Since 2005, Formanova, a maker of high-end furniture, has been trying to conquer a customer in Dubai, in the United Arab Emirates. It was in April this year that the company managed to sell its first products and conquered a large customer, Western Furniture, which owns five stores in the country. “In three months, all [...]

Steinhoff International Holdings, Africa’s largest furniture maker, offered to buy South African retailer JD Group for R15bn in stock as a way to deflect interest from buyout firms.
Shareholders of JD Group, the biggest seller of home furnishings in South Africa, will get 3,6 Steinhoff shares for each JD share, the companies said.
“They know each other [...]

With most of the art world’s high rollers in London this week for predicted record sales at Sotheby’s and Christie’s, a small auction in New York is calling attention to a group of artists who, some argue, have been unfairly excluded from the market’s gains.
Tomorrow afternoon, Swann Auction Galleries is holding a sale of over [...]

When Roberta Mand needs groceries, she has a world of choices in her own back yard.
For regular shopping, she goes to her neighborhood Kroger store. But for steaks, she prefers Costco. For a pecan-encrusted tilapia to take home for dinner, she’s off to the Fresh Market. And if she’s hankering for sushi, she hits Wild [...]

Móveis WW , based in the small city of São Geraldo (southeastern Brazilian state of Minas Gerais), started out in the 1950s as a small manufacturer of carts, barrels of cachaça (a traditional alcoholic beverage made of sugar cane), chariots, and other items typical of the time.
When the company was already run by ‘Didi’ (the [...]

It may be hard to imagine someone falling in love with a chair, but Susane Ronai says she’s done it lots of times.
”I look at them and fall in love. I don’t want to let them go,” says Ronai, who searches for chairs from the 1940s for her boutique in the Miami Design District. Since [...]

HOUSEHOLD electrical appliance manufacturer and distributor Amalgamated Appliances (Amap) said yesterday it had agreed in principle to buy the local furniture-manufacturing interests of Steinhoff Africa for R1,15bn, or 491c a share.
Steinhoff Africa is a wholly owned subsidiary of Steinhoff International Holdings.
The transaction, which Amap said would be funded through the issue of shares and debt, [...]

South African furniture manufacturer Steinhoff plans to sell its African furniture unit to Amalgamated Appliances Holdings (Amap) for 1.152 billion rand or 491 cents a share, the firm said on Thursday.
Steinhoff said the amount would be paid in new shares and debt, and that its shareholding in the enlarged Amap will be approximately 30 percent, [...]

Shares in South African furniture retailer Lewis rallied on Tuesday after it posted upbeat results and made positive comments about the outlook for the sector on Monday.
Lewis leapt 6 percent to 61.48 rand, before paring gains to 60 rand, up 3.4 percent, by 1228 GMT. Rival Ellerine rose 2.4 percent to 76.46 rand. The JSE [...]

Swanky couches, hammered African pots, geometric trendy bookcases and modern wall art are just a few things you can stock up on at the newest retail chain to hit the downtown Dadeland area.
The West Elm store, which specializes in home furnishings and housewares, opened its doors on Sept. 26. The Kendall location is the first [...]