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From Home Furnishing Business

Furniture Brands Updates Top Creditors' List

Furniture Brands International filed an amended list of its 30 largest unsecured creditors Monday in its Chapter 11 bankruptcy case.

Furniture Training Co. Updates Modules

The Furniture Training Co. has updated training modules in the furniture product knowledge section of its online sales training courses.

DeLandis Names Rudwall President of U.S. Operations

Chuck RudwallDeLandis Furniture U.S. has named industry veteran Chuck Rudwall president of its U.S. division.

Furniture First Sets 2014 Symposium

National buying group Furniture First will host its 2014 Symposium in Fort Lauderdale May 12-14.

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."... 

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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.

... 

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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.

... 

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Source: South Hill Enterprise

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