Furniture

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

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Hüls: Wiemann family buys Loddenkemper and Femira

17.09.2018 − German Hüls Group has signed a purchase agreement with the Wiemann family for the two subsidiaries Loddenkemper and Femira. » more

Polipol plans to start production in Belarus in October

14.09.2018 − The Polipol Group plans to start producing upholstered furniture in Belarus at the beginning of October. » more

Kitchen manufacturer Alvic further expands US production

11.09.2018 − Spanish Grupo Alvic has relocated its production of furniture fronts from Miami to the Auburndale site between Orlando and Tampa.» more

German furniture industry books minor growth

07.09.2018 − The German furniture industry saw a 1% improvement in revenues to €9.051bn in the first six months of this year. » more

M.O.W. 2018 records 10% growth in exhibitor numbers

17.08.2018 − Around 460 exhibitors will take part in this year's M.O.W. furniture fair from 16 to 20 September. » more

Ikea starts test phase to buy back used furniture

14.08.2018 − Ikea Deutschland intends to buy back used Ikea furniture from 1 September, depending on its condition. » more

International class action filed against Steinhoff

13.08.2018 − South African LHL Attorneys filed a class action lawsuit in Johannesburg High Court against Steinhoff International Holdings and its predecessor company Steinhoff International Holdings Limited (SIHL). » more

Poland: Kitchen furniture production increased

10.08.2018 − Polish production of wooden kitchen furniture rose again in the second quarter by 5 % to 1.099m units compared to the corresponding period in the preceding year.» more

Austrian furniture exports leapt 6.2% in first quarter

08.08.2018 − Austria exported 6.2% more furniture in the first quarter with total shipments of €241.6m. » more

Steinhoff subsidiaries relocate headquarters to the UK

06.08.2018 − The headquarters of the two Steinhoff Group companies Steinhoff Europe and Steinhoff Finance Holding, which were previously based in Brunn am Gebirge, Austria, will be relocated to the UK.» more

Alno administrator demands €19.3m from Pfleiderer

03.08.2018 − The insolvency administrator of Alno AG has asserted claims against Pfleiderer Deutschland GmbH, a member of the Pfleiderer Group, in the amount of €19.3m. » more

Dea Capital completes acquisition of Snaidero

03.08.2018 − A fund managed by Dea Capital Alternative Funds has finalised its purchase of a majority stake in the Italian kitchen manufacturer Snaidero Rino. » more

Growth at Blum restricted by currency effects

02.08.2018 − Austrian fittings manufacturer Julius Blum has concluded the 2017/2018 (30 June) business year with a 2.8% turnover increase to €1.839bn. » more

Howdens reports double-digit growth in the first half

29.07.2018 − Howden Joinery Group (Howdens), the British kitchen furniture manufacturer and dealer, increased its turnover by 12.0% to £619.4m in the first 24 weeks of 2018. » more

Steinhoff: Hemisphere Agreement comes into force

27.07.2018 − The second lock-up agreement of Steinhoff International Holdings in connection with the restructuring of the Group company Hemisphere International Properties came into force yesterday. » more

Steinhoff asks for approval for lock-up agreement

12.07.2018 − Steinhoff International Holdings yesterday started the approval process for the lock-up agreement of the Group companies Steinhoff Europe, Steinhoff Finance Holding and Stripes US Holding.» more

Kika/Leiner has credit insurance again after takeover

26.06.2018 − After the Signa Holding signed the contracts for the purchase of the Kika/Leiner Group, at the end of last week, the Austrian furniture retailer has now also taken out credit insurance again.» more

Marginal decline in Polish kitchen furniture output

21.06.2018 − Polish production of wooden kitchen furniture dipped 0.6% to 1.092 m units in the first three months.» more

Steinhoff sells Kika/Leiner Group to Signa Holding

18.06.2018 − Steinhoff International Holdings intends to sell Austrian Kika/Leiner Group to René Benko's real estate investment company Signa Holding. » more

Increasing Chinese investments in European industry

14.06.2018 − Chinese investors are expanding involvement in European furniture industry in recent months.» more

Dea Capital to invest €13m in Snaidero Group

07.06.2018 − One of the funds administered by Dea Capital Alternative Funds has agreed the takeover of a majority shareholding in Italian Snaidero Rino with creditors as well as the Snaidero family. » more