Furniture

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

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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

Nowy Styl to terminate production in Ebermannsdorf

23.03.2021 − Nowy Styl Group is to terminate production in Ebermannsdorf. » 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

Ikea opens first store and online shop in Slovenia

15.03.2021 − On 25 February the Ingka Group opened its first Ikea store in Slovenia. » 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