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Sergio Giroldi, since 2003 CEO of OBI Group Holding SE & Co. KGaA (Wermelskirchen), which belongs to the Tengelmann Group, is to retire on 22 September 2022. He informed the OBI supervisory board of this decision at the meeting on 14 June. Based on Giroldi's recommendation, the supervisory board - chaired by Tengelmann...

In May 2022, turnover in the German furniture industry increased by 21.9% to €1.641bn. This means the high growth rates achieved in January (+16.7%), February (+14.2%) and March (+17.3%) were exceeded once again. The increase recorded in April had been less significant at 7.2%. Domestic business (+22.3% to €1.082bn)...

In Great Britain, manufacturer’s prices for furniture on an ex works basis in May 2022 were, on average, 9.2% higher than the level of the preceding year. For April, the British furniture industry association British Furniture Manufacturers (BFM), Bloxham, had reported a year-on-year increase of 7.5%. According to the...