Alert Data News | Business | Companies | UK | Furnishing and DIY

Bathstore.Com Ltd

Fri, 18 May 2012 08:55:00 +0100

15m private equity investment - strengthening ecommerce operation
Bathstore.com has been acquired from Wolseley by private equity firm Endless LLP. Endless is investing 15m in Bathstore, improving its e-commerce operation and its 160 stores. Bathstore recorded turnover of 94m in 2011 and had 478 employees.

Carpetright PLC

Thu, 17 May 2012 08:16:40 +0100

Board restructure - Chief Executive steps down - New Chief Executive appointed
Lord Harris of Peckham, founder of flooring retailer Carpetright Plc based in Berkshire, has stepped down as Chief Executive as part of a boardroom restructure. Lord Harris will remain as Chairman of the Company. Darren Shapland, a current Non-Executive Director, will become Chief Executive of Carpetright Plc.

Clement Joscelyne Limited

Wed, 16 May 2012 08:34:06 +0100

Admininstrator appointed - 91 jobs at risk
It is believed that furniture retailer Clement Joscelyne has been placed in administration, putting 91 jobs at risk. FRP Advisory is seeking a buyer for the retailer which has stores in Cambridge, Norwich, Brighton, Brentwood, Bishops Stortford and in Bury St. Edmunds. 2011 turnover 10.5m, 116 employees.

Home Retail Group PLC

Tue, 08 May 2012 08:29:27 +0100

Profits fall 60% - focusing on ecommerce - reviewing stores - jobs at risk
Home Retail Group recorded a 60% fall in profits to 102m for the year to February 2012, with profits falling at both Argos and Homebase. The group is prioritising future investment into multi-channel capabilities, including online, and may close some Argos and Homebase stores, putting jobs at risk.

Havelock Europa PLC

Tue, 08 May 2012 08:00:03 +0100

Revenue 99.5m - Operating Profit 1.4m - Losses 4.5m
Havelock Europa, the retail and educational interiors provider have recorded results for the year to 31 December 2011. Group revenue was level with last year at 99.5m, operating profit up to 1.4m from 0.6m, Pre Tax Loss down to 4.5 from 4.6. Eric Prescott is CEO.

King Cole Limited

Wed, 02 May 2012 08:21:46 +0100

Wins Queens Award for Enterprise - 150% growth in export sales
Yorkshire-based knitting yarn distributor, King Cole, has secured a Queens Awards for Enterprise for outstanding achievement in international trade. The company has increased export sales by 150% over four years after implementing a strategy to expand and develop its product lines overseas. 2011 turnover £5.7m, 27 employees.

Carpetright PLC

Mon, 30 Apr 2012 08:47:31 +0100

Profits warning - European sales fall 4.4%
Flooring retailer Carpetright has issued a profits warning following lower than expected bed sales and weaker trading in Europe. Earnings targets have been halved to between £3m and £4m. Although UK store sales increased 1.4% in the 11 weeks to 14 April 2012, sales at its European division fell 4.4% compared with the previous quarter.

Asics UK Limited

Wed, 25 Apr 2012 08:47:31 +0100

Opening London store - potential new jobs
Sports retailer Asics has signed to open a flagship store on Oxford Street, London, as part of its expansion strategy. The store is expected to open in time for the Olympics. New jobs are expected as a result of the expansion. 2010: turnover £59.67m, 92 employees.

Dunelm Group Plc

Tue, 17 Apr 2012 08:42:47 +0100

Sales up 10% to £154.1m - opening new store - potential new jobs
Soft furnishings retailer Dunelm Group recorded a 10.7% increase in sales to £154.1m in the 13 weeks to March 2012. In the 39-weeks to March 2012, sales increased 9.4% to £454m. The company is opening a store in Cambridge in summer 2012, creating new jobs. Year to June 2011: turnover £538.47m; 4,252 employees.

Havelock Europa PLC

Thu, 12 Apr 2012 10:11:00 +0100

Printing business sold for 15m - Company debts reduced
Parent company Havelock Europa has sold printing business Showcard Print, which has operations in Bristol, for 15m to Ingleby (1884) Limited. Ingleby (1884) is a newly incorporated company part-controlled by some of the current senior management of Showcard Print. The deal has been funded by debt and equity from subsidiaries of Lloyds Banking Group. The proceeds of the sale will be used to reduce some of the companys debt. Eric Prescott is Havelock Europa Chief Executive.