Furniture

Forte records turnover decline in third quarter

22.11.2018 − According to preliminary information, turnover of Polish Forte declined by 4.5% to PLN256m in the third quarter. » more

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TCM Group increases net profit significantly in Q3

15.11.2018 − Danish TCM Group improved its key results figures significantly in the third quarter. Net profit increased seven-fold in the reporting period to DKK23.0m. » more

Ikea sales in Germany surpass 5bn € for first time

02.11.2018 − In its business year 2017/2018, Swedish Ikea group has lifted its revenue from sales in Germany to 5.003bn € for the first time. » more

Orgatec has registered around 15 % more trade visitors

30.10.2018 − This year's Orgatec office furniture trade fair, held in Cologne from 23 to 27 October, attracted around 63,000 trade visitors, including estimates for the last day of the fair.» more

4.7% increase in Ikea retail trade turnover in 2017/2018

29.10.2018 − Swedish Ingka Group (formerly Ikea Group) generated Ikea retail trade turnover of €34.8bn in the 2017/2018 business year, which ended at the end of August. » more

Chmiel family intends to sell Black Red White Group

25.10.2018 − The Chmiel family, owners of Polish Black Red White intends to sell the company.» more

Dorel plans to expand European business via Alphason

10.10.2018 − The Canadian conglomerate Dorel Industries has taken over the business operations and assets of the British furniture manufacturer Alphason. » more

Nobilia to start with 500 kitchens per day in Saarlouis

08.10.2018 − At its new production facility in Saarlouis, Nobilia-Werke J. Stickling intends to produce roughly 500 kitchens per day to start with. » more

Forte’s sales revenue boosted by 6.4 % in second quarter

01.10.2018 − Growth in sales revenue generated by Polish Forte accelerated again in the second quarter with an increase of 6.4 % to 258.0m PLN. » more

Operation at Ewald Schillig has to be discontinued

01.10.2018 − The business of the insolvent upholstered furniture manufacturer Ewald Schillig has to be discontinued. » more

Slower pace of growth in USA’s furniture imports

27.09.2018 − US imports of furniture in the second quarter were 2 % higher than a year earlier at 13.394bn US$. » more

Falling home-furniture imports from Eastern Europe

23.09.2018 − German imports of living room, dining room, and bedroom furniture in the first half-year were 7.0% lower than a year earlier at 764.0m €. » more

Steinhoff greatly reduces European furniture activities

21.09.2018 − Since the beginning of 2018 Steinhoff International Holdings has significantly reduced European activities in its furniture division with the sale of several subsidiaries. » more

Hüls: Wiemann family buys Loddenkemper and Femira

17.09.2018 − German Hüls Group has signed a purchase agreement with the Wiemann family for the two subsidiaries Loddenkemper and Femira. » more

Polipol plans to start production in Belarus in October

14.09.2018 − The Polipol Group plans to start producing upholstered furniture in Belarus at the beginning of October. » more

Kitchen manufacturer Alvic further expands US production

11.09.2018 − Spanish Grupo Alvic has relocated its production of furniture fronts from Miami to the Auburndale site between Orlando and Tampa.» more

German furniture industry books minor growth

07.09.2018 − The German furniture industry saw a 1% improvement in revenues to €9.051bn in the first six months of this year. » more

M.O.W. 2018 records 10% growth in exhibitor numbers

17.08.2018 − Around 460 exhibitors will take part in this year's M.O.W. furniture fair from 16 to 20 September. » more

Ikea starts test phase to buy back used furniture

14.08.2018 − Ikea Deutschland intends to buy back used Ikea furniture from 1 September, depending on its condition. » more

International class action filed against Steinhoff

13.08.2018 − South African LHL Attorneys filed a class action lawsuit in Johannesburg High Court against Steinhoff International Holdings and its predecessor company Steinhoff International Holdings Limited (SIHL). » more

Poland: Kitchen furniture production increased

10.08.2018 − Polish production of wooden kitchen furniture rose again in the second quarter by 5 % to 1.099m units compared to the corresponding period in the preceding year.» more

Austrian furniture exports leapt 6.2% in first quarter

08.08.2018 − Austria exported 6.2% more furniture in the first quarter with total shipments of €241.6m. » more

Steinhoff subsidiaries relocate headquarters to the UK

06.08.2018 − The headquarters of the two Steinhoff Group companies Steinhoff Europe and Steinhoff Finance Holding, which were previously based in Brunn am Gebirge, Austria, will be relocated to the UK.» more

Alno administrator demands €19.3m from Pfleiderer

03.08.2018 − The insolvency administrator of Alno AG has asserted claims against Pfleiderer Deutschland GmbH, a member of the Pfleiderer Group, in the amount of €19.3m. » more

Dea Capital completes acquisition of Snaidero

03.08.2018 − A fund managed by Dea Capital Alternative Funds has finalised its purchase of a majority stake in the Italian kitchen manufacturer Snaidero Rino. » more

Growth at Blum restricted by currency effects

02.08.2018 − Austrian fittings manufacturer Julius Blum has concluded the 2017/2018 (30 June) business year with a 2.8% turnover increase to €1.839bn. » more

Howdens reports double-digit growth in the first half

29.07.2018 − Howden Joinery Group (Howdens), the British kitchen furniture manufacturer and dealer, increased its turnover by 12.0% to £619.4m in the first 24 weeks of 2018. » more

Steinhoff: Hemisphere Agreement comes into force

27.07.2018 − The second lock-up agreement of Steinhoff International Holdings in connection with the restructuring of the Group company Hemisphere International Properties came into force yesterday. » more

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

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