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From Home Furnishing Business

Ikea Adds African Signature

Ikea is creating a uniquely African line of goods in an effort to tap into the “creative explosion” happening across the continent right now.

Rent-A-Center Shareholder Wants Board to Sell Company

An investment firm with a 12.9% stake in struggling Rent-A-Center (NASDAQ: RCII) is urging its board of directors to sell the company, and threatened to launch a proxy fight at this year’s annual meeting if the board doesn’t act quickly.

Williams-Sonoma Signs Deal with Korean Furniture Producer

Retailer Williams-Sonoma (NYSE:WSM) signed a franchise agreement with Korean furniture manufacturer Hyundai Livart Furniture Co. to operate retail stores and an e-commerce business in South Korea.

Serta Simmons Commits $100M to Boost Production, Marketing

Serta Simmons Bedding, the nation’s biggest mattress producer, said it is making a multi-year investment of more than $100 million to expand production capacity and boost its marketing efforts.

New Jersey, Indiana Retailers Join Furniture First

Berk’s Furniture & Mattress in Hackettstown, N.J., and Dean Bosler’s Furniture and Mattress Showrooms in Evansville, Ind., are the newest members of the Furniture First national buying group.

Tempur Sealy Adopts Rights Plan in Wake of Stock Slide

Bedding producer Tempur Sealy International (NYSE: TPX), whose stock price has been hammered since it announced last week it no longer would sell products to Mattress Firm, said its board of directors has approved a stockholder rights plan to protect the company against hostile takeover bids.

Ashburn, Tatum Get Key Posts at Heritage Sleep

Heritage Sleep Concepts, the Southeastern licensee for mattress brands Eclipse International and Eastman House, has added industry veteran and its Executive Vice President of Sales Bob Ashburn to its board of directors.

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