Bassett Furniture Details Dollar Impact of IHFC Sale

October 6, 2011  by in UnCategorized   

By Aggregated Content in Case Goods on October 7, 2011 from http://c.moreover.com/click/here.pl?z5298911854&z=1250249030 Bassett Furniture Inds. has detailed its financial proceeds from the sale of the International Home Furnishings Center earlier this year, which was part of a historic $1 billion deal involving the furniture markets in High Point and Las Vegas. Bassett was the largest single shareholder among the co-owners of the IHFC, the High Point Market's largest showroom complex. The IHFC, the former assets of Merchandise Mart Properties Inc., the former holdings of Showplace and the World Market Center in Las Vegas were bought in May by International Market Centers. The new owner, made up

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