Furniture

Steinhoff asks for approval for lock-up agreement

12.07.2018 − Steinhoff International Holdings yesterday started the approval process for the lock-up agreement of the Group companies Steinhoff Europe, Steinhoff Finance Holding and Stripes US Holding.» more

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Kika/Leiner has credit insurance again after takeover

26.06.2018 − After the Signa Holding signed the contracts for the purchase of the Kika/Leiner Group, at the end of last week, the Austrian furniture retailer has now also taken out credit insurance again.» more

Marginal decline in Polish kitchen furniture output

21.06.2018 − Polish production of wooden kitchen furniture dipped 0.6% to 1.092 m units in the first three months.» more

Steinhoff sells Kika/Leiner Group to Signa Holding

18.06.2018 − Steinhoff International Holdings intends to sell Austrian Kika/Leiner Group to René Benko's real estate investment company Signa Holding. » more

Increasing Chinese investments in European industry

14.06.2018 − Chinese investors are expanding involvement in European furniture industry in recent months.» more

Dea Capital to invest €13m in Snaidero Group

07.06.2018 − One of the funds administered by Dea Capital Alternative Funds has agreed the takeover of a majority shareholding in Italian Snaidero Rino with creditors as well as the Snaidero family. » more

Schüller wants to expand site in Herrieden

26.05.2018 − German Schüller Möbelwerk intends to expand manufacturing at its headquarters in Herrieden. » more

Forte’s profits down again in first quarter

22.05.2018 − According to provisional information, sales revenue generated by Polish Forte was 6 % up in the first quarter of its business year 2018 at 295m PLN. » more

Nobia’s quarterly turnover down third time in succession

17.05.2018 − Sales revenue generated by Swedish Nobia generated sales revenue of 3.173bn SEK in the first quarter, 4 % less than in 2017 and down for the third successive quarter. » more

Alno has been insolvent ever since 2013

04.05.2018 − According to the findings of an appraisal commissioned by insolvency administrator Prof. Dr. Martin Hörmann, Alno has actually been insolvent since as long ago as 2013.» more

Forte orders technology for Suwalki mill from Homag

28.04.2018 − Polish Fabryki Mebli Forte ordered a complete production line for cupboard furniture from Homag Group AG during the first quarter.» more

Forte: Late deliveries curb rise in turnover

23.04.2018 − In 2017, according to in-company information, some inefficient internal processes as well as insufficient production capacity led to delays in the delivery of orders at Polish Fabryki Mebli Forte. » more

US cabinet industry post higher revenues for February

19.04.2018 − February produced an 1.8% upturn in revenues from kitchen and bathroom cabinets in the US compared with the same month last year. » more

EU Commission publishes documents on Inter Ikea

16.04.2018 − On 27 March the EU Commission published the non-confidential version of the decision announced on 18 December 2017 concerning an investigation into tax treatment of Netherlands-based Inter Ikea Holding. » more

German furniture exports bounced back in January

12.04.2018 − Germany exported 0.5% more furniture in January than in January 2017 after booking a downturn in December 2017 (-6.9%).» more

Foreign and domestic growth at Baumann Group

29.03.2018 − In 2017, Baumann Group increased their kitchen turnover (excluding Badea bathroom furniture) by 5% vis à vis the preceding year to €220m. » more

Furniture industry’s sales reduced in December too

27.03.2018 − After the regressive development in sales revenue in autumn, the German furniture industry was unable to bring about a turnaround in December either. » more

Pino intends to return to two-shift operations soon

23.03.2018 − German Pino Küchen is now making 150 to 200 kitchens per day in single-shift operations after resuming operations in mid-December as planned. » more

US kitchen cabinet industry achieve turnover rise

20.03.2018 − Turnover generated with kitchen and bathroom cabinets in the USA increased by 3.9% in December 2017 vis à vis the comparative month of the preceding year. » more

Nobilia to build new kitchen furniture plant in Saarlouis

09.03.2018 − German Nobilia-Werke J. Stickling has put the preceding year’s plan to construct an assembly plant in China on hold again. » more

Double-digit decline in Polish kitchen furniture production

01.03.2018 − Polish production of kitchen furniture made of wood decreased by 16% in the fourth quarter of 2017 to 1.097m units. » more

Nobia quarterly turnover down by 1.2%

22.02.2018 − In the fourth quarter of 2017, turnover of Swedish Nobia decreased by 1.2% vis à vis the comparative period of the preceding year to SEK3.116bn.» more

Kinnarps to end production in Worms by mid-2018

13.02.2018 − Swedish Kinnarps is to discontinue operation of Kinnarps Produktions GmbH and consequently close the production location in Worms by summer 2018. » more

Polipol and Bellesbumprom agree cooperation

08.02.2018 − Polipol Group also intends to commence upholstered furniture production in Belarus. » more

Steinhoff sells further PSG shares for €478m

01.02.2018 − On 22 January, Steinhoff placed a total of 29,429,937 ordinary shares of PSG Group at a price of ZAR240 per share on the Johannesburg stock exchange. » more

Steelcase turnover declines in third quarter 2017

31.01.2018 − Following three consecutive increases in turnover, total turnover of US-American Steelcase declined again by 2% to US$772.1m in the third quarter of the 2017/2018 financial year. » more

Steinhoff must obtain roughly 200m € at short notice

26.01.2018 − Steinhoff International Holding requires roughly 200m € at short notice to assure the group’s liquidity for the next three months. » more

German furniture industry turnover down again

24.01.2018 − In October 2017, turnover of the German furniture industry remained below the preceding year’s figure for the second time in a row.» more

RiverRock concludes acquisition of Alno assets

18.01.2018 − The purchase contract for the acquisition of key assets of Alno by British RiverRock has now been concluded. » more

EU opens investigation into tax treatment of Inter Ikea

12.01.2018 − In mid-December 2017, the EU Commission opened an in-depth investigation into the tax paying procedures of Netherlands-based Ikea company Inter Ikea Holding. » more