Stanley Furniture Co. Inc. said it is projecting 15 percent sales growth in 2014 despite discontinuing its Young America juvenile furniture brand and closing of the residential furniture company's last domestic production facility.
Dorel Industries invested $1.6 million to acquire the remaining shares of Dorel Juvenile Brazil, making it a wholly owned subsidiary of the home furnishings and juvenile products company.
Dorel Industries Inc. has signed an agreement to acquire the juvenile business of Hong Kong-based Lerado Group, one of the largest juvenile product manufacturers in China. The acquisition will give Dorel its first company-owned factory in Asia.
Net sales for Q1 2014 decreased 26.1% to $38.0 million, compared to $51.4 million for Q1 2013. This decrease was primarily the result of sales declines of 61.2% at CoCaLo, 36.5% at Kids Line and 31.0% at LaJobi.
Stork Craft and Furniture Brands have signed a licensing agreement to produce and market juvenile and kids furnishings under the FBI brands Broyhill, Lane, Thomasville and Drexel Heritage.
Stork Craft Manufacturing, Inc. has entered into a licensing agreement with Furniture Brands International, Inc. to develop and market juvenile/kids furnishings under the respective trademarks/brands of Broyhill, Lane, Thomasville and Drexel Heritage.
Kid Brands Inc. has appointed Raphael Benaroya to president and CEO, effective immediately.
Kid Brands, Inc. (NYSE: KID) announced the appointment of Raphael Benaroya as President and Chief Executive Officer, effective immediately.
The U.S. Consumer Product Safety Commission said 440 drop-side cribs made in China are being voluntarily recalled by Quebec furniture firm Dutalier Group.
Used as a flame retardant in upholstered residential and juvenile furniture, the chemical chlorinated Tris has been linked to cancer.