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.

FURNITURE AND FIXTURES, Furniture & Fixtures, Furniture and Related Product Manufacturing, Furniture industry

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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.

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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.

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