Furniture Brands Wind Down Inc., the remnant of bankrupt Furniture Brands International, has reached a deal with its creditors and the federal Pension Benefit Guaranty Corp. The settlement, which still needs court approval, has the PBGC reducing its claim against the company from $340 million to $300 million. In November,the PBGC said it would pay […]
Tag Archives | Broyhill
By Dennis Seid Daily Journal Lane Furniture finished laying off nearly 500 workers at its Saltillo plant last week, and its parent company announced Thursday it was putting Lane’s Verona location on the auction block. Heritage Home Group – the umbrella company for Lane, Broyhill, Thomasville, Drexel Heritage, Maitland Smith and other furniture companies that […]
TUPELO – For some laid-off and soon-to-be laid off employees of Lane Furniture Industries, shock and disappointment have given way to some hope. At least for a few. Last month, Lane’s parent company stunned the employees at Lane’s Saltillo plant, announcing it would be closed by March 21. Heritage Home Group said “business circumstances” forced […]
Daily Journal What remains of bankrupt Furniture Brands International will be overseen by a former officer of the company. Last week, Furniture Brands completed the sale of most of its assets to KPS Capital Partners for $280 million. In the sale on Nov. 25, KPS got Lane, Broyhill, Thomasville, Drexel Heritage, Maitland-Smith, Henredon, Hickory Chair, […]
- City Clerk resumes reviewed August 18, 2014
- Picnic in the Park! August 17, 2014
- A winner never quits! August 17, 2014
- Vardaman’s McClain earns national honor August 17, 2014
- Travel pay more about selfishness than finances August 17, 2014
- Pugh earns WBC scholarship August 20, 2014
- Color For A Cause seeks runners August 20, 2014
- Sweet potato field day planned for Aug. 20 August 19, 2014
- Aldermen discuss street worker pay August 19, 2014
- CDF lands Carl Small Town Center help August 19, 2014
- Candace R.: If that isn't nepotism, what is??? The solution ...
- Linda Huffman: Our home school policy is a joke. Some of these ch...
- Pat Southerland: It is interesting to see that Mrs. Dendy is resign...
- Michael Mcalpin: So glad to have this service back locally....
- Pat Burgess: Congratulations to Jim for the award and for all t...