Shop
Steinhoff: D&O insurers to pay up to €78.1m
13.04.2021 − Various liability insurers of former managers of Steinhoff International Holdings will contribute up to €78.1m to a part of the damage resulting from balance sheet manipulations. » more
ADVERTISEMENT
Ashley Furniture opens new plant in Pottsville
12.04.2021 − At the end of February, Ashley Furniture Industries opened a new production location for upholstered furniture in Pottsville, Pennsylvania. » more
Polipol to consolidate Hukla production in Wagrowiec
09.04.2021 − Polipol Group is to close its factory in Torgelow on 30 September. At present, approximately 100 employees produce armchairs of the Hukla brand at the location. » more
IMA Schelling supplies batch-size-1 line to Sedus Stoll
06.04.2021 − Sedus Stoll plans to invest a total of approximately €20m in the expansion of production areas as well as establishment of a second batch-size-1 line for cabinet furniture production.» more
Sachsenküchen plans to invest approximately €12m
29.03.2021 − Sachsenküchen H.-J. Ebert intends to invest approximately €12m by the end of 2022. » more
Howdens almost offsets declines in Great Britain
22.03.2021 − In the 2020 financial year, total turnover of Howden Joinery Group (Howdens) decreased by 2.3% to £1.548bn.» more
Steinhoff to divest remaining Conforama activities
19.03.2021 − Steinhoff International Holdings also intends to divest the furniture retail chain’s activities in Spain, Portugal, Italy, Luxembourg, Croatia and Serbia. » more
German furniture producers bemoan extra Brexit red tape
18.03.2021 − German furniture companies are criticising extra administrative work involved in exporting to the UK because of Brexit. » more
Team 7 increases 2020 turnover by 7% to €101m
11.03.2021 − In the 2020 financial year, Team 7 increased net turnover by 7% to €101m. Up to now, the company had always recorded invoiced turnover, which in 2019 had remained stable at €99m. » more
Production launched in the two new Nobilia plants
08.03.2021 − At the end of 2020 Nobilia commenced operations at the two plants - each of which was constructed over the course of the last two years - in Gütersloh-Spexard (plant III) and Saarlouis (plant V).» more
Furniture industry: turnover well up at end of year
05.03.2021 − Already observable since the third quarter, the strong growth in incoming orders within the German furniture industry became increasingly evident in the turnover figures towards the end of the year. » more
Manufacturers do better on the domestic market
04.03.2021 − In the 2020 financial year, the three large kitchen furniture manufacturers Nobilia, Häcker and Schüller again developed along better lines than the industry as a whole. » more
Russia imports 5% less furniture in Q3
23.02.2021 − In the third quarter of 2020, the value of Russian furniture imports decreased by 5% vis à vis the preceding year to US$467.5m.» more
Retail closures leaving their mark on output after all
22.02.2021 − German furniture manufacturers have ended up having to adjust their output, after all, to reflect reduced ordering in the wake of restrictions imposed on furniture shops since the beginning of January. » more
Further growth for furniture industry in Germany, abroad
16.02.2021 − The upward trend in the German furniture industry, which has been ongoing since August, intensified in November. » more
Lars Larsen Group turnover grew by 9%
15.02.2021 − Group turnover of Lars Larsen Group rose by 9% to €4.77bn in the 2019/2020 financial year.» more
Maisons du Monde: lockdown leads to turnover decline
12.02.2021 − In the fourth quarter of 2020, according to preliminary information, turnover of Maisons du Monde decreased by 1.5% to €372m. » more
ScS turnover increases by 13.9% in first half year
08.02.2021 − In the first 26 weeks since the beginning of the 2020/2021 financial year on 26 July, gross turnover of British upholstered furniture and flooring trader ScS Group increased by 13.9% to £182.3m.» more
Reform Furniture receives funding of €10m
05.02.2021 − Danish Reform Furniture has received financing of €10m from state investment fund Vaekstfonden. » more
Office furniture manufacturers expect poor first half
04.02.2021 − German manufacturers of office carcass furniture and office seating generally recorded growth in incoming orders during the fourth quarter. » more
Germany extends lockdown until mid-February
01.02.2021 − Due to continuing high numbers of corona infections and mutated virus variants, participants in the federal-state conference reached the decision again to extend the hard lockdown.» more
Swedish furniture exports decrease by 5%
29.01.2021 − In the third quarter, the value of Swedish furniture exports declined by 5% vis à vis the preceding year to SEK4.580bn.» more
Development of furniture sector exceeds expectations
28.01.2021 − The German furniture industry and the furniture trade closed the entire year 2020 better than had been expected following the outbreak of the corona crisis and the associated restrictions. » more
Retail closures making a dent into producers’ order intake
21.01.2021 − The German Government’s decision to close brick-and-mortar retail shops again has so far had little impact on production activity within the furniture industry.» more
Kimball wrapped up Poppin acquisition in early December
15.01.2021 − Kimball International completed its takeover of Poppin in December after announcing this deal in early November. » more
Howdens not fully recovered from turnover declines yet
11.01.2021 − The positive development in demand recorded since the third quarter for Howden Joinery Group (Howdens) continued in November.» more
Ikea sales revenue 7 % down in France in 2019/2020
08.01.2021 − Sales revenue generated by the national subsidiary of Ikea in France fell 7 % below the previous year’s figure in its business year 2019/2020 (31 Aug.) at €2.790bn.» more
Spain: living room furniture imports increase by 4.7%
05.01.2021 − In the third quarter, the value of Spanish living room furniture imports increased by 4.7% to €805.4m. » more
