That’s good news, considering the many reports suggesting Furniture Brands’ impending demise.
But the company did hire a team of restructuring attorneys and advisers this week. Retailers remain hopeful the brands, if not the company itself, can carry on.
From the Furniture Today report:
No one contacted by Furniture/Today this week has reported any major blips in service recently from Thomasville, Drexel Heritage, Lane or the other brands owned by the troubled furniture conglomerate, and most say these names have a value that will carry on with or without the parent.
But that’s not to suggest there isn’t a sense of concern and anxiety thanks to the uncertainty surrounding Furniture Brands and the influx of media reports and analysts’ comments suggesting an inevitable bankruptcy filing.
“As far as we’re concerned, we’re confident in the brand. It will have life after Furniture Brands – at least that’s what we’re hopeful for,” said Edward Massood, president of the five-store Thomasville Home Furnishings of New Jersey