Daily News
From Home Furnishing Business
Chromcraft Revington Closing
May 28,
2014 by in Casegoods, Product 
Chromcraft Revington is winding down operations at its Mississippi factory following the company's primary lending demanding loan repayment.
A furniture factory that was once had more than 1,000 employees in Senatobia is closing.
Chromcraft Revington laid off as many as 200 employees earlier this month, leaving the furniture maker and distributor with about 30 employees to wind down its operations.
E.E. Wang, a spokeswoman for the company, said that the company’s primary lender demanded repayment of its loans, prompting the shutdown.
“Our focus now is to maximize the asset value of Chromcraft Revington to fulfill outstanding obligations to its primary lender and to all other creditors to the maximum extent feasible,” Wang said.
She says Chromcraft Revington plans to fulfill current orders and will provide an update on its future plans. When asked if Chromcraft Revington has filed for bankruptcy, Wang said “not to my knowledge.” She says the company is examining all options, including a potential sale.
Read Entire Story Source: The Daily Journal