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From Home Furnishing Business

Guilldmaster Emerges from Chapter 11

September 27, 2013  by in Bankruptcy, Industry   

Management and a small group of investors have purchased the company and committed more than $1 million in capital.
 
A judge in the U.S. Bankruptcy Court for the Western District of Missouri in Springfield approved the reorganization plan, which had already been accepted by the shareholders and creditors.
 
“We are ecstatic about the future direction and the new opportunities of our all-new company," said Steve Crowder, Guildmaster CEO. "Buyers will start to see a number of exciting new marketing, product and operational changes at Guildmaster this fall, as we leverage what Guildmaster has always done well. Next spring the company will introduce a new customization program that is currently unavailable in the industry in order to provide interior designers and specialty retailers a unique opportunity for their businesses.”
 
GuildMaster is known for its Old World techniques that make an artistic statement, which might be described as casually elegant with a touch of whimsy. Company-owned factories in Indonesia and China produce one-of-a-kind furniture, wall art, accessories, and lighting creations, all individually manufactured by master craftsmen trained in old world techniques.
 
“We promise we will not stray from the fundamental tenets of design, quality and fun that have built the GuildMaster brand for more than three decades,” Crowder said. “Our products will still be all about creating the wow factor in every room and with an expanded staff, we are even more committed to the highest level of service.”