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From Home Furnishing Business

Report: Amid Stock Collapse, Steinhoff May Sell Retail Assets

Steinhoff International, (FRANKFURT: SNH) the South African furniture and retail conglomerate whose stock price collapsed last week in the wake of an accounting scandal, may have to sell some of its prized assets – including Mattress Firm – in order to make debt payments that are due in March, according to a Bloomberg News report.

Art Van Sells Mattress Factory to Blue Bell

Rapidly expanding Art Van Furniture, which recently acquired major retailers Levin Furniture and Wolf Furniture, has sold its mattress manufacturing company, Comfort Mattress, to Connecticut-based Blue Bell Mattress.

Seven New Sponsors Sign Up for Vegas Celebrity Poker Event

Seven new sponsorships have been secured for the 10th annual Ante4Autism celebrity poker tournament that takes place the day prior to the official opening of next month’s Las Vegas Market.

Bassett Opens Two Additional Motion Upholstery Galleries

Bassett Furniture Inds. has opened Club Level Pavilions at Fleming’s Fine Furniture in Malone, N.Y., and Great American Home Store in Memphis, Tenn.

FastFact: South, West Reap Biggest Benefits When Americans Move

The southern and western states are the biggest beneficiaries when Americans move, as data from the U.S. Census Bureau shows the South and West had the greatest net increase in population from movers from 2015 to 2016.

United Furniture Completes Acquisition of Lane

Upholstery and case goods resource United Furniture said it has finalized its purchase of Lane Furniture from Heritage Home Group.

Conn’s Drops Tempur Sealy; Makes Serta Simmons Exclusive Supplier

Retailer Conn’s Inc. (NYSE: CONN) confirmed that it had made Serta Simmons Bedding its exclusive mattress supplier, ending a similar arrangement with Tempur Sealy International (NYSE: TPX).

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