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From Home Furnishing Business

Ingka Group Opens First Store in New Zealand in Auckland

Two years after the first shovel hit the ground in Sylvia Park, Auckland, Ingka Group, the largest IKEA retailer, has announced that it will open its first store in New Zealand on December 4th, 2025.

Big Lots Moving On with Chapter 11 Bankruptcy

Big Lots, Inc. (the "Company") today announced that it has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP ("Nexus"), pursuant to which Nexus has agreed to acquire substantially all of the Company's assets and ongoing business operations.

Corsicana Files for Bankruptcy, Proposed Acquisition by Blue Torch Finance

Corsicana Mattress Company and certain of its affiliated entities filed for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code in the Northern District of Texas in Fort Worth.

Art Van Files for Bankruptcy

Detroit-based Art Van Furniture has filed for bankruptcy following its announcement last week of plans to close and liquidate all company-owned stores, according to a report from the Detroit Free Press.

Pier 1 Files for Bankruptcy

Home furnishings and décor retailer Pier 1 Imports, Inc. (NYSE: PIR) has announced it has filed for bankruptcy and is seeking a sale of the company, according to a report from Reuters.

Watermark Living To Highlight Rattan Collections, New Finishes for 2020 Season

Leisure furnishings manufacturer Watermark Living will highlight collections and finishes from its rattan line for the 2020 season. Built for interior use, the Hamond and Cambria collections will offer style and comfort in Watermark Living’s rattan category. Also, finishes on various collections will receive a rejuvenated appeal with a trending golden hue with Sun Bleached and a rich Espresso.

ASID Announces AxD Fund to Strengthen Industry Impact

The American Society of Interior Designers (ASID) has just announced their Advocate by Design (AxD) Fund, a political education fund that aims to strengthen the design industry’s presence within national, state, and local policy decision making. 

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