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In 1998, Goedeker’s opened an additional showroom location in a 50,000 sq. ft. building. They also added furniture and mattresses to their product line. Business began to decline in 2001, and they were forced to close their 22,000 sq. ft. showroom location. [4]
Late in 2001, Masco announced Furniture Brands International would buy Henredon, Drexel Heritage and Maitland-Smith for $275 million, in a deal expected to return Furniture Brands to the number one U.S. furniture manufacturer, a title lost to La-Z-Boy when that company bought LADD in 2000. [13]
Need to publish & add gallery 71494809007. Demolition is underway at the 930,000-square-foot former North American headquarters of BASF Corp. in Mount Olive, almost 20 years after the company ...
Liquidation sales began on November 5, with stores closing by the end of the year. [25] However, in January 2025, a U.S. bankruptcy judge approved the sale of up to 28 American Freight stores and one distribution center to AF Newco I LLC. 2 additional locations were also included in the sale, but were eventually withheld due to possible state ...
Nov. 24—RANDOLPH COUNTY — The various raw materials and remaining equipment and other tangible property of Klaussner Furniture Industries Inc. cost the company nearly $19 million but are ...
In October 2008, Levitz Furniture, with bankruptcy court approval, converted its Chapter 11 case to Chapter 7, and started liquidation sales. [7] The company was sold in bankruptcy to a group of bidders, led by Hilco Merchant Resources, [3] that acted to rapidly liquidate its inventory and close all remaining stores. [6]