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 | Thomasville
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, […]
- EDITORIAL: Emergency Service September 11, 2014
- Rewarding excellence in education September 12, 2014
- Topper Zone grand opening September 13, 2014
- RENEE CUNNINGHAM: Common Core: Prepared for education anywhere September 13, 2014
- Ex-Ranger Donald Hawkins signed by Dallas Cowboys September 13, 2014
- County opens bids for AgriCenter roof September 16, 2014
- Rebels on road to open SEC hoops September 15, 2014
- City changes procedures for Parks & Rec cash receipts September 15, 2014
- BILLY McCORD: As I see it September 14, 2014
- BATTLE OF THE CREEK: Oldtimers remember September 14, 2014
- Tammy Pettit: I get that you and I know several others are upset...
- Lolette: Well since most people work during the week dont y...
- Carol Mac: I went to the Tupelo run, and I have some advice f...
- Candace R.: If that isn't nepotism, what is??? The solution ...
- Linda Huffman: Our home school policy is a joke. Some of these ch...