FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement

Get the latest industry scoop

Subscribe
rss

HFBNow! Daily News and Designer Weekly

Brought to you by Home Furnishings Business

Furniture Brands Gets Approval of Financing; 2nd Bidder on the Scene

Furniture Brands International won court approval of as much as $115 million in bankruptcy financing to help fund operations as it pursues a sale of most of its assets to Oaktree Capital Management for about $166 million.

A rival bidder-KPS Capital Partners-appeared in court Wednesday saying it would be interested in buying Lane as part of the deal. An attorney for KPS said the company would stay active as the bankruptcy proceeded and could come forward with a better DIP plan.

An Oct. 2 hearing is set to determine approval of the full $140 million plan.

... 

Read Full Article...

Source: Bloomberg

Grapevine Furniture Closing after 25 Years

Grapevine Furniture is closing.

The new and used furniture business that became a landmark at 829 Portage St. was to close this Saturday after 25 years in business without a going-out-of-business sale or any fanfare.

But with nearly all its inventory gone, owner Scott Jett may close the business sooner.

... 

Read Full Article...

Source: Kalamazoo Gazette

ICFA Recognizes 11 Vendors for Furniture Design

The International Casual Furnishings Association has recognized 11 outdoor home furnishings and accessories vendors for outstanding product designs.

Mullinax Joins Englander Northwest in Sales, Marketing

Industry veteran Ken Mullinax has joined Englander Sleep Products as vice president of sales and marketing for Englander Northwest, Tualatin, Ore.

Walker Edison Makes Utah's "Fast 50"

RTA furniture vendor Walker Edison has made the Utah Business "Fast 50" list of fastest growing private companies in Utah.

SFC Webinar to Examine Consumer Attitudes

Sustainable Furnishings Council webinar this week will examine consumer attitudes toward "green" home furnishings.

Furniture Brands' Pension Top Unsecured Creditor

The list of top 30 unsecured creditors in the Furniture Brands International (OTC: FBNIQ) Chapter 11 bankruptcy case has been released.

EMP is here
The BOLD Summit
HFB Designer Weekly
HFBusiness Got News
HFB Pinterest
HFBusiness LinkedIN
Impact Report Store