Forte turnover increases again in the fourth quarter

14.02.2019 − According to preliminary information, turnover of Polish Fabryki Mebli Forte by 1.7% to PLN297m in the fourth quarter. » more


Furniture industry with slight decline in sales in November

07.02.2019 − After a stronger increase in October, total sales in the German furniture industry in November were again slightly below the previous year's level. » more

Nobilia has started construction of Plant 3 in Gütersloh

04.02.2019 − The kitchen furniture manufacturer Nobilia began construction work on Plant 3 in Gütersloh-Spexard at the end of last year. » more

Howdens discontinues German sales after test phase

30.01.2019 − British kitchen furniture manufacturer and retailer Howden Joinery Group (Howdens) has closed Howden Küchen GmbH in Norderstedt with effect from 25 January. » more

Steinhoff sells Steinpol to Cotta for € 26.5m

25.01.2019 − On January 11, Steinhoff International Holdings reached a final agreement with the Liechtenstein Cotta Group on the details of the sale of the Polish upholstered furniture manufacturer Steinpol.» more

Pino has doubled production volume

21.01.2019 − The kitchen furniture manufacturer Pino has been working two shifts again since the end of June 2018. » more

Nowy Styl acquires contract furniture manufacturer Kusch

17.01.2019 − The Polish office furniture manufacturer Nowy Styl Group has acquired the contract furniture manufacturer Kusch based in Hallenberg. » more

VDM expects at least stable furniture industry sales

11.01.2019 − The Association of the German Furniture Industry (VDM) expects at least stable sales in the furniture industry in 2019. » more

Stora Enso acquires stake in Ikea joint venture

08.01.2019 − Founded in 2014 by the Inter Ikea Group, the fashion group H&M and the developer Lars Stigson, the joint venture TreeToTextile aims to initiate the industrialization phase with the entry of Stora Enso. » more

5.4% increase in kitchen furniture exports

05.01.2019 − German kitchen furniture exports, according to preliminary information, increased by 5.4% to €1.530bn in the first nine months of 2018. » more

ACProducts aiming to take over Elkay Wood Products

19.12.2018 − US-American ACProducts (“acpi”) is aiming to take over Elkay Wood Products Company, owned by Elkay Manufacturing Company and also active in kitchen and bathroom-cabinet production.» more

Steinhoff investors have agreed to CVAs

18.12.2018 − The creditors of the companies Steinhoff Europe and Steinhoff Finance Holding approved the respective Company Voluntary Arrangements (CVA) at a lender meeting on 14 December.» more

Turnover growth for Forte on domestic market only

17.12.2018 − Turnover of Polish Fabryki Mebli Forte increased on the domestic market only in the third quarter. » more

Slow business in summer trickles down to revenues

11.12.2018 − The German furniture industry saw its revenues drop off more and more month after month during the third quarter when compared with the same months last year. » more

Kinnarps has ceased production in Worms

10.12.2018 − Production at Kinnarps GmbH (Worms) was discontinued in line with plans at the end of September, according to managing director Sebastian Groesslhuber.» more

Steinhoff wants to restructure convertible bonds via CVA

05.12.2018 − Steinhoff International Holdings now wants to restructure the convertible bonds of its subsidiary Steinhoff Finance Holding via a so-called "Company voluntary arrangement" (CVA). » more

Ingka Group wants to accelerate restructuring

23.11.2018 − The Ingka Group, the largest Ikea franchisee, wants to accelerate its restructuring. » more

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

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