Heritage Home Group is moving its headquarters from the St. Louis area to North Carolina. The re-formed Furniture Brands International said the closures will begin in June, resulting in more than 150 layoffs.
Thomasville and Lane furniture facilities in Mississippi, North Carolina, Tennessee and Virginia are among 17 former Furniture Brands International (FBI) properties up for auction by Hilco Real Estate LLC.
Ethan Allen Furniture named Daniel R. Bradley Senior VP Furniture Group. Bradley, a top merchandiser, is expected to help Ethan Allen capitalize on the “New Eclecticism,” a design trend influencing all rooms in interior design.
Two Thomasville furniture factories and a Lane Furniture operation will close as Heritage Home Group, the former Furniture Brands, restructures following its bankruptcy. Approximately 564 will be laid off.
KPS Capital Partners, LP (“KPS”) today announced the formation of a new company, Heritage Home Group, LLC, that has acquired substantially all of the assets of Furniture Brands International, Inc., a world leader in designing, manufacturing, sourcing and retailing home furnishings.
September 10 is a day that will go down in Woodworking Network infamy. It was the first day WWN issued not one, but two breaking news alerts: Cardell Cabinetry Out of Business and Furniture Brands Files for Bankruptcy.
Furniture Brands International has reached a preliminary agreement for KPS Capital Partners to its acquire assets, including the Lane Business for $280 million. It includes enhanced terms on DIP financing and extends offers of employment to substantially all current employees