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Tag Archives: Furniture Industry

Peoploungers chief to serve sentence in Ark.

TUPELO — Peoploungers’ disgraced former chief Jimmy Green will serve his 51-month prison sentence for fraud and money laundering at an Arkansas federal prison. WTVA-TV in Tupelo reports Green was ordered on Tuesday to report to the prison in Forrest City, Ark., on Jan. 11. Green pleaded guilty to bank fraud, mail fraud and money laundering. He also was ordered ...

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Peoploungers chief disputes amount of scheme

TUPELO, Miss. (AP) – Peoploungers’ disgraced former chief claims his criminal acts were brought on by desperation after global business pressures sunk him and the furniture company into bankruptcy. Jimmy Green pleaded guilty to bank fraud, mail fraud and money laundering in April over his personal financial dealings. Nettleton-based Peoploungers filed for Chapter 11 bankruptcy protection in 2007. Green admitted ...

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Lane Furniture expanding, adding jobs

LEE COUNTY — Lane Furniture Industries is expanding two of its Lee County locations to accommodate an increase in production. The cost of the project was not disclosed. The expansion is creating a total of 186 new jobs, bringing the total number of Lane employees in Lee County to 2,051. Eighty-five of the jobs created through the expansion are already ...

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Making a comeback?

Industry adding jobs during recession The last few years have not been the best of times for Mississippi’s furniture manufacturing industry. Global competition, the housing crisis and recession/slipping consumer confidence are just a few of the challenges furniture-makers have faced. However, it looks as if the industry is making something of a comeback. Last year when other sectors were shedding ...

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