Furniture

Forte: increase in results despite particleboard losses

18.11.2019 − According to preliminary information, in the third quarter Fabryki Mebli Forte generated turnover of PLN264m and thus surpassed last year’s figure by 3.1%.» more

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Leicht Küchen to commission plant in September 2020

13.11.2019 − Leicht Küchen is expected to officially commission its new assembly plant at Gügling industrial park in Schwäbisch Gmünd in September 2020. » more

Poland: kitchen production increases in third quarter

06.11.2019 − In the third quarter Polish production of kitchen furniture made of wood increased by 1% vis à vis last year to 1.149m units.» more

Kitchen furniture turnover down 2.2% in August

31.10.2019 − In August the German kitchen furniture industry recorded a turnover decline of 2.2% to €320.0m compared to the corresponding month in the preceding year.» more

Construction for kitchen furniture plants progressing well

23.10.2019 − Two of the three major investment projects, which were defined in 2018 and are aimed at expanding capacity in the German kitchen furniture industry, are already underway. » more

Incoming orders in kitchen industry rise in first 7 months

18.10.2019 − In July incoming orders of the German kitchen furniture industry increased significantly.» more

Furniture industry turnover approaches last year’s level

17.10.2019 − With the increase achieved in July, cumulative turnover of the German furniture industry over the first seven months of the year again approached the previous year’s level.» more

DoC sets dumping margins for imports from China

17.10.2019 − In connection with the AD/CVD proceedings concerning the import of kitchen furniture and furniture parts from China the US Department of Commerce (DoC) has meanwhile also determined provisional dumping margins.» more

Takeover solution emerging for Black Red White

11.10.2019 − A takeover solution is emerging for Black Red White. According to as yet unconfirmed information, a Polish consortium headed by Dariusz Formela wants to take over the furniture producer and dealer.» more

Further growth in Ikea’s retail turnover in 2018/2019

10.10.2019 − According to provisional information, sales revenue generated by the Ingka group’s retail trade pooled in the Ikea Retail division increased to 36.7bn € in its business year 2018/2019 (31 August).» more

US furniture industry also records declines in June

08.10.2019 − In June US furniture manufacturers in the residential sector were again unable to stop the negative development in incoming orders and turnover, which has been ongoing since February.» more

Shell construction of new Nobilia plant III complete

07.10.2019 − Shell construction of the new plant III of Nobilia in Gütersloh-Spexard has meanwhile been largely completed. » more

Ashley enters RTA business with Homestar plant

03.10.2019 − In mid-September Ashley Furniture took over Homestar North America, which focuses on production of ready-to-assemble furniture (RTA), and has therefore entered in RTA business.» more

VdDK expects 2% turnover increase in 2019

26.09.2019 − In spite of the weakening economic development, the Federation of the German Kitchen Furniture industry (VdDK) considers it possible to achieve a turnover increase of some 2% over the entire period of 2019.» more

Double-digit turnover decline in furniture industry

19.09.2019 − In June the lower number of working days by comparison with last year led to a double-digit turnover decline in the German furniture industry. » more

Several investors bid for Masco kitchen furniture activities

18.09.2019 − Private equity companies involved in the bidding process for the cabinetry products business division of Masco include AIP, Bain Capital, Clearlake Capital Group and WW Grainger.» more

Kitchen industry delivers small growth in first-half ordering

16.09.2019 − The internal order panel of the German kitchen furniture industry association (VdDK) reveals a minor improvement in the number and value of incoming orders during the first six months of this year.» more

Neue Alno pools component manufacturing

12.09.2019 − Neue Alno has founded its own subsidiary to make components - BBT Bodensee Bauteile. » more

Steinhoff has increased sales by 4 % to € 10.1 billion

02.09.2019 − According to a trading update for the first nine months of the fiscal year 2018/2019, Steinhoff International Holdings increased its total sales to € 10.113 billion. » more

Surplex auctions equipment of insolvent Wellemöbel

15.08.2019 − Until 26 August online auctioneer Surplex is auctioning the machinery and inventory of insolvent furniture manufacturer Wellemöbel, which is part of the Welle group of companies.» more

HNI: further drop in office furniture turnover

12.08.2019 − In the second quarter turnover in the office furniture business division of US office furniture manufacturer HNI Corp. decreased by 3.4% to US$409.5m.» more

Howdens increases turnover by 5.4% in first half year

08.08.2019 − In the first 24 weeks of the 2019 financial year Howden Joinery Group (Howdens) increased turnover by 5.4% to £652.6m compared to the corresponding period in the preceding year. » more

Warendorf operations now transferred to investor

07.08.2019 − Following fulfilment of all provisions in the contract of purchase concluded on 11 June, business operations of insolvent Warendorf – Die Küche were recently handed over to an investor from Hong Kong.» more

Tahoe Investors sues former Alno board members

02.08.2019 − Tahoe Investors has filed a lawsuit against the former members of the management board of insolvent Alno AG Max Müller (CEO) and Ipek Demirtas (CFO) for damages of almost €60m. » more

Nobia organic turnover still in decline

01.08.2019 − For the second quarter Nobia records turnover of SEK3.751bn. This 7% increase once again attributed exclusively to currency effects amounting to SEK82m as well as the SEK202m contribution from Bribus.» more

Forte: Sales stagnate, earnings decline in second quarter

29.07.2019 − According to preliminary figures, the Polish manufacturer of case furniture Forte achieved sales of 257m zloty in the second quarter, slightly exceeding the previous year's level by 0.4 %. » more

Howdens grew by 5.4 % in the first half of the year

26.07.2019 − The turnover of the British kitchen furniture manufacturer and dealer Howden Joinery Group (Howdens) increased by 5.4% to £652.6m in the first 24 weeks of the 2019 financial year.» more

Ikea Industry withdraws from US production

24.07.2019 − Despite still pursuing expansion plans in North American retail business, Ikea Group Inter Ikea is to close down the plant in Danville, Virginia, in December.» more

Further turnover decline for German furniture industry

22.07.2019 − In April turnover of the German furniture industry fell short of the preceding year’s figure for the second consecutive time. » more

Narbutas aiming for double-digit turnover rise

18.07.2019 − Lithuanian UAB Narbutas International is intending to increase turnover at a double-digit rate again in the 2019 financial year.» more