Furniture

Russia imported 3% more furniture last year

05.06.2020 − Russian furniture imports increased by 3% to US$1.974bn last year. » more

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Knoll’s sales revenues reduced by works closures

01.06.2020 − The works closures in the USA and Italy in the second half of March in connection with the corona crisis have reduced the sales revenue of the US office furniture manufacturer Knoll by roughly 12m $. » more

Short-time work at 80% of furniture manufacturers

28.05.2020 − In April 2020, as expected, the temporary closure of the brick-and-mortar furniture trade led to relatively extensive consequences for the German furniture industry.» more

US furniture industry records turnover rise in February

21.05.2020 − Following a 3% decline in January 2020, turnover of the US furniture industry in the residential area increased again in February by 4% to US$2.219bn in February. » more

Furniture manufacturers introduced short-time working

18.05.2020 − As expected, the temporary cessation of stationary furniture trading in April led to far-reaching effects on the German furniture industry; just under 80% of the companies introduced short-time working.» more

Polish furniture exports up 5% in fourth quarter

14.05.2020 − In the fourth quarter of 2019 Polish furniture exports increased by 5% to €3.005bn. » more

Steinhoff postpones balance sheet date and AGM

20.04.2020 − Steinhoff International Holdings will not publish the audited consolidated financial statements for the 2019 financial year on April 30 as planned, but probably two months later on June 30.» more

Kitchen furniture exports increase by 2.2%

20.03.2020 − In 2019 German kitchen furniture exports increased by 2.2% vis à vis the previous year to €2.092bn.» more

Furniture industry records turnover rise in December

18.03.2020 − Following the negative development recorded in October (-1.5%) as well as November (-3.9%), in December turnover of the German furniture industry actually surpassed the preceding year’s figure again.» more

acpi to do business as Cabinetworks Group in the future

13.03.2020 − ACProducts (‘acpi’) will operate as Cabinetworks Group in the future following the 18 February completion of its acquisition of the Cabinetry Products division from Masco.» more

Masco Cabinetry: Deal to close in late February

28.02.2020 − Masco intends to complete a deal negotiated in mid-November 2019 to sell its Cabinetry Products division by the end of February. » more

Nobia turnover improves due to currency effects

21.02.2020 − In the fourth quarter, Nobia generated turnover of SEK3.445bn, an increase of 2% vis à vis the comparative period of the previous year. » more

€12bn turnover in 2018 for Polish furniture industry

20.02.2020 − In 2018 the Polish furniture industry generated total turnover of PLN49.6bn, equivalent to some €12bn. » more

Bega Group and BRW extend cooperation agreement

12.02.2020 − The Bega Group and Polish Black Red White (BRW) extended their existing cooperation agreement for a further five-year period. » more

Häcker to commission new plant by September

07.02.2020 − In the 2019 financial year Häcker Küchen improved turnover by 2.3% to €616m. » more

RTA manufacturer Bestar takes over Bush Industries

31.01.2020 − The flat-pack furniture manufacturer Bestar controlled by Canadian Investissements Novacap and Brossard has taken over Bush Industries, which operates in similar market segments. » more

US furniture industry records order decline in October

28.01.2020 − In October US furniture manufacturers in the residential sector were confronted by an 8% decline in orders to US$2.369bn. » more

Further turnover increase for furniture trade in 2019

27.01.2020 − Turnover in the German furniture, kitchen and furnishings trade sector increased by 4% to €34.2bn gross over the entire period of 2019. » more

Furniture exports decline marginally in October

24.01.2020 − Following a double-digit increase in September (+11.1%), German furniture exports declined marginally again (-0.6%) against last year’s comparative figure in October. » more

Furniture industry turnover down again in October

23.01.2020 − Following positive development in all subdivisions in September, turnover of the German furniture industry declined again slightly in most of these areas during the month of October. » more

Palmberg invests almost €15m in 2019 financial year

20.01.2020 − Palmberg Büroeinrichtungen+Service made investments to the value of €14.6m in the 2019 financial year, representing an increase of one third on the previous year.» more

VDM expects 1% turnover increase in 2020

16.01.2020 − The Association of the German furniture industry (VDM) expects 2020 sector turnover to improve by around 1% compared to the preceding year. » more

EFIC calls for harmonised standards and free trade

19.12.2019 − The European Furniture Industries Confederation (EFIC) released a manifesto containing a variety of calls for action by EU decision-makers in November. » more

Ingka Group improves net profit to €1.817bn

16.12.2019 − In the 2018/2019 financial year (31 August), the Ingka Group increased its net profit by 23.8% to €1.817bn. » more

Furniture industry turnover almost at last year’s level

09.12.2019 − Compared to 2018, September has been the second-best month for the German furniture industry over the course of the year so far - following the best month of May. » more

Forte postpones plans for new plant in Suwalki

04.12.2019 − Fabryki Mebli Forte has postponed construction of a further cabinet furniture plant in Suwalki for an indefinite period. » more

acpi to buy Masco’s kitchen furniture operations

02.12.2019 − ACProducts (‘acpi’), controlled by American Industrial Partners (AIP), has been given the green light to acquire the Cabinetry Products division from Masco.» more

Further turnover decline for Belgian furniture industry

21.11.2019 − Negative developments experienced consistently by the Belgian furniture industry since 2017 also continued in the first half year.» more

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

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