Global Industry News | The Furniture Times | March 2026
Mumbai Court Rejects Plea to Cancel Bail in ₹30 Crore Furniture Scam
A Mumbai court has rejected a plea to cancel bail in a ₹30 crore furniture import scam, shedding light on compliance risks, valuation issues, and increasing regulatory scrutiny in the global furniture trade.
World’s Largest Furniture Manufacturer Cuts Hundreds of Jobs
Ashley Furniture Industries, one of the world’s largest furniture manufacturers, is cutting hundreds of jobs as part of a major restructuring effort—highlighting the growing pressures facing the global furniture industry. Driven by shifting consumer demand, rising costs, and the need for operational efficiency, the move reflects a broader transformation where companies are rethinking production, workforce, and long-term strategy in an increasingly uncertain market.
