UK’s Carpet International In Receivership
Bradford, UK, Aug. 21--Carpet International, the UK’s largest carpet manufacturer which has 1,200 employees – has gone into administrative receivership.
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.
Judge Wary Of Pillowtex's Liquidation Plan
Wilmington, DE, Aug. 21--Calling Pillowtex Corp.'s liquidation plan "very, very unusual," a federal bankruptcy judge on Wednesday indicated he would encourage rival bids for what's left of the Kannapolis-NC based towel maker
Domco Tarkett's Board of Directors Recommends
Farnham, Quebec, Aug. 19--Domco Tarkett Inc. announced today that its Board of Directors recommends that minority shareholders accept the revised offer of Tarkett Sommer AG announced on August 12, and tender their common shares.
Home Depot Looks For Ways To Grow Revenue
Atlanta, GA, Aug. 19--Home Depot Inc. chief executive officer Robert Nardelli rewarded store managers who met sales goals last quarter with a four-wheel prize: pickup trucks painted orange to match the logo color of the world's largest home-improvemen
Shareholder Disputes Revised Bid For Domco
Montreal, Aug. 20--The board of flooring company Domco Tarkett Inc. yesterday recommended minority shareholders accept a sweetened bid by the majority shareholder to buy them out, but one prominent investor said the revised offer is inadequate.
Mohawk Moves Distribution Center To Hanover, VA
Hanover, VA, Aug. 20--The tan and gray building with burgundy trim is a blur to thousands of I-95 travelers. Mohawk Industries, though, is big business in Hanover, as reported in the Hanover Herald Progress.
NC Textile Town Seeks New Businesses
Kannapolis, NC, Aug. 20--For nearly a century, Pillowtex's Plant No. 1 has dominated the heart of this mill village's downtown.
Strong Rise In Housing Starts
Washington, DC, Aug. 19--Home construction jumped in July to the highest level in more than 17 years as the red-hot housing market showed no signs of slowing down even as mortgage rates began to rise.
Carpet Expo Attracts 245 Foreign Importers, Dealer
Lahore, Pakistan, Aug 19--As many as 245 foreign importers and dealers of carpets expected to visit Pakistan Carpet Exhibition-2003 being held in Karachi from August 28-31, according to PakNews.com.
Retail Lawyers In Debit Case Seek 18%
New York, NY, Aug. 19--Lawyers for some of the biggest U.S. retailers, who negotiated $3.05 billion in settlements with Visa and MasterCard over debit cards, are requesting 18 percent of the payout as payment, along with more money for expenses, reports s