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.

Furniture Brands International's assets will be sold to KPS Capital Partners LP, the winning bidder in the auction. The announcement was made Nov. 22.

Furniture Brands International announced that the U.S. Bankruptcy Court for the District of Delaware has declared an affiliate of KPS Capital Partners as the winning bidder in the auction.

Furniture Brands International bankruptcy judge okayed millions in executive bonuses, overruling a trustee's objection, but capped it at $3.5 million.

Furniture Brands International bankruptcy hit a snag as a trustee objected to a $6 million fee for Oaktree Capital Management. Oaktree is providing debtor in possession financing for the parent of Thomasville, Broyhill, and Lane brands. A creditor's committee

Furniture Brands International reports a $24.5 million net loss, 10 times higher than in Q3 2010. Sales fell 5.1 percent.

Furniture Brands International (NYSE: FBN), investing in SAP computer systems and off shore manufacturing, said sales rose $296.2 million, an increase of 2.3% versus the second quarter of 2010, but its net loss increased to $6.6 million.

ST. LOUIS -- Furniture Brands International (NYSE:FBN) reported that its fiscal 2010 sales are expected to total approximately $1.158 billion.

ST. LOUIS -- Furniture Brands International plans to develop an existing facility in Merida, on Mexico's Yucatan Peninsula, to provide cut-and-sew kits for its U.S.-based upholstery operations.

Furniture Brands International says announced that it has taken several steps to broaden its sourcing options for casegoods customers that it serves in the contract and ready-to-assemble (RTA) businesses.