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.
Eglisau, Switzerland, February 23--The purchase of a 25% stake in Swiss flooring group Forbo by a former executive appears to be part of a mutiny that will likely scuttle takeover talks sparked by private equity interest, according to The Deal.com.
Atlanta, GA, February 23--Floor and Decor Outlets of America opened its first Phoenix location last month, to what the company called record-breaking sales.
Pocatello Idaho, February 23--At a time when the spread of big box stores is forcing other family owned businesses to close, the floor covering business which Charles H. Bohrer started in 1923 is competing for contracts throughout the nation.
Vancouver, BC--February 22--Weyerhaeuser Company reached a definitive agreement to sell its B.C. Coastal Group assets to Brascan Corporation of Toronto, Canada for approximately $1.2 billion ($970 million US), plus working capital.
New York, February 22--The Conference Board’s Consumer Confidence Index, after improving in January, dipped in February.
Beijing, China, February, 22--A Chinese timber distribution official on Tuesday rejected a report by overseas environmental groups that claims to expose the rampant smuggling of illegally-logged hardwood from Indonesia to China, according to Kyodo News.
Whitehall, PA, February 22--Tarkett Residential was named Best New Flooring by Woman’s Day Special Interest Publications’ Woman’s Day Home Remodeling & Makeovers in their first annual "Best New Product Awards."
Jakarta, Indonesia, February 22—-Police from the province of Papua have captured three suspects along with a barge full of smuggled timber in the Naramasa waters near Manokwari, according to the Jakarta Post.
Kilmarnock, Scotland, February 22--Production at a historic Scottish carpet maker is to end after receivers conceded defeat yesterday in their attempts to find a buyer, according to the Guardian.
New York, NY, February 22--According to a report in the New York Times, May Department Stores said it has suspended its search for a new chief executive officer as merger talks with Federated Department Stores advanced.