Axminster Brings in Administrators

London, England, March 6, 2013 -- Family-run Axminster Carpets has gone into administration and laid off 300 of its 400 workers.

Administrator Duff & Phelps is evaluating the company and its extensive property portfolio and is seeking a buyer.

Among Axminster's largest customers are John Lewis and Carpetright.

                                                                                                                                                                                                                                                                                                                         

Other Archived Articles

NeoCon Attendance Up For 2014   Full Article
Chicago, IL, June 24, 2014— NeoCon reports that nearly 50,000 industry professionals attended this year's show June 9-11 in Chicago. This number represents a 20% increase over 2013.

May New Home Sales Rise More Than Expected   Full Article
Washington, DC, June 24, 2014 -- New homes sales increased at the fastest pace in six years in May, according to the Commerce Department.

Consumer Confidence Rises in June   Full Article
New York, NY, June 24, 2014 -- The Conference Board Consumer Confidence Index improved again in June.

Government Says House Prices Flat in April   Full Article
Washington, DC, June 24, 2014 -- The Federal Housing Finance Agency reported that its monthly House Price Index showed no change in U.S. house prices for April from the prior month.

Home Prices Rise in April but at Slower Pace   Full Article
New York, NY, June 24, 2014 -- Home prices in 10 major U.S. cities increased 10.8% in the year ended in April, according to the S&P/Case-Shiller Home Price Index.

Tile Outlets of America Names VP of Purchasing   Full Article
Atlanta, GA, June 24, 2014 -- Kathryn Spencer has been hired as vice president of purchasing and business development for Tile Outlets of America.

WFCA Names Paul Johnson Board Chairman   Full Article
Anaheim, CA, June 24, 2014 -- Paul Johnson, President of Interiors One Inc., Carpet One in Tulsa, Oklahoma has been elected chairman of the board of the World Floor Covering Association, effective July 1.

J+J Releases Sustainability Report   Full Article
Dalton, GA, June 24, 2014 -- J+J Flooring Group has released its 2013 Sustainability Report.

Shaw To Build New Carpet Recycling Plant   Full Article
Dalton, GA, June 24, 2014 -- Shaw Industries said it will invest $17 million to build a new Evergreen recycling plant in Ringgold, Georgia.

Sales of Existing Homes Increase in May   Full Article
Washington, DC, June 23, 2014 -- Sales of existing homes rose 4.9% in May to a seasonally adjusted annual rate of 4.89 million, the National Association of Realtors reported.

Mohawk Moves Up on Fortune 500 List   Full Article
New York, NY, June 23, 2014 -- Mohawk Industries ranked number 357 on this year's Fortune 500 list with revenues of $7.35 billion, an increase of 27% from the previous year.

Karndean CEO Wins Regional Entrepreneur Award   Full Article
Export, PA, June 23, 2014 -- Karndean Designflooring said that CEO Ed Perrin has received the EY Entrepreneur Of The Year 2014 Award in the Western Pennsylvania and West Virginia program.

USGBC Issues Report on Green Housing   Full Article
Washington, DC, June 23, 2014 -- The U.S. Green Building Council estimates that there are as many as 150,000 LEED-certified green housing units worldwide, a number that more than doubled between 2011 and 2012.

Beaulieu Holding Job Fair Tuesday in Gainsville   Full Article
Dalton, GA, June 23, 2014 -- Flooring maker Beaulieu America will be conducting a job fair on Tuesday, June 24, 9 a.m. to 3:30 p.m. at the Georgia Department of Labor in Gainesville, Georgia.

Zacks Issues 'Strong Sell' on Lumber Liquidators   Full Article
New York, NY, June 20, 2014 -- Zacks Investment Research has downgraded shares of Lumber Liquidators to a Strong Sell.

Mortgage Rates Remain Near Historic Lows   Full Article
Washington, DC, June 20, 2014 -- Average fixed mortgage interest rates fell slightly this week and remain near historic lows.

Armstrong Names ProSource Buffalo Elite Retailer   Full Article
Lancaster, PA, June 20, 2014 -- Armstrong said it has included ProSource of Buffalo in its Elite program. The firm serves trade professional members.

Unemployment Applications Fall Last Week   Full Article
Washington, DC, June 19, 2014 -- Initial applications for unemployment benefits declined by 6,000 last week to 312,000, according to the Labor Department.

Leading Economic Indicators Up Four Straight Months   Full Article
New York, NY, June 19, 2014 -- The Conference Board's index of U.S. leading economic indicators rose in May for the fourth straight month.

Philadelphia Manufacturing Picks Up in June   Full Article
Philadelphia, PA, June 19, 2014 -- The Philadelphia Fed's manufacturing index increased to 17.8 in June from 15.4 in May.