U.S. – On October 22nd furniture retailer Rooms To Go announced the launch of its furniture line with Modern Family star, Sofia Vergara. The collection consists of sofas, tables, dining rooms, bedrooms and accessories and will be available exclusively at all Rooms To Go stores.
Bartira, Latam’s largest furniture manufacturer to be taken over by Grupo Pao de Azucar
BRAZIL – Via Varejo S.A, a unit of Grupo Pao de Azucar responsible for the furniture, appliances and online sales business, is citing an Extraordinary Shareholders’ Meeting to be held on October 31 to determine the exercise of the purchase option of 75% of equity shares of Bartira Moveis, currently held by its founders, the Klein family.
Steelcase to close plant in Germany and open a new one in the Czech Republic
GERMANY – On October 17 Steelcase announced plans to close the plant in Durlangen, Baden-Württemberg, Germany and establishing a new manufacturing facility in Stribro near Pilsen in the Czech Republic.
Wilsonart LLC to Acquire Durcon Incorporated
U.S. – Wilsonart LLC announced an agreement to acquire Durcon Incorporated, the world’s leading manufacturer of laboratory-grade work surfaces, best known for its durable epoxy resin surfaces. The Taylor, TX-based Durcon will operate as a new, independent business unit of Wilsonart.
IKEA Group continues to increase sales
SWEDEN (Notifix).- The IKEA Group total sales increased to EUR 27.9 billion ($37.38 US billion) in the financial year 2013 ended August 31st, an increase of 3.1% compared to the previous year (+3.6% adjusted for currency impact). Sales in comparable stores grew by 1.8%. “Value for money is increasingly important to our customers – and our sales development shows that people all over the world appreciate our concept of good quality, well-designed products at low prices”, said President and CEO Peter Agnefjäll.
External Markets of Colombian RTA Furniture Adjust
COLOMBIA (Notifix.) – Although the value of Colombian RTA exports during the January – July period showed no growth compared to the year before, this period was characterized by a shift in the importance of the destination countries.
Good performance for Herman Miller in 1Q of fiscal 2014
U.S. (Notifix) – Herman Miller, Inc. announced results for its first quarter ended August 31, 2013. Net sales in the quarter totaled $468.1 million, an increase of 4.1% from the same quarter last fiscal year. New orders in the first quarter were $471.2 million, 4.2% higher than the prior year period.
The BoConcept 2014 Collection arrives in September
DENMARK (Notifix) – A Fusion of Contrasts, is the motto of the new BoConcept collection reaching stores around the world during the month of September.
Peter Agnefjäll the new President and CEO of the IKEA Group
SWEDEN (Notifix) – On September 1, 2013 Peter Agnefjäll becomes President and CEO of the IKEA Group. He will carry on the company’s ambitious growth strategy, aiming to double the operations in size by 2020 to make IKEA accessible for more people.
Ikea Opens Factory in China
CHINA (Notifix).- Sweden-based home furnishing giant IKEA Group opened its first wholly owned manufacturing facility in China on Wednesday, through subsidiary IKEA Industry Group, in a bid to support its rapid expansion in Asia – especially China.
Saccaro arrives in Venezuela
VENEZUELA (Notifix).- Saccaro, the Brazilian chain of high end furniture has just opened its first showroom the city of Maracaibo, Venezuela in partnership with the Marmoca Group. The showroom follows the brand’s concept store model.
Milestone, the new high-end kitchen “made by Moduart”
COLOMBIA (Notifix).- MILESTONE is the brand by which Moduart, the leading Colombian board furniture manufacturer, launches its line of high-end kitchens.