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Furniture

Global paper and forest products industry outlook stable, says Moody’s

The outlook for the global paper and forest products industry is stable, says Moody's Investors Service. The ratings agency [...]

IKEA opens first store in India; expects growth higher than in China

IKEA will start its business in India in the second half of 2017, by opening a store in Hyderabad. The [...]

Strong increase in US wooden furniture imports from Malaysia and Vietnam

US furniture imports grew faster in 2015 than in the two previous years. Wooden furniture imports were worth US$16 [...]

Latvia increases wooden furniture exports

The wooden furniture exports in Latvia reached EUR 128.01 million, registering a 2.85% growth from 2015, according to [...]

Steinhoff’s Conforama counterbids Fnac’s offer for Darty

Conforama, South African furniture group of Steinhoff, has offered a counterbid for Darty, after Fnac already made an offer to [...]

Brazil: Mahogany exports to resume

Mahogany (Swietenia macrophylla), one of high value hardwood species in the Amazon is back on the market. A timber company [...]

Total turnover of the UK furniture industry passes £8 billion

The total turnover of the UK furniture manufacturing industry was over £8 billion in 2015, up 4.6% on 2014 [...]
March 1, 2016 Daily News / Furniture / Europe / Global

Japan’s furniture import trends

Production and sales have been shrinking in Japan’s domestic wooden furniture manufacturing sector for more than a decade. Most [...]

Lowe’s acquires RONA for $2.3 billion

Lowe’s Companies, the world’s second-largest home improvement retail chain, have agreed to acquire RONA, Canada’s largest [...]

IKEA accused of tax evasion of up to € 1 billion in Europe

The Swedish furniture giant IKEA has been accused of dodging up to EUR 1 billion between 2009 and 2014. The [...]