Oaktree Capital has been edged out as the lead bidder in the bankruptcy auction of Furniture Brands International's assets by KPS Capital Partners who put in a $280 million offer.
The High Point Market contributes $5.4 billion in economic impact to the overall local economy with more than 37,000 jobs and $198 million in N.C. local and state taxes and fees.
Bob Sherman, former CEO of bedding major Serta, has resigned from his position.
Bedding supplier Restonic has named Julia Rosien brand engineer for the company.
Furniture supplier Chromcraft Revington (OTC Pink Marketplace: CRCV) will be sold to Sport-Haley Holdings. (Other OTC: SPOR)
Abbyson Living plans to launch an exclusive Abbyson Living Boutique Page on Wayfair.com.