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From Home Furnishing Business

American Textile Hires Carlo Morgano for New IT Post

American Textile Co., a producer of mattress and pillow protectors, sheets, blankets and other sleep accessories, has named Carlo Morgano to the new position of senior vice president of information technology.

Pier 1, Flexsteel Name New CFOs

Two home furnishings companies, retailer Pier 1 Imports (NYSE: PIR) and manufacturer Flexsteel Inds. (NASDAQ: FLXS), have hired new chief financial officers.

Pete Sakaria Gets Merchandising Post at Flair/Minhas

Flair/Minhas, a case goods and upholstery producer and importer, has hired industry veteran Pete Sakaria to oversee its merchandising.

Raffel Systems Overhauls Website

Raffel Systems, a producer of electronic components for motion upholstery and bedding, has revamped its website to make it more user-friendly for manufacturers, retailers and consumers.

Ashley’s Angels Helps 1,356 Needy Children in 4 States

Ashley’s Angels, a non-profit group organized by Ashley Furniture employees, delivered Christmas cheer to 1,356 needy children across the country, providing food, clothing, and toys to children in more than 60 school districts in Mississippi, North Carolina, Pennsylvania and Wisconsin.

Mattress Firm Parent to Issue Revised Financials for 2015, 2016

Steinhoff International, the troubled parent company of Mattress Firm and a number of other furniture retailers and manufacturers in Europe, Asia and Africa, said an investigation of its finances revealed the company will have to restate its financial statements from the 2015 and 2016 fiscal years.

Mitchell Fadel Replaces Speese as Rent-A-Center CEO

Mark Speese, the longtime CEO of Rent-A-Center (NASDAQ: RCII) who lost his board of directors’ seat in a proxy fight last year, has resigned as CEO and is being replaced by former company president Mitchell Fadel.

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