September 10,
2013 by in Bankruptcy, Industry
The Chapter 11 filing by Furniture Brands International yesterday will likely result in the layoff of its 1,451-person Lane workforce in Mississippi.
Lane is being spun off separately from the company's stable of brands. The division operates plants in Belden, Miss., and Saltillo, Miss., as well as distribution centers in Verona, Miss., and Wren, Miss., and an office in Verona.
Gloria Neal, with the Mississippi Department of Employment Security, said the company filed notice Monday of the layoffs. She said the filing indicated the layoffs would start Oct. 14 and continue in "ensuing days and weeks."
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Source: Clarion-Ledger
September 9,
2013 by in Bankruptcy, Industry
Furniture Brands International (OTC: FBNI) has filed Chapter 11 bankruptcy protection today with the U.S. Bankruptcy Court in Delaware and said it plans to sell most of its assets, including brand names like Broyhill, Drexel Heritage and Henredon.
September 9,
2013 by in Carpets / Rugs, Product
Capel Rugs and Susan Hable Smith and Katharine Hable Sweeney of textile vendor Hable Construction have teamed to create a line of area rugs.
September 9,
2013 by in High Point, Market
Pavilions on Main 3 Temporaries will add 18 new exhibitors for the Oct. 19-24 High Point Furniture Market.
September 9,
2013 by in Industry, Store Openings
Art Van Furniture cut the ribbon Thursday at the Warren, Mich.-based furniture retailer's first store in Ohio.
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Source: Fox Toledo
September 9,
2013 by in Industry, Store Openings
Ashley Furniture HomeStore celebrated a “grand reopening” Friday at its expanded Lufkin, Texas, store.
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Source: Lufkin Daily News
September 9,
2013 by in Industry, Store Openings
A new home furnishings store, Saylor House , is set to open in Wyomissing, Pa.
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Source: Reading Eagle