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Furniture store American Freight is set to close all of its 328 locations in dozens of states as a part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group Inc.
American Freight; a chain of discount furniture and home furnishing stores that was acquired in February 2020 [7] Buddy's Home Furnishings; offers home furniture including sofas, chairs, dining tables, as well as electronics, and appliances. Buddy's Home Furnishings serves clients in the United States. [23]
The company was acquired by Franchise Group for US$450M [3] on February 14, 2020, and combined with the former Sears Outlets under the brand American Freight Furniture, Mattress, Appliance. [ 23 ] On November 2, 2024, Franchise Group announced that they were preparing to file for Chapter 11 bankruptcy after months of losses and turmoil caused ...
In December 2023, Conn's acquired Badcock Home Furniture & More from the Franchise Group, bringing the overall store count to around 500 stores from both brands. [ 5 ] In July 2024, Conn's warned that it may file for Chapter 11 bankruptcy protection within the coming weeks, blaming inflation, and a decline in sales as part of the decision.
RC Willey Home Furnishings (RC Willey) is an American home furnishings company in Utah, Idaho, Nevada and California. [1] It was founded in 1932 by Rufus Call Willey in Syracuse, Utah , RC. He began selling Hotpoint -brand appliances door-to-door out of the back of his pickup truck.
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A bankruptcy filing on December 12, 2014, showed United Furniture Industries won the bidding for the 475,000-square-foot Lane Furniture plant in Tupelo. [ 10 ] In April 2015, the company began $2.7 million in improvements on a 70,000-square-foot showroom built in the 1990s for Drexel-Heritage, and later used by Henredon, Maitland-Smith and La ...