MFI Furniture
Article Abstract:
MFI Furniture has faced sluggish demand in the UK and is upgrading its stores with an increased product range using the MFI Homeworks format. The company is also seeking to increase business in mainland Europe to counter the cyclical nature of the UK market, linked to housing market cycles. Stores are to be opened in Germany, Spain and Portugal as well as the Middle East. The company produces more than half the furniture in its stores and has seen a reduction in pressures from raw materials costs experienced in 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
MFI: coming unstuck
Article Abstract:
MFI sells inexpensive flat pack furniture and faces poor sales as well as rises for taxes, rents and inputs. The company aims to increase sales by expanding in France, with an increase in the number of its stores to 100 from 74 by year-end 1995. Tax rises will hit MFI's French operations and the French economy continues to provide difficult trading conditions. The company is also testing a venture called Howden Joinery involving quality kitchens and other products geared to small builders.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
MFI
Article Abstract:
MFI has carried out disposals and reduced its debt as well as cutting costs. Williams de Broe rates the company's stocks a hold, while Charterhouse Securities rates them a buy, and Deutsche Bank rates them a strong buy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: NWF: under pressure. WH Smith
- Abstracts: Hedge your bets. Bouncing back. Quids in?
- Abstracts: Cable and Wireless. Get connected. Kingston Comm's
- Abstracts: Take your pick of world shares. Breaking the old investment rules. Take Aim and ...click
- Abstracts: The dull rally. Investing in the future of medicine