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Ikea Founder Ranked World's 5th Richest

By Aggregated Content in Furniture Retailing on May 17, 2013 from Ingrad Kamprad, the founder of Swedish furniture giant Ikea, finished fifth on the Bloomberg Billionaires Index published on Friday, with an estimated fortune of $55.6 billion.
Kamprad was the second wealthiest European on the list, after Spain's Amancio Ortega, owner of the retail Zara chain, who finished fourth.

Another Swede, H&M's chairman Stefan Persson, squeezed inside the top 20 with an estimated wealth of $25.5 billion.

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Incendiary Device Thrown at Van Elslander Home

By Aggregated Content in Legal on May 17, 2013 from

Police are reportedly investigating the attempted firebombing of the home of a prominent local family early Friday morning.

According to WDIV-TV (Channel 4), at about 3:30 a.m., someone threw an incendiary "Molotov cocktail" through a window of the home of Gary and Janet Van Elslander, located on Whittier Street.

Gary Van Elslander is chairman and president of the Art Van Furniture Corp. and the son of founder Art Van Elslander. Art Van Furniture is a household name in Michigan and is one of the largest furniture retailers in the U.S.

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Dow Chemical Plans Appeal of Class Action Suit Decision

By Aggregated Content in Legal on May 16, 2013 from

A federal judge has slapped Midland-based Dow Chemical with a billion dollar judgment in a price fixing case.

The company allegedly colluded with its competitors to fix the price of urethane.

The collusion allegedly occurred between 1998 and 2003.

Urethane is used in automotive, construction, appliance and furniture products.

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Dallas Shared Showrooms Have New Companies, Lively Events for June

By Home Furnishings Business in Markets on May 16, 2013

Dallas Market Center€™s shared showrooms will present scores of new product lines during the June 19-25 Dallas Total Home & Gift Market.

Hemisphere Design Gallery, WTC 9-9009, features distinctive, high-end design oriented products showcased in a 59-space showroom. Hemisphere is a design resource destination targeting designers and retailers. Hemisphere will host an €œArts Fest€ party on Friday, June 21 at 5 p.m. Buyers can register to win a Kindle Fire. The winner announcement will be on Sunday, June 23 at 5 p.m. New exhibitors for June include: Etoffe Makara, a high-end bedding line; Shades of Grey decorative pillows; Anywhere Fireplace indoor/outdoor fireplace, tabletop and on the wall; Patterman and Sons curtain tiebacks; Love that Door iron doors; and Jane Stephens photography.

Outdoor Living, 1F201, International Trade Plaza, the 31,000-square-foot showroom showcasing multiple vendors dedicated to everything outdoors, will host a "Texas Stampede" on Thursday, June 20 at 5:30 p.m. with Dallas Design Supply. Buyers can drop off their business cards for a chance to win daily giveaways. New companies for June are: Hi-Line Gift Ltd. floral lights, furniture, fountains and 3D lanterns; String Light Co. leisure products, string lighting and wine accessories; Resten handmade, outdoor furniture; and LaCandela artisan-produced, hand-painted torches, Christmas ornaments and fire pots.

KidsWorld Studio, WTC 8-8701, the 8,000-square-foot showroom featuring gifts, home decor, lighting, toys, books, dolls, furniture, apparel and accessories for children, will host a €œSummer Carnival€ party on Friday, June 21 at 6 p.m. Buyers can enter to win a Kindle Fire, with the winner announcement on Sunday, June 23 at 5 p.m. New companies for June include: Baby Bespoke luxuriously-crafted heirloom silhouettes for baby; Bottle Pets animal-themed bottle covers; Cutey Booty personalized bloomers and boxer shorts for infant and toddler girls and boys; Kidaroo Crew custom and write-on designer labels for sippy cups, bottles and other small to midsize containers; Pacipals huggable pacifier; Pello luxe floor pillows; Posh Play eco-friendly, wipeable bibs, diaper clutches, changing pads and play mats; The Pretty Pink Hippo colorful and affordable children apparel for families on a budget; and Wall Sticker Lamp, a decorative wall sticker that is also an electric lamp.

The Gourmet Market, WTC 1-180, has expanded again to allow for a wider array of products for June market. (Table & Housewares FINDS temporaries will be housed adjacent to the Gourmet Market). Following a ribbon cutting ceremony on Thursday, June 20 at 5 p.m., there will be €œA Night on the French Riviera€ party. Buyers can drop off their business cards for a chance to win three nights at the Adolphus Hotel and dinner for two at the acclaimed restaurant, The French Room, during the January 2014 Dallas Total Home & Gift Market. Drawing for the winner will be on Monday, June 24 at noon.

Companies relocating within the expanded Gourmet Market include nationally-known companies Carmie€™s Kitchen, Lammes Candies, Limited Editions Pelican Bay Ltd. and Wild Hare Designs. In addition, Main St. Shoppe, Mercantile International/ChefPro, Leland & Associates and S.A.L.T. Sisters are expanding their exhibit space. New exhibitors include: Artistic Creations innovative, functional hand-painted items including Festa innovative wine products, cool sack insulated wine and beverage bags, freezable koozies and pocket water bottles; Chef Works Cutlery professional and chef€™s knives made in Germany of forged construction of surgical steel which extend full length of knife; Jon Margeaux  pewter-accented, dishwasher-safe glassware as well as domes, salad bowls, pitchers and other serving pieces; Le Popcorn & Candy gumdrop trees, Dutch licorice and more than 50 varieties of popcorn, custom novelty sweet treats for favors, gift baskets and catering; and Winchester Woodworks €“ bowls, lids, platters and urns crafted from a variety of natural woods from forests of North Carolina and exotic imported hardwoods.

Classic Home Brands Closing in Louisville

By Home Furnishings Business in Retail Closings on May 16, 2013

Louisville, Ky., Thomasville furniture retailer Classic Home Brands is going out of business. A store closing sale managed by Deere Park Associates began May 8.

After serving the Louisville area as Thomasville Brand Furniture, the owners of this store made the decision to no longer sell Thomasville Furniture, and with the change of their name to Classic Home Brands to liquidate a $2 million-plus inventory and go out of business.

"The decision to close our business was difficult," Owner Dan Dougherty said. "Classic Home Brands is a part of the history in Louisville and we have loved being a part of so many families' lives. But we have decided to move on. Dougherty went on to assure current customers that Classic Home Brands will honor all existing orders and warranties."

Advertising and marketing for the event are being directed by Focus Media Company.

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