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Also sold was the Sam Moore division, in February 2007 to Hooker Furniture. La-Z-Boy was still number three, with $1.5 billion in shipments. [11] In November 2006, High Point offered $600,000 to the La-Z-Boy division that was formerly LADD to move its headquarters back. [12] Late in 2006, La-Z-Boy had 7,000 employees, down from 13,000 six years ...
The design was the same wooden bench recliner found in other designs. Issued in 1928, the patent led to the founding of La-Z-Boy. In 1930, Knabush and Shoemaker patented an upholstered model with a mechanical movement. [5] In 1959, Daniel F. Caldemeyer patented a recliner as owner of National Furniture Mfg. Co based in Evansville, Indiana. [6]
[1] [2] Riding a recliner which he had earlier fitted with a lawnmower engine, he crashed into a car after leaving a local bar, where he had consumed a number of beers. He was convicted and the chair was confiscated by the police, who auctioned it off on Do-Bid.com for $3,700. Though widely reported to be a La-Z-Boy, the chair was unbranded. [3]
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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]
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