Table of Content

SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
Furniture manufacturer Gabriella White has acquired upholstery manufacturer
Stanford Furniture
Glen Raven will divest its PVC coating activities to Sioen Industries
Mattress and bedding manufacturer Tempur Sealy has acquired a majority share in
Sherwood Bedding
Performance textiles manufacturer The Crypton Companies (Crypton) has acquired textiles
manufacturer Abercrombie Textiles
Textile products manufacturer Pharr has sold its Pharr Fibers & Yarns and Phenix Flooring
divisions to Mannington Mills
CORPORATE STRATEGY
Contract textiles maker Duvaltex will merge three of its brands as part of an organisational
streamlining process
IKEA has opened a virtual retail store on the Tmall e-commerce site
IKEA Retail US has entered into a partnership with Optoro as part of a strategy of
streamlining its reverse supply chain and contributing to a circular economy
Luxury mattress producer Kingsdown has diversified into the manufacture of luxury pillows
ENVIRONMENTAL SUSTAINABILITY
Bedding manufacturer Malouf has established an Environmental Sustainability Council
INVESTMENTS
Private equity firm Sherpa Capital has made an investment in luxury rug manufacturer
Ferreira de Sá
JOINT VENTURES, COOPERATION, LICENSING AND
DISTRIBUTION
Luxury interior furnishings group Walker Greenbank has expanded the scope of its
distribution agreement with Kravet to include Canada
Soft-Tex International and Serta Simmons Bedding have entered into an exclusive
partnership agreement
MARKETS
EU imports of home textiles were up in value and volume in 2019
US imports of made-up textiles were down in value but up in volume in 2019
NEW BRANDS
Online home furnishings and home textile products retailer Wayfair has launched a home
furnishings brand called Hykkon
TRACEABILITY
Oritain and Cotton Council International (CCI) have entered into a partnership to apply
verification technology to Cotton USA branded cotton