Tag Archives: Furniture Brands International

Resolutions for 2014

Duke_Ratliff

By Duke Ratliff With holiday shopping (and selling) in the rearview mirror, home furnishings executives can now focus on the year ahead. Here are a few resolutions for the new year that notable individuals and institutions can make to make it a successful 2014. Walmart’s new leaders Doug McMillon and David Cheesewright should resolve toMore »

Last updated: December 20, 2013

KPS Acquires Furniture Brands, Changes Name to Heritage Home

KPS Capital Partners

NEW YORK–KPS Capital Partners has acquired all of the assets of Furniture Brands International and it will operate as Heritage Home Group. Also, KPS announced that Ira Glazer has been named president and CEO of Heritage Home Group.  KPS described Glazer as “an executive with three decades of successful turnaround experience.” Former Furniture Brands CEOMore »

Last updated: November 25, 2013

Furniture Brands Announces Court Approval for Stalking Horse Bid

Furniture Brands

ST. LOUIS–Furniture Brands International today announced that it has entered into an asset purchase agreement with KPS Capital Partners L.P. to acquire substantially all of the company’s assets for $280 million, including the company’s Lane business. In addition, Furniture Brands has filed a motion seeking authorization from the U.S. Bankruptcy Court for the District ofMore »

Last updated: October 3, 2013

Furniture Brands Files Chapter 11

Furniture Brands

ST. LOUIS–Furniture Brands International, owners of some of the biggest names in furniture including Broyhill, Drexel Heritage and Thomasville, announced today that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company also announced that it has entered into anMore »

Last updated: September 9, 2013

Xcel Allies with Furniture Brands for Isaac Mizrahi Home Line

Isaac Mizrahi

NEW YORK-Xcel Brands, parent company of the Isaac Mizrahi brand, has signed an exclusive license agreement with Furniture Brands International for a line of furniture under the Mizrahi label. Under this agreement, Furniture Brands will both manufacture and distribute the collection, which will be called Home Isaac Mizrahi. A joint statement from Xcel, Isaac MizrahiMore »

Last updated: August 1, 2013