Banner Mattress & Furniture to Change Owners, Direction

June 10, 2014  by in Business Strategy, Furniture Retailing, Industry   

Banner Mattress & Furniture Co. will officially shut down later this year, but a group of four employees including the firm’s general manager have plans to build a new business around the 85-year-old company’s central Toledo mattress factory.

Bard Strand, Banner’s general manager, said the family that owns the company wants to get out of the business.

“They want to unload what they own currently — inventory, real estate, you name it. But a deal has been made between the current owner and myself with my partners that we will take over the factory, factory equipment, warehouse, and everything we have downtown.”

Read Entire Story Source: The Blade