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From Home Furnishing Business

J.C. Penney to Raise $810M in Equity Offering

J. C. Penney is looking to raise more than $800 million in equity as the struggling department store chain looks to build up its cash reserves heading into the holiday season.

Lulu Designs Offers E-Design Component

Lulu Designs has added another dimension to its design business by offering e-design service for its clients.

Lee Opens New Furniture Factory in Conover, N.C.

Upholstery supplier Lee Inds. dedicated its new corporate offices in Conover, N.C., Monday with N.C. Gov. Pat McCrory looked on.

Ashley's Wanek Back on Forbes' Wealthiest Americans List

Ron Wanek, the chairman and founder of America's largest furniture company, is a billionaire - nearly twice over. He makes his comeback to The Forbes 200 list of Richest Americans thanks to the strength of Ashley Furniture.

Forbes' analysis indicates Wanek is the majority owner of the privately held manufacturer and retailer of home furnishings, based out of Arcadia, Wis. The company generated more than $3.5 billion in revenue in 2012, more than any other U.S. furniture maker. The 72-year-old chairman's stake in the company is worth $1.8 billion.

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Source: Forbes.com

Roche Bobois Launches Jean Cocteau Collection

Jean Cocteau's poetic artistic legacy lives on in a new collection of decorative textiles and objects designed by upscale Paris-based home furnishings brand Roche Bobois.

Embroidered cushions, woven rugs, ceramics, lampshades, upholstery and throws serve as canvases for the late artist's texts and pictorial designs, using print and embroidery to capture his original drawings and manuscripts.

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Source: Blouin Artinfo

Ikea Gets Aggressive in India

After its winning battle with the FIPB and various arms of the government, Swedish retail giant Ikea is now getting aggressive about its India foray. Before opening its stores here, the company wants to ensure that there are no products with names even remotely similar.

According to a report in the Economic Times, Ikea has asked its legal team to send injunction orders to more than 24 small businesses across India that have been selling products and services such as furniture, modular kitchen and packaging material under similar sounding names.

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Source: Firstpost.com

ICFA Recognizes 11 Vendors for Furniture Design

The International Casual Furnishings Association has recognized 11 outdoor home furnishings and accessories vendors for outstanding product designs.

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