SALTILLO, Miss. — Upholstered furniture manufacturer Bauhaus Furniture has had a reprieve on the day it was scheduled to go out of business. 

The company, facing what owner Daniel Lim said was a “soft business climate, tariff uncertainty and an ERP upgrade ‘that proved more costly and less beneficial than expected," had planned to cease operations today, March 10, but it appears to have averted a shutdown. 

Furniture Today is reporting that the Saltillo, Mississippi-based company has reached a last-minute deal to keep the company open. According to the report, the deal affects approximately 75 employees.

In March 2014, La-Z-Boy sold Bauhaus to an investment group headed by Lim. The chairman and CEO of SV International, Lin also serves as chairman and CEO of Bauhaus Furniture Group, president and CEO of Bernard's Furniture Group and chairman of SV International. He has been involved in the furniture business for more than 30 years, first in North Carolina and later expanding to Mississippi.