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Tag Archives: Lane Furniture

Deadline set for offers on Tupelo’s Lane Furniture plant

  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 Lane real estate ranges from ...

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Parent company shutting down trucking firm

TUPELO — Action Transport trucks have been moving Lane Furniture merchandise for more than 40 years. That ends tomorrow. Parent company Furniture Brands International is closing down Action. Anton Nicholas of ICR, a financial communications company representing Furniture Brands, tells the Northeast Mississippi Daily Journal that the company will now use Missoula, Mont.-based Watkins & Shepard Trucking. Nicholas says Furniture ...

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

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 Capital has offered to retain ...

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