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Tag Archives: St. Louis Business Journal

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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