Corsicana update: $145M in debt, slump in business led to Chapter 11 bankruptcy
Declaration spells out key financial challenges that have hurt the mattress manufacturer DALLAS — The burden of more than $145 million in funded debt combined …
Tag: Home News Now
Corsicana Mattress Company files for Chapter 11 bankruptcy
DALLAS — Corsicana Mattress Company and various affiliated entities filed for voluntary Chapter 11 bankruptcy protection Saturday as part of a plan to restructure and …
Legends Furniture adds 9 new hires across its operations
TOLLESON, Ariz. —Case goods and mattress manufacturer Legends Furniture has added nine new professionals to its team, three of whom are replacing retiring team members, …
Is there a silver lining to interest rate hike?
Now may be the opportune time for the industry to take an aggressive marketing approach Last week’s announcement of the largest interest rate hike by …
Furniture Manufacturing Expo set for July 20-21 in Hickory, North Carolina
HICKORY, N.C. – The fifth edition of the Furniture Manufacturing Expo will be held here from July 20-21, promising to be the biggest event yet …
Jury awards Raffel Systems $106.8M for Man Wah’s alleged stealing of intellectual property
Cap on punitive damages may place actual award at just over $11 million GERMANTOWN, Wisc. — A federal jury has awarded Germantown-based Raffel Systems nearly $107 …
G.I. Jobs names Todd Wanek among 2022 Veteran Champions of the Year in Corporate America
ARCADIA, Wis. – G.I. Jobs recently announced the 2022 Veteran Champions of the Year in Corporate America honorees, including Todd Wanek, President and CEO of Ashley …
Legislation aims to curb China’s use of forced labor
Effective this month, the Uyghur Forced Labor Prevention Act will monitor goods made in the Xinjiang Uyghur Autonomous Region CHARLOTTE, N.C. — A recent alert …
North Carolina resumes Go Global Road Show events this summer
Pandemic-related travel restrictions kept international trade reps from participating the past 2 years RALEIGH, N.C. — After a nearly three-year pandemic-induced hiatus, the North Carolina …
Costs mount for Stanley Furniture deferred compensation plan
Company owes nearly $900K to former execs who had part of their pay deferred for retirement HIGH POINT — The amount that Stanley Furniture owes …
