Archive | Furniture Brands International

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Heritage Home Group closing Drexel Heritage plant

Heritage Home Group is closing another plant, the Winston-Salem (N.C.) Journal reports.  According to the newspaper, the Drexel Heritage plant in Morganton, N.C.,  will close by July 31, resulting in the layoff of 87 workers. The announcement, made Friday, follows HHG’s closure in March of its Lane Furniture plant in Saltillo, which resulted in nearly 500 […]

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Posted in Employment and jobs, Furniture, Furniture Brands International, Heritage Home Group, Manufacturing, National, Northeast Mississippi, Saltillo, Tupelo, Unemployment0 Comments

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Furniture Brands reaches pension settlement

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. The company filed for Chapter 11 bankruptcy protection […]

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Posted in Furniture, Furniture Brands International, Manufacturing, National, Northeast Mississippi, Saltillo, Tupelo3 Comments

Heritage Home Group closing another furniture plant

Heritage Home Group, the parent company of Lane, Broyhill, Thomasville,Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and La Barge brands, is closing the Pearson plant in High Point, N.C., according to the Lenoir News-Topic.  The closure, to be completed by August, will put 86 people out of work. Heritage Home, which took over the […]

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Posted in Business news, Furniture, Furniture Brands International, Heritage Home Group, Manufacturing, National, Saltillo, Unemployment4 Comments

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Lane Furniture’s Verona facility up for auction

Heritage Home Group, the umbrella company that was once Furniture Brands International, has put 17 properties up for auction, including Lane Furniture’s Verona facility.  According to Furniture Today, Hilco Real Estate announced a June 19 deadline for the various properties, which include former manufacturing plants, warehouse and distribution centers and office and administrative buildings in […]

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Posted in Business news, Furniture, Furniture Brands International, Manufacturing, National, Northeast Mississippi, Tupelo0 Comments

Hopeful laid-off Lane employees attend job fair

Last month, the parent company of Lane Furniture Industries stunned the employees at Lane’s Saltillo plant, announcing it would be closed by March 21. Heritage Home Group said “business circumstances” forced it to make the decision. The decision meant 480 people would be laid off.  Many of them are looking for jobs, and on Wednesday, a job […]

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Posted in Business news, Employment and jobs, Furniture Brands International, Job info, Northeast Mississippi, Saltillo, Tupelo, Unemployment, Workplace issues1 Comment

Heritage Home Group names VP of designer brand sales

Formerly known as Furniture Brands International,  Heritage Home Group LLC, today named Gary McCray its Senior Vice President of Designer Brand Sales, a new position. McCray previously was president of Lane Venture, the company’s outdoor furniture brand.   Furniture Brands recently emerged from bankruptcy with a new owner in KPS Capital Parnters, which quickly moved to […]

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Posted in Business news, Furniture Brands International, Manufacturing, National, Northeast Mississippi1 Comment

Former Furniture Brands execs want access to liability insurance

Former Furniture Brands International president and CEO Ralph Scozzafava and the company’s former CFO Vance Johnston are asking the U.S. Bankruptcy Court of the District of Delaware have asked to have access to a $15 million insurance policy that would help pay for potential lawsuits. Scozzafava and Johnston, who left the company on Nov. 25 […]

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Posted in Business news, Furniture, Furniture Brands International, Manufacturing, National, Northeast Mississippi, Tupelo3 Comments

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