03.2017 − In the entire period of 2016 turnover of the German furniture industry increased by 3.2% to €17.957bn. » more

la Cour: Insolvency filed for Allmilmö, Zeyko and Nolff

08.03.2017 − On the evening of 23 February, the kitchen- and bathroom-furniture division of German Cour Holding filed for the commencement of insolvency proceedings at the Bamberg district court. » more

Alno intends to relocate service units overseas

06.03.2017 − The first details concerning negotiations on the restructuring programme of Alno which was announced in January, have now been revealed. » more

Schmidt Küchen’s industrial turnover increases to €500m

01.03.2017 − French Schmidt Groupe, which owns German Schmidt Küchen, increased its industrial turnover in the 2016 financial year by 14% to roughly €500m.» more

Nobilia pushes capacity expansion in Kaunitz

24.02.2017 − With the long-scheduled expansion of the Verl-Kaunitz plant as well as ongoing assessment of investment possibilities in China, German Nobilia-Werke J. Stickling intends to lay foundations for further growth. » more

Polish kitchen production rose at double-digit rate

21.02.2017 − Polish production of kitchen furniture made out of wood shot up 40% to 1.305m units in the fourth quarter of 2016 compared with the prior-year period. » more

Nobia: After-tax result plunges into the red

16.02.2017 − The result after tax of Swedish Nobia slid into the negative zone in the fourth quarter of 2016 at -SEK264m. » more

Alno concern shows renewed turnover growth of 4%

14.02.2017 − According to provisional figures, concern turnover at German Alno increased in the 2016 financial year by more than 4% year on year. » more

Forte and IFPL start furniture joint venture in India

08.02.2017 − According to an ad hoc notice published on 18 January, Polish Fabryki Mebli Forte intends to become part of a joint venture in India with Indian Furniture Products (IFPL).» more

Lacquered laminates raise their market share again

03.02.2017 − Foil surfaces for kitchen fronts sold as lacquered laminates garnered more market share again last year. » more

Insolvency proceedings at Röhr-Bush suspended

01.02.2017 − The insolvency proceedings under own administration at German Röhr-Bush were suspended, as expected, with effect from 31 December 2016. » more

Steelcase generates profit in the EMEA region again

26.01.2017 − In the third quarter of its 2016/2017 financial year (28 Feb.), US-American Steelcase generated an operating profit in the EMEA region of US$2.7m, after the previous year had seen a loss of US$14.9m. » more

Häcker Küchen exceeds €500m turnover

23.01.2017 − In 2016, German Häcker Küchen showed year-on-year turnover growth of 9.9% to €512m, thereby exceeding the annual-turnover mark of €500m euros for the first time. » more

Nobia selling Poggenpohl to Adcuram Group

20.01.2017 − Swedish Nobia has come to an agreement with German Adcuram Group on the sale of Poggenpohl Möbelwerke. » more

Furniture industry turnover declined in October

19.01.2017 − Following the generally positive development in preceding months, total turnover of the German furniture industry in October 2016 significantly declined again by comparison to the previous year’s figure. » more

French furniture trade up again slightly in October

13.01.2017 − Turnover in the French furniture retail trade increased again slightly by 1% in October 2016. » more

Kitchen furniture exports rise by just over 10%

11.01.2017 − German kitchen furniture exports increased by 10.3% in the first nine months of 2016 to €1.411bn. » more

Household furniture exports: Slight decline in growth

30.12.2016 − Following an increase of 5.6% in the first half of 2016, the growth rate for German exports of living room, dining room and bedroom furniture slackened off slightly again in the third quarter. » more

Furniture industry: Total turnover up by 2.5%

22.12.2016 − The German furniture industry increased its turnover by 2.5% in September 2016 vis à vis the comparative month of the preceding year to €1.702bn. » more

Growth in Ikea’s results greater than in sales revenue

16.12.2016 − The Swedish IKEA group raised its net profit by 20% in its business year 2015/2016 (31 August) to €4.2bn. » more

Higher exports support growth in kitchen industry

13.12.2016 − In September turnover in the German kitchen furniture industry increased by a total of 2.4% vis à vis the corresponding month of the preceding year to €477.2m. » more

Turnover in German furniture trade to reach almost €28bn

08.12.2016 − The association of German furniture, kitchen and interior finishing dealers is expecting net turnover (excluding VAT) to the amount of almost €28bn this year in the German furniture and kitchen trade. » more

Forte books another strong increase in its earnings

29.11.2016 − Polish Fabryki Mebli Forte delivered another strong improvement in its earnings in the third quarter. » more

Tahoe publishes Alno takeover bid

24.11.2016 − On 16 November, Tahoe Investors, which belongs to Eastern Horizon Group Netherlands and Brillant 1953. submitted a joint bid to the company’s shareholders for takeover of the Alno-registered shares of Alno. » more

German furniture exports increase again in August

15.11.2016 − German furniture exports in August grew overall year-on-year by 4.4%, thereby showing a significantly better trend than in the preceding months. » more

Whirlpool transfers Alno shares to Tahoe

10.11.2016 − On 31 October Tahoe Investors acquired all shares in Alno which had previously been held by Whirlpool Germany and consequently became the company’s new majority shareholder.» more

Kitchen furniture: Export sales offset domestic decline

04.11.2016 − In August domestic turnover in the German kitchen furniture industry declined by comparison to the preceding year, and by a similar amount to the figure recorded in July. » more