Dorel Industries exiting Dorel Sports business
Company is selling bicycle segment to Pon Holdings B.V. for $810 million in cash, shifts focus to furniture, baby products MONTREAL, Quebec – In a …
Author: Thomas Russell
Home News Now Editor-in-Chief Thomas Russell has covered the furniture industry for 25 years at various daily and weekly consumer and trade publications. He can be reached at tom@homenewsnow.com and at 336-508-4616.
Dorel Industries expects Luxembourg court ruling to impact Q3 earnings
MONTREAL, Quebec - RTA, youth and nursery furniture specialist Dorel Industries Inc. said that a final tax decision handed down by the Luxembourg Administrative Tribunal …
Startups navigate the many challenges of a pandemic
Timing of company launches was complicated by one of the industry’s most challenging periods in recent history HIGH POINT – Given the option, most would …
Virginia court: Stanley Furniture must pay deferred compensation to former execs
Total amount owed to employees, plus interest, will be determined in future ruling DANVILLE, Va. — A judge here has issued a summary judgment that …
Kevin Bowman named president, CEO of retailer Good’s Home Furnishings
HICKORY, N.C. – Industry veteran Kevin Bowman has been named President and CEO of luxury furniture retailer Good’s Home Furnishings, which has locations in Charlotte …
Hi-Rock Home nearly doubles leather upholstery mix
The startup just completed a successful October market with plans to ship new and inline goods by early 2022 SALT LAKE CITY, Utah – Leather …
Stationary upholstery startup JCooper USA already in growth mode
Company has started manufacturing its stationary upholstery line and plans to add more groups to its production lines by early 2022 VARDAMAN, Miss. – Upholstery …
Christopher De Lisa joins Magnussen as senior vice president, sales
HIGH POINT – Magnussen Home Furnishings has named industry veteran Christopher De Lisa senior vice president, sales, a new position. He comes to the company …
Ethan Allen: Labor shortages remain a challenge
DANBURY, Ct. – In its latest earnings report, Ethan Allen identified labor shortages as one of the risk factors that could impact its performance in …
John Iasiello steps down as president of Riverside Furniture
Executive first joined the industry as a manager trainee for Levitz Furniture in 1980 HIGH POINT – Industry veteran John Iasiello has stepped down from …
