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United Furniture Industries Inc. signed an agreement to buy Lane Company by the end of 2017. [14] Heritage sold Lane Ventures to Bassett Furniture Industries for $15.1 million in December 2017. [15] Heritage announced the formation of the three business units. Harvey Dondale would be president of Broyhill, a position he held from 2005 to 2007.
Interco became Furniture Brands International on March 1, 1996. [3] That same year, Mickey Holliman of the Action Industries subsidiary succeeded Loynd as president. Holliman had made his company into the leader in the motion furniture segment. His strategy of focusing on furniture proved successful, and by 1999 Furniture Brands International ...
A recliner Recliner aboard a business jet. A recliner is an armchair or sofa that reclines when the occupant lowers the chair's back and raises its front. [1] [2] It has a backrest that can be tilted back, and often a footrest that may be extended by means of a lever on the side of the chair, or may extend automatically when the back is reclined.
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