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Related Furniture and Furnishings Industry News

• June 2024: Esports tournament organizer BLAST partnered with gaming furniture brand Blacklyte. Under this agreement, Blacklyte is set to be the official gaming chair partner for both BLAST Premier and BLAST Rainbow Six events in 2024.
• August 2023: Xbox, a leading gaming firm, collaborated with Tempur, a well-known mattress manufacturer, to create a unique and innovative gaming chair designed for enhanced comfort and performance.

• March 2024: Godrej & Boyce plans to invest USD 4.8 million over the next three years to expand its distribution network in tier-II and tier-III cities. The investment aims to double its presence to over 400 towns by FY 2027. The company will spend USD 1.2-1.8 million annually on store expansion and renovation, targeting a 15-20% annual growth in revenue.
• April 2023: India's first-ever safety application for material handling, Godrej and Boyce, launched i-Report, its innovative safety solution to improve safety in the material handling industry in India. The app will help to bridge the gaps in the industry’s safety policy and standards by providing a 360-degree safety solution to their customers as well as business partners by providing remote and real-time incident reporting and audit capabilities, as well as training and consultation.

• August 2023: Shivalik Group, an Ahmedabad-based real estate developer, and Stanley Furniture, one of India's top fully integrated luxury furniture manufacturers, forged a strategic partnership. The goal of this partnership is to open luxurious furniture stores throughout Gujarat.
• March 2023: Durian Furniture launched its spring 2023 offerings of veneer furniture pieces, available both in-store and online. The company launched a coveted collection of timeless coffee tables, side tables, TV units, and buffets that merge with the inherent beauty of exotic veneers and mesmerizing patterns handcrafted by skilled Marquetry artisans.

• In August 2023, Springfit Mattress announced it is planning to open 150–200 Springfit Lounge showrooms in the next year.
• In July 2023, Sheela Foam approved the acquisition of a 94.6% stake in Kurlon Enterprise Limited (KEL). With this acquisition, Sheela Foam will further strengthen its leadership position in the modern mattress market.
• In March 2023, VFI Group partnered with Setra Simmons, a US-based company, to produce luxurious bedding in India.

• August 2023: Sleep Number Corporation has introduced the next generation of smart beds and lifestyle furnishings. Designed to be used independently yet most effectively when combined, these innovations aim to enhance sleep quality and unlock individuals' full potential across all life stages. The next generation of Smart Beds was developed from the original Sleep Number 360 and awarded for its innovation. The knowledge of more than 19 billion hours of proprietary, longitudinal sleep data from the 360 Smart Bed has led to the most recent advances.
• September 2022: Saatva introduced a dorm-friendly pillow, bedding, and mattress topper bundle. The new bundle is designed for students who want to upgrade their sleep comfort.

• In June 2023, The FITOUT, a prominent provider of comprehensive interior solutions in the Middle East and a subsidiary of Union Properties, partnered with Gurian, an Italian furniture manufacturing company. This collaboration aims to diversify product offerings and introduce Italy's finest luxury furniture to the UAE market.
• In June 2023, Vivium Holding, a forward-thinking single-family office, announced a strategic distribution agreement with Kettal, a renowned Spanish outdoor furniture brand known for its focus on design and innovation. The collaboration includes the debut of Kettal's first store in the United Arab Emirates early next year, adding to Vivium Holding's expanding investment portfolio.

• August 2023: Danish furniture brand JYSK expanded to Hanoi, Vietnam, and opened a new store in the Indochina Plaza Hanoi Residences in the capital city.
• October 2022: World-renowned furniture company Wendelbo opened its first Vietnamese showroom. After more than a decade of producing goods in Vietnam, Wendelbo, a high-end interior brand, opened a store, a five-story showroom in Saigon.

• In January 2024, as a part of its expansion, IKEA opened a new store in the North Kanto region in Japan. It is the first store in the region and the tenth store in Japan.
• In May 2023, one of the leading Japanese producers of wooden furniture, Karimoku Furniture Inc., partnered up with internationally recognized avant-garde design firm Zaha Hadid Design to create SEYUN, an exclusive collection of exquisite furniture.

• September 2023: International firms are rapidly expanding into the Vietnam furniture industry as a result of lower tariffs, an easy trading environment, convenient logistic services, and a wide range of materials for manufacturing furniture in the country. Denmark’s JYSK and BoConcept are the leading international players in this expansion. The international players are aiming to establish their manufacturing plants as well as to capture the Vietnamese furniture retail chain.
• July 2023: AA Corporation completed the interior fit-out works, supplying and installing millwork and loose furniture at the Regent Phu Quoc resort. The resort has 176 suites and 126 villas with spacious rooms, and AA Corporation has supplied luxurious furniture for these rooms and suits. For this project, the company has provided mixed-use furniture development comprising luxury residences and a hotel.
• January 2022: IKEA improved its e-commerce capabilities after having difficulty adapting after the pandemic. This was expected to improve its exports and imports across the globe and in Vietnam.

• January 2023 - Majid Al Futtaim's Lifestyle division has taken on the UAE rights for Poltrona Frau, the luxury Italian furniture brand known for its leather interiors. This marks the UAE entity's entry into the home interiors space, which has been recording some fast-track growth in recent years in sync with developments in the wider property market.
• August 2022 - One of the top luxury furniture retailers in the UAE, Sophia Home is the home of traditional and modern luxury furniture as well as carefully chosen home décor items from interior designers to make your house a luxurious residence. Sophia Home has opened its second showroom in the United Arab Emirates at Dubai Hills Mall. In Abu Dhabi, it has become one of the best places to buy high-end furniture.