Bespoke kitchen manufacturer Johnson & Johnson Furniture has gone into administration and made approximately 50 redundancies. The family-run business started trading in the 1960s. lt established itself as a furniture manufacturer in the 1980′s by supplying prestigious house builders.
But in 2009, the company entered into a Company Voluntary Agreement, with creditors insisting upon pro forma payments. It placed strain on the company’s cash flow which, with a downturn in trading conditions in 2010, exacerbated the trading difficulties and it defaulted on its CVA. Johnson & Johnson Furniture appointed Steven Muncaster and Sarah Bell of MCR as joint administrators, which then made around 50 redundancies. The aim was to facilitate on-going trading, while the administrators seek the sale of Johnson & Johnson Furniture as a going concern.
Ideal Standard announces consumer-led strategy:
Ideal Standard International unveiled a consumer-led strategy for 2011 , at the Williams FI conference centre in Oxford. The strategy promised to focus on developing products driven by consumer insights and consumer needs for their bathroom space.
It followed a two-year period of research with consumers and Ideal Standard Internationals customers. Managing director of Ideal Standard International, Keith Boad, commented: “The roll-out of the new brand strategy is an important milestone for Ideal Standard. We will be making a significant investment in the Ideal Standard brand.” In addition, Ideal Standard revealed a host of products, which will also be showcased at the German ISH exhibition.
The products included three bathroom collections; Playa, Strada and Contour 2I . In addition, it boasted showering ranges ldealrain and ITV, plus the Kubo line of enclosures.