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From Home Furnishing Business

Bobby Berk Home Opens in L.A.

Bobby Berk Home has opened a store in Los Angeles, the fourth location for the home furnishings retailer.

Deadline for Market Product Photography Extended

The deadline for submitting photographs of product being shown at the upcoming High Point Market for inclusion in the October issue of Home Furnishings Business has been extended.

Loloi Rugs Has New Showroom at New York Home Fashions Market

Loloi Rugs has a new, expanded showroom for the Sept. 23-26 New York Home Fashions Market.

Vegas CEO Summit Confirms New Speakers, Sponsors

The second annual CEO Summit at Winter Las Vegas Furniture Market has confirmed additional speakers and sponsors.

Former Universal Rep Barry Barto Dies

Former Universal Furniture representative Barry Barto, 69, of Emmaus, Pa., died Sept. 8 in Lehigh Valley Hospital Inpatient Hospice.

LZB to Buy 3-Store Las Vegas Network

Kurt Darrow La-Z-Boy Inc. (NYSE: LZB) plans to buy three La-Z-Boy Furniture Galleries stores in the Las Vegas market.

Furniture Brands Gets Approval of Financing; 2nd Bidder on the Scene

Furniture Brands International won court approval of as much as $115 million in bankruptcy financing to help fund operations as it pursues a sale of most of its assets to Oaktree Capital Management for about $166 million.

A rival bidder-KPS Capital Partners-appeared in court Wednesday saying it would be interested in buying Lane as part of the deal. An attorney for KPS said the company would stay active as the bankruptcy proceeded and could come forward with a better DIP plan.

An Oct. 2 hearing is set to determine approval of the full $140 million plan.

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Source: Bloomberg

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