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Article archive

Veriset commissions new cut-to-size line

The Swiss kitchen manufacturer Veriset AG started up a Combi.cut cut-to-size line delivered by IMA Schelling Deutschland GmbH, headquartered in Lübbecke, Germany, at its headquarters in Root in August 2021. This new purchase replaces two... more

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Team 7 forecasts at least

stable revenues for 2021

The Austrian solid timber furniture manufacturer Team 7 Natürlich Wohnen GmbH, headquartered in Ried, expects to end the 2021 financial year with at least the same revenues as last year. According to Team 7’s owner and managing... more

American Woodmark:

rising costs reduce profit

Due to rapidly rising costs in materials and logistics as well as increasing wages and salaries, key results figures of US bathroom and kitchen furniture manufacturer American Woodmark deteriorated in the first quarter of the 2021/2022... more

Steinhoff examines possible

IPO of Mattress Firm

Steinhoff International Holdings N.V. (Amsterdam, the Netherlands) is currently examining a possible initial public offering (IPO) for US-based Mattress Firm Inc. (Houston, Texas). The group acquired a stake in the mattress retailer - which... more

HNI to establish office seating

furniture production in Mexico

US office furniture manufacturer HNI Corp. (Muscatine, Iowa) plans to commission a new plant for the production of office seating furniture in Saltillo, Mexico, in the first quarter of 2022. The company intends to employ 250 persons at the... more

VME raised revenues

and net profits in 2020

The furniture partnership group VME GmbH & Co. KG, based in Bielefeld, Germany, ended the 2020 financial year with central revenues of €1.359bn (2019: 1.276bn). This is tantamount to a 6.5% improvement compared with 2019. At its... more

Jysk invests €250m

in rebranding project

Danish Jysk Group (Brabrand) has budgeted a total of €250m for its rebranding project. In addition to the name change from Dänisches Bettenlager to Jysk, the project also includes the conversion of a total of around 970 stores in... more

Arbonia concludes sale

of windows division

On 31 August 2021 Swiss building supplier Arbonia AG (Arbon) completed the sale of its windows division to Danish window and house door manufacturer Dovista A/S (Horsens). The sales process had been initiated at the beginning of January.... more

Jysk delivered revenues

of €4.386bn in 2020/2021

The Danish company Jysk, headquartered in Brabrand, increased its revenues by 7% to €4.386bn (2019/2020: 4.1bn) in the 2020/2021 financial year (31 August), even though branches in almost all markets had to close because of the pandemic.... more

Headlam: significant improvement in half-year figures

In the first six months of 2021, British flooring trade company Headlam Group plc (Birmingham) recorded turnover of £329.9m (Jan.-June 2020: 227.2m), corresponding to growth of 45.2% vis à vis the comparative period of the... more

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