Breaking news: Klaussner ceases operations
ASHEBORO, N.C. — Because of what it has described as challenging and unexpected business conditions, Klaussner Home Furnishings said that the company and its subsidiaries …
Category: closings and consolidations
Creative Metal & Wood in Thomasville closes after nearly 70 years in business
Company cites extensive challenges during pandemic as reason for its demise THOMASVILLE, N.C. – After nearly 70 years in business, wood furniture and upholstery manufacturer …
Hooker Furnishings to exit Accentrics Home e-commerce division
Company also announces plan to reduce physical footprint of its Savannah, Georgia, warehouse in fiscal 2024 MARTINSVILLE, Va. — Hooker Furnishings Corp. announced Friday that …
Wickmans to close its doors after 67 years
Decision follows planned retirement of husband and wife team of Bernie and Maxwell Wickman AGOURA HILLS, Calif. — Retailer Wickmans Furniture is going out of …
Weekends Only begins going-out-of-business sales at 8 store locations
ST. LOUIS — Weekends Only Furniture & Mattress is beginning a going-out-of-business sale for all its store locations, the company said this week. The company …
Court names trustee in United Furniture Industries bankruptcy case
Appointment follows Jan. 18 conversion of case from a Chapter 7 to Chapter 11 ABERDEEN, Miss. — The United States Bankruptcy Court for the Northern …
Wayfair’s Niraj Shah shares insights on company restructuring effort
Moves to reduce headcounts will result in $750 million in annual cost savings BOSTON — In a statement to company associates, Niraj Shah, Wayfair’s CEO, …
Wells Fargo continues to seek independent trustee in United bankruptcy proceeding
Largest secured creditor cites examples of ‘gross mismanagement, lack of integrity and ongoing incompetence’ in how UFI has handled matters since its sudden Nov. 21 …
United Furniture Industries swings back into public view
Jan. 6 request to convert bankruptcy to Chapter 11 indicates rehired execs have worked behind the scenes to ‘maximize the company’s value for all stakeholders‘ …
United Furniture Industries Chapter 7 case could identify more key creditors
Bankruptcy court will hold hearing Friday to appoint trustee in involuntary filing TUPELO, Miss. — Today’s anticipated hearing to appoint a trustee in the involuntary …
