February 16,
2017 by Larry Thomas in Acquisition, Industry
Samson Holding Company, parent company of Universal Furniture, Legacy Classic and Craftmaster, has agreed to acquire high-end brands Baker, Milling Road and McGuire from Kohler Co.
February 16,
2017 by Larry Thomas in Bedding, Financial Reports, Industry, Product
Bedding major Tempur Sealy International (NYSE: TPX) recorded a fourth-quarter profit of $63.4 million or $1.12 per share as sales crept up 0.3%.
February 16,
2017 by Larry Thomas in Acquisition, Industry
Upholstery and case goods resource Klaussner Home Furnishings has been acquired by the private equity firm Monomoy Capital Partners in a deal the company said will benefit both its employees and retail dealers.
February 16,
2017 by Larry Thomas in Industry, Store Openings
Retailer Boston Interiors said it will open a new store later this year in Bedford, N.H.
February 16,
2017 by Larry Thomas in Bedding, Executive Changes, Industry, Mattresses, Product
Bedding retailer Mattress Firm has hired marketing veteran Sicily Dickenson as chief marketing officer.
February 16,
2017 by Larry Thomas in Business Strategy, Industry
Troubled furniture, appliance and electronics retailer HH Gregg (NYSE: HGG) said it has retained a financial adviser and investment banker “to pursue a range of potential strategic and financial transactions” as it seeks to reverse recent losses and improve liquidity.
February 15,
2017 by Larry Thomas in Business Strategy, Financial Reports, Industry
An investment firm with a 12.9% stake in struggling Rent-A-Center (NASDAQ: RCII) is urging its board of directors to sell the company, and threatened to launch a proxy fight at this year’s annual meeting if the board doesn’t act quickly.