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Taiwan-based company eyes Furniture Brands

2013-11-05 14:22:42| Furniture - Topix.net

On Nov. 1, Samson informed a financial adviser to Furniture Brands that it intends to submit a bit to acquire the company and its subsidiaries with terms that are "the same or better" as those made by Furniture Brands' current "stalking horse bidder," according to a regulatory filing.

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Layoffs on hold for 177 Furniture Brands workers in High Point

2013-10-31 21:03:23| Furniture - Topix.net

Plans by bankrupt St. Louis-based Furniture Brands International Inc. to begin laying off approximately 177 employees this month at a work site in High Point have been put on hold due to a switch in the lead bidder that plans to take over the company's assets.

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Furniture Brands aims to sell corporate jet for $2.6 million

2013-10-22 18:20:48| Furniture - Topix.net

Furniture Brands International is asking the bankruptcy court here to approve a $2.6 million sale of its Hawker 800XP corporate jet to Carolina Turbine Sales.

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Court caps Furniture Brands bonuses at $3.5 million

2013-10-12 00:46:32| Furniture - Topix.net

A U.S. Bankruptcy Court judge here approved a motion to pay bonuses to Furniture Brands International insiders, capping the total possible payments at $3.5 million.

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Judge requires Furniture Brands to set up utilities account

2013-10-08 21:53:54| Furniture - Topix.net

A U.S. Bankruptcy Court judge has ordered Furniture Brands International to deposit nearly $1 million in an interest-bearing bank account to cover its future expense obligations to utility companies.

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