Furniture

Kimball International intends to acquire Poppin

23.11.2020 − The purchase price amounts to US$110m cash plus additional payments up to a maximum of US$70m if certain turnover and profit targets are met by 30 June 2024. » more

ADVERTISEMENT

Ikea Deutschland turnover up by 0.9%

18.11.2020 − In the 2019/2020 financial year (31 Aug.), turnover of Ikea Deutschland increased by 0.9% to €5.325bn despite the corona-related closure of its brick-and-mortar stores for almost two months in spring.» more

Belgium: decline in furniture imports intensifies

16.11.2020 − In the second quarter, the value of Belgian furniture imports decreased by 17% vis à vis the preceding year to €519.1m. » more

Considerable decline in Polish furniture exports

13.11.2020 − In the second quarter, the value of Polish furniture exports dropped by more than one quarter vis à vis the preceding year to €2.112bn. » more

Significant increase in turnover and profit for Forte

12.11.2020 − Following declines in the double-digit percentage range in the first half turnover of Fabryki Mebli Forte rose sharply again in the third quarter.» more

School/office furniture maker VS to boost capacity by 30%

05.11.2020 − The school and office furniture manufacturer VS Vereinigte Spezialmöbelfabriken (VS) is planning to undertake the biggest investment project in its history over the next three years.» more

British association BFM expecting cost increases

02.11.2020 − BFM believes the bottlenecks that have arisen particularly in the supply of particleboard, MDF, and foam materials in recent weeks will lead to further increases in costs in primary-product purchasing.» more

DFS Furniture posts a sharp drop in revenues and income

30.10.2020 − DFS Furniture has reported a 20% downturn in revenues to £724.5m for the 2019/2020 financial year (30 June), which was a month shorter than the prior-year period. » more

LivingKitchen to be integrated in IMM special edition

29.10.2020 − The ongoing restrictions ensuing from the corona crisis will now lead to fundamental changes concerning the running of IMM Cologne as well as LivingKitchen, which is held in uneven years.» more

Ikea aiming for sharp rise in number of new stores

23.10.2020 − In spite of the continuing shift in sales revenue towards online business IKEA is planning to open roughly 50 facilities worldwide for the new business year 2020/2021 (31 August). » more

Cafom completes sale of Habitat to Le Guénic

19.10.2020 − Groupe Cafom completed the sale of its home-interiors business “Habitat” on 6 October. » more

Ingka’s sales revenue impaired as result of lockdowns

15.10.2020 − The branch closures in over-the-counter furniture trade caused by the corona crisis led to a reduction in the Ikea group’s retail sales in its business year 2019/2020 (31 Aug.).» more

New Häcker works in Venne still in start-up phase

08.10.2020 − Häcker Küchen put its new works in Ostercappeln-Venne into operation in August. » more

Forte’s sales revenues decreased by 39,6%

05.10.2020 − The coronavirus has had a significant impact on Forte’s performance over the past few months, as well. » more

MaForm wants to boost stake in Forte to 66%

01.10.2020 − MaForm Holding Luxembourg, a company controlled by Maciej Formanowicz and Maria Florczuk, is planning to raise its shareholding in Fabryki Mebli Forte from 32.44% to 66%.» more

Steelcase cuts more than 300 jobs in the Americas

28.09.2020 − Steelcase is responding to the ongoing low level of demand in the Americas region by cutting jobs. » more

Ethan Allen: turnover down by half in fourth quarter

25.09.2020 − In the fourth quarter of the 2019/2020 financial year, turnover of Ethan Allen dropped by half to US$91.6m compared to the corresponding period in the preceding year. » more

France: 35.8% furniture trade turnover rise in June

24.09.2020 − In June, turnover in the French furniture trade increased by 35.8%. According to French market research institute Ipea, growth was spread across all product groups.» more

Warendorf: double-digit turnover increase

21.09.2020 − In the first half, turnover growth achieved by Warendorf Küchenfabrik (Warendorf) was clearly within the double-digit percentage range.» more

Burger will deliver kitchens to China Vanke

18.09.2020 − The Baumann Group has further expanded the sales cooperation in place since early 2019 with Shanghai-based company Hermand Haus, which focuses on marketing European kitchen brands. » more

USA: order increase in June for furniture manufacturers

18.09.2020 − In June, incoming orders for US furniture manufacturers in the residential sector increased by 30% to US$3.088bn. » more

China: furniture imports from the EU down 13%

17.09.2020 − Chinese furniture imports from the EU declined by 13% to €260.5m in the first quarter. » more

Steinhoff records turnover decline in first nine months

15.09.2020 − In the first nine months of the 2019/2020 financial year, turnover of the continued operations at Steinhoff International Holdings decreased by 6% to €6.762bn.» more

Nolte Group separates kitchen and furniture business

14.09.2020 − Nolte GmbH & Co. KGaA (Nolte Group) transferred both of its bedroom furniture manufacturers - Nolte Möbel and Express Möbel - in practice to a new company Nolte Möbel Industrie Holding.» more

Jomoo has owned Poggenpohl since 1 September

09.09.2020 − The planned takeover of Poggenpohl by the German subsidiary of Chinese Jomoo Group closed on 1 September after all contract conditions were met. » more

German furniture exports nearly 12% lower

04.09.2020 − The value of German furniture exports declined by 11.9% to €3.304bn in the first six months.» more

German furniture revenues to subside by 5% at most

03.09.2020 − The German furniture industry now thinks that revenues will end up falling by a maximum of just 5% this year compared with 2019.» more

TCM Group achieves 0.8% turnover increase in Q2

26.08.2020 − In the second quarter turnover of Danish kitchen furniture manufacturer TCM Group increased by 0.8% to DKK260.2m.» more

Corona crisis puts pressure on Knoll sales and results

20.08.2020 − Sales of US office furniture manufacturer Knoll slumped by a quarter to US$274.1 million in the second quarter.» more

USA: Decline in orders weakened in May

17.08.2020 − Following a 61% slump in April, order intake by US furniture manufacturers in the residential sector was only 8% lower year-on-year in May at US$2.285b. » more