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.
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, NY, February 22--Touting Spain as a leader in global design, the Trade Commission of Spain introduced the Guide to Spanish Design & Interiors at an event in New York City.
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.
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.
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.
Salem, NJ, February 22--This month at the Carpet One 20th Anniversary Winter Convention in Dallas, Mannington was named the organization’s Partner of the Year. Voted on by over 1,000 Carpet One members, this first-ever award recognizes the outstanding an
Cincinnati, OH, February 22--Federated Department posted a quarterly profit at the high end of its expectations despite a slow start to the holiday shopping season.
Milan, Italy, February 21--There is little direct link where a rise in producer prices leads to upward pressure on consumer prices, Federal Reserve Bank of Cleveland President Sandra Pianalto said on Monday.