Furniture Group to axe jobs
Morris Furniture succumbs to low-cost China
Lancashire-based Nathan Furniture has acquired most of the assets of the 130-year-old firm. Current owner Robert Morris said: “The whole trade is decimated.”
The firm was founded in 1884 by Mr Morris’ grandfather and has supplied furnishings to luxury ocean liners and cinemas. In recent years its products were sold through retailers under licensed brands such as G Plan. In 2006 it became one of Britain’s biggest furniture makers when it acquired Homestyle Kitchens & Bedrooms.
It struggled to recover from the downturn in the housing market in 2008 and Homestyle Kitchens was sold that year.
Mr Morris said the sale of the furniture businesses to Nathan would create a bigger group that would have a much better chance of competing with overseas rivals. He will own a stake in the firm and have a seat on the board.