FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement
Ad_Subscribe_HFB

Get the latest industry scoop

Subscribe
rss

Daily News

From Home Furnishing Business

Bankrupt Furniture Brands Seeks Executive Bonuses

Bankrupt Furniture Brands International has asked a federal judge in Delaware to let it pay more than $5 million in bonuses to 55 employees, including seven company insiders, if its assets are successfully sold at auction.

The manufacturer, which hasn't made a profit in six years, said the bonuses would be paid for reaching incentives that "will not be easy."... 

Read Full Article...

Source: Law360

Furniture Brands' Canadian Unit Files Bankruptcy

Furniture Brands Canada, a subsidiary of bankrupt Furniture Brands International, has also filed for bankruptcy and laid off all its salaried employees.

Furniture Brands launched the Canadian subsidiary in 2009. Furniture Brands Canada listed liabilities of about $2.1 million and assets of about $409,000 in its bankruptcy notice. Its salaried employees are owed just more than $70,400, according to the notice.

... 

Read Full Article...

Source: St Louis Business Journal

Robert S. Fogarty Jr. Dies

Robert S. Fogarty, Jr. died in the company of his family on Sept. 11 due to complications from Myasthenia Gravis and cancer.

He was a loving husband and family man, a loyal patriot, a scholar, an accomplished basketball player, and a titan of American industry. He was pre deceased by his sister Catherine F. Whalen and his parents Robert S. and Christine Fogarty. His wife Harriett, daughters Paula and Lea, and son Dean survive him.

... 

Read Full Article...

Source: South Hill Enterprise

Ethan Allen Names Chief Brand Officer

Dave Moore  has been named vice president and chief brand officer for Ethan Allen Interiors (NYSE: ETH). 

Surya Rugs Featured in Mercedes-Benz Star Lounge

Several rugs from rug and home furnishings vendor Surya are in the Mercedes-Benz Star Lounge at Mercedes-Benz Fashion Week, being held this week in New York City.

Art Van Furniture To Host Veteran's Tribute

Art Van Furniture will salute Michigan's military veterans and their families at a free Veteran's Tribute Celebration on Sunday, Sept. 22.

U.S. Retail Sales Miss Expectations

U.S. retail sales rose less than expected in August even as demand increased for automobiles and other big-ticket items, the latest sign that economic growth slowed in the third quarter.

The Commerce Department said on Friday retail sales increased 0.2 percent last month as Americans bought automobiles, furniture and electronics and appliances.

... 

Read Full Article...

Source: Yahoo! News

HFB Designer Weekly
CoreVid
[Ad_HFB_APP_Store]
HFB Designer Weekly
HFB Pinterest