Klaussner Furniture Not on Selling Block: J.B Davis

July 29, 2007  by in UnCategorized   

By Home Furnishings Business in Case Goods on July 2007 Just as it was announcing a new retail licensing concept, Klaussner Home Furnishings is squashing talk through the industry that the company has been sold.

The privately held company remains just that, according to J.B. Davis, the company’s chief executive officer.

“Klaussner is not being sold and is not for sale,” Davis said. “The truth is that we have been approached by several groups interested in acquiring Klaussner. However, our owner, Hans Klaussner, and the management team have decided against a sale at this time, and we’re moving forward with some exciting strategies that we believe will only make us stronger.”

Those strategies include the company’s implementation of a new branding initiative to be introduced at High Point Market in October, as well as the plans to convert four Sofa Express and More! stores to Klaussnerhome stores, Davis said.

Klaussner has explored several retail formats and partnerships in recent years, but now sees the Klaussnerhome model as the road to follow, said Jeff Davis, senior vice president of business development.

Klaussner plans to open at least 100 licensed Klaussnerhome stores by the end of 2009.

In addition to the stores and the consumer branding initiative, the company is looking to transition its outsourced products to Klaussner owned and operated manufacturing and consolidation facilities in Asia.

“We will always do what is necessary to remain a thriving business,” J.B. Davis said, reemphasizing that a sale of the company is not imminent.

“Our owner is committed to the success of our business, and we’re all very excited about the future of Klaussner Home Furnishings,” he said. “Our goal is not only to try to grow and maintain jobs here in the local area, but to create new jobs throughout our company at all our locations—in California, Iowa and North Carolina. We believe that the steps we’ve taken recently, and the ones we plan to take in the months ahead will enable us to succeed at doing just that.”