Tag Archives: Furniture Brands International

Deadline set for offers on Tupelo’s Lane Furniture plant

March 27, 2014

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  June 19 is the deadline that has been set for offers on bankrupt Furniture Brand’s 430,000 square-foot manufacturing/distribution facility and data center in Tupelo. Property disposition specialist Hilco Real Estate is marketing the Tupelo plant along with 16 Furniture Brands properties involved in the Furniture Brands International bankruptcy case. The portfolio of Thomasville and […]

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Furniture Brands deal with KPS includes Lane and expected rescue of 1,400 Tupelo jobs

October 3, 2013

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After weeks of back and forth with two prospective buyers, Furniture Brands International has entered into an asset purchase agreement with KPS Capital Partners LP that includes Lane Furniture, which employs 1,400 workers in Tupelo. The St. Louis Business Journal reported the announcement of today’s purchase agreement. Meanwhile, the Northeast Daily Journal reports that KPS […]

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Furniture Brands bankruptcy judge picks higher bid

October 3, 2013

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By Dennis Seid, Daily Journal A U.S. Bankruptcy Court tapped KPS Capital Partners as the stalking horse bidder for Furniture Brands International, which filed for Chapter 11 last month. KPS’ $280 million bid is $20 million higher than the one offered by Oaktree Capital Management, which had initially been favored by Furniture Brands to be […]

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