September 18,
2013 by in Business Strategy, Industry, Special Events
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
September 17,
2013 by in Business Strategy, Industry
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
September 17,
2013 by in Business Strategy, Industry
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
September 17,
2013 by in Furniture Retailing, Industry
Home furnishings retailer West Elm will open its seventh Florida store Thursday in Tampa.
September 17,
2013 by in Bankruptcy, Industry, Legal
Furniture Brands International filed an amended list of its 30 largest unsecured creditors Monday in its Chapter 11 bankruptcy case.
September 16,
2013 by in Furniture Retailing, Industry, Web Retail
The Furniture Training Co. has updated training modules in the furniture product knowledge section of its online sales training courses.