Today's Flooring News

Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.

CVC Officially Withdraws EU Notification of Forbo

Brussels, Belgium, April 27--CVC European Equity Partners has withdrawn its notification to the European Commission of its proposed acquisition of Swiss flooring and adhesives manufacturer Forbo Holdings AG.

Lanxess to Cut up to 1,200 Jobs

Leverkusen, Germany, April 27--Lanxess, the German chemicals company which went public recently, has revealed that it intends to cut up to 1,200 jobs.

Sears Cuts Headquarters Jobs

Hoffman Estates, IL, April 27--Sears has started a major wave of layoffs at its in the wake of last month's merger with Kmart Holding Corp.

Home Depot Leases Warehouse Space in Chicago Area

Atlanta, GA, April 27--Home Depot signed a lease for a new 800,000 square foot distribution center in Bolingbrook, Illinois, according to a report in the Chicago Tribune. The company will now have 3 million square feet of warehouse space under lease in th

Durable Goods Orders Off 2.8%

Washington, DC, April 27--Orders for durable goods in March were off 2.8% in March, the largest drop since September 2002, according to the Commerce Department.