By Dennis Seid Daily Journal TUPELO – United Furniture Industries was the winning bidder for the former Lane Furniture Industries plant in Verona, and hopes to be building furniture inside the plant by next spring. United offered $1.45 million for the 475,000-square-foot facility, along with 90 acres in the Tupelo Lee Industrial Park South. Doug […]
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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 […]
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, […]
- Houston centralizes purchasing December 11, 2014
- Correctional Facility goes into lockdown December 15, 2014
- MHSAA announces new alignment December 15, 2014
- United Furniture buys former Lane plant for $1.45M December 15, 2014
- Take a bite out of Christmas crime December 16, 2014
- Board hears report on HUES December 18, 2014
- FLOYD INGRAM: Christmas in Houston, Mississippi December 18, 2014
- EDITORIAL: Change December 18, 2014
- Houston considering fire chief December 18, 2014
- Tupelo man killed in Tuesday morning wreck December 17, 2014
- Kathryn: I'd say that Mr. Scott nailed it. Well said, sir...
- Erma Byars: Congratulations Marty for all your achievements. ...
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- Sad for Our Kids: Bravo! You've done your job as an advocate for a...
- Tammy Pettit: I get that you and I know several others are upset...