Daily News
From Home Furnishing Business
La-Z-Boy Incorporated Completes Sale of Wholesale Casegoods Business
June 1,
2026 by Karen Parrish in Business Strategy, Industry 
La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, completed the sale of its previously announced American Drew and Kincaid wholesale casegoods businesses to Banner House (formerly Magnussen Home Furnishings, Inc.), a multi-branded portfolio of home furniture.
This portfolio optimization will enable La-Z-Boy Incorporated to focus on its core, vertically integrated North American upholstery business and drive its Century Vision strategy. La-Z-Boy stores, Comfort Studios, and Branded Spaces will continue to offer casegoods products to their consumers. These changes will enhance offerings in the future, opening up broader sourcing and driving efficiency in the process.