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From Home Furnishing Business

KPS Sole Bidder for Furniture Brands International

Then, there was one. One bidder for Furniture Brands International's assets in the company's bankruptcy auction originally set for today. The auction has been cancelled because only one qualified bid was received by yesterday's deadline.

DFW Furniture Files Bankruptcy, Shutters Stores

Columbus, Ohio-based furniture retailer DFW has filed Chapter 11 bankruptcy and has begun closing stores.

Furniture Brands Closes Action Transport

Parent company Furniture Brands International has closed Action Transport, the trucking subsidiary of Lane Furniture.

Furniture Brands Accelerates Auction Date

The outcome for the new owner of Furniture Brands International could come sooner than expected. The auction will now be held Nov. 21 instead of Dec. 10, which was the initial date set.

Judge OKs Bonuses for Furniture Brands Execs

A U.S. Bankruptcy Court judge brushed aside objections Friday to paying bonuses to seven Furniture Brands International executives but capped the total possible payments at $3.5 million.

Investor Suit Accuses Furniture Brands, Executives of Hiding Financial Problems

Furniture Brands International is facing a class-action lawsuit from investors who accuse the company and its management of deliberately misleading them about its financial status prior to entering Chapter 11 bankruptcy protection last month.

Furniture Brands Gets New Lead Bidder

Oaktree Capital has been edged out as the lead bidder in the bankruptcy auction of Furniture Brands International's assets by KPS Capital Partners who put in a $280 million offer.


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