Henredon Furniture. Since then, I also have visited several furniture trade shows and manufacturing plants in Asia, which has helped me gain perspective about the industry in that part of the world. [2] In 2007, Furniture Brands announced that Thomasville and Drexel Heritage would increase the number of company-owned stores for their products, but that Broyhill and Lane would close their St. Louis-area stores and focus on selling through furniture stores that sold other brands. Apollo Investment Fund, Ltd., led by Drexel Burnham Lambert's Leon Black, took a controlling interest in the reorganized Interco, which emerged from bankruptcy in August 1992. Also announced at that time was the resignation of Furniture Brands chairman and CEO Ralph Scozzafava. Henredon furniture ad 1966 orig vintage print ad 1960s decor home mid-century. Categories : Bedroom Furniture, Dressers and Chests, Henredon. NEW YORK – Authentic Brands Group announced Tuesday that it has completed the purchase of the Thomasville, Henredon and Drexel Brands from Heritage Home Group LLC. International Shoe Company became Interco Inc. on March 1, 1966. [8] Interco also took over Broyhill Furniture, a North Carolina company that was the world's largest privately owned furniture maker. Manufacturer of furniture intended to offer home decor products in High Point, North Carolina. For the Supreme Court ruling on personal jurisdiction, see, named for Paul Parrot, who had a parrot in his shoe store, Norine Albers, "Hannibal. [10], Armstrong World Industries sold Thomasville Furniture Industries to Interco in November 1995 in a $331 million deal. Associated Press. Under Chambers plants started closing and some shoes were imported from such places as Italy. [17] Also that year, Henredon moved its headquarters to one of its High Point plants that year, and Drexel Heritage moved in with Thomasville Furniture. 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"International Hat Company Sold to Interco", Rhonda Stansberry, "St. Louis Exhibition Profiles Footwear From Heel to Toe,", "Furniture Brands Plans New Headquarters Near St. Louis,", "National Register of Historic Places Inventory Nomination Form: Peters Shoe Company Building", "Furniture Brands International, Inc. -- Company History", "Interco/Furniture Brands International Securities", "Nathan Ancell; Co-Founded Furniture Firm", "Interco Debt Pact Includes Conversion of Bonds to Stock", "Furniture Brands International Announces Proposed Acquisition of Henredon, Drexel Heritage, and Maitland-Smith From Lifestyle Furnishings International", "HDM Furniture Industries Announces Manufacturing Realignment at Henredon and Drexel Heritage", "Furniture Brands International Announces Consolidation of Operations at Henredon, Drexel Heritage and Maitland-Smith", "Furniture Brands International Announces the Closing of Eight Broyhill and Lane Stores", "Furniture Brands International Reaches Agreement for Sale of Hickory Business Furniture", "Furniture Brands to separate Henredon and Drexel Heritage headquarters", "Furniture Brands closes High Point plant with 300 jobs", "Furniture Brands Transitions to Operating Company Model, Moves to New World Headquarters", "Furniture Brands Expands Presence at Las Vegas Market", "FBI Consolidates Designer Brand High Point Showrooms", "Red ink is a constant at beleaguered Furniture Brands", "Furniture Brands files for Chapter 11 bankruptcy", "Furniture Brands' top stakeholder to enter bid for bankrupt manufacturer", "Furniture Brands to get new name, new top exec", "New owner replaces two more executives at former Furniture Brands", "KPS Capital Partners Announces Formation of Heritage Home Group, LLC", "Furniture Brands winds down as new firm takes over its brands", https://en.wikipedia.org/w/index.php?title=Furniture_Brands_International&oldid=1003640509, Manufacturing companies established in 1911, Manufacturing companies disestablished in 2013, Manufacturing companies based in Missouri, Articles with dead external links from January 2017, Articles with permanently dead external links, Articles lacking reliable references from October 2020, Articles with unsourced statements from June 2015, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 January 2021, at 23:35. googletag2.cmd = googletag2.cmd || []; Use of this website is subject to its Terms of Use | Privacy Policy | Your California Privacy Rights/Privacy Policy | Do Not Sell My Info/Cookie Policy. [11], Interco became Furniture Brands International on March 1, 1996. Pre-Owned. [33] Heritage Home Group was considered a subsidiary of FBI Wind Down. Frank Rand took over as president. Furniture Brands:Retirement Plan for Employees of Henredon, Drexel Heritage and Maitland-Smith. The sale, intended as a solution to this problem, resulted in a Federal Trade Commission challenge under the Clayton Antitrust Act. Beautiful traditional styles, high end materials, and swanky designer lines make Henredon Furniture a great choice for any home. [23][24], In 2009, Thomasville, Drexel Heritage, Henredon, and Maitland-Smith made their debut at the Las Vegas Furniture Market, where Broyhill and Lane had been exhibiting since 2005. “We look forward to leveraging their strengths with our operational expertise to drive the growth of the Heritage Home brands.”, ABG said that it plans to announce new operating partners to build on the strong foundation of the brands and “continue the brands’ furniture legacy.”. Henredon furniture is well known as a global leader in the luxury furniture market. From United States. [2], International Shoe Company incorporated in Delaware March 16, 1921. Frank Rand's sons Edgar E. Rand and Henry Hale Rand both served as president, but the company began a period of diversification due to the influence of Maurice R. Chambers even before he became president in 1962. There is a top shelf across the whole inside of armoire.The middle shelf is perfect to accommodate a tv or to hold your favorite books. There are cut outs in the back panel for wire management. googletag2.pubads().enableSingleRequest(); By clicking “Accept”, you consent to the use of ALL the cookies. The initial product line consisted of just three chests. Thomasville and Morganton locations were also sold. Founded in 1945, Henredon is one of the more recently minted of the top-tier North Carolina furniture makers. It is mandatory to procure user consent prior to running these cookies on your website. Frank Rand led International Shoe through a time of major growth and through the difficulties created by the Great Depression. NEW YORK – Authentic Brands Group announced Tuesday that it has completed the purchase of the Thomasville, Henredon and Drexel Brands from Heritage Home Group LLC. Shop our impressive selection of the beautiful and well-built Henredon furniture collection! googletag2.cmd.push(function() { The Henredon products and collections comprise a truly comprehensive range of furnishings, ranging in style from authentic classical design to the latest modern designs. The company planned to sell all businesses other than Lane Furniture to a group managed by Oaktree Capital Management LP. In 1988, Steven M. Rales and his brother Mitchell led a group that offered $2.47 billion, but that bid ran into trouble when the SEC charged Drexel Burnham Lambert with insider trading, making financing of the bid more difficult. It also has purchased the intellectual property of Broyhill, but has sold those assets to an unnamed U.S.-based retailer. Some of the brands it owned in the furniture industry included Broyhill, Thomasville, Drexel Heritage, Henredon, Hickory Chair, Pearson, Laneventure, and Maitland-Smith. Heritage Home Group LLC, formed to purchase most assets of the defunct Furniture Brands International, was a High Point, North Carolina-based home furnishings company.It owned the brands Broyhill, Lane, Thomasville, and Drexel Heritage. [36], FBI Wind Down sold four more Furniture Brands properties to 21 BC LLC in 2015. But Interco could not make enough money by selling its unprofitable operations;[2] For example, selling Ethan Allen brought in $388 million rather than the expected $550 million. Interco had three major divisions—apparel, footwear, and retailing. Who wouldn’t love Henredon? [14][15], Despite a decline in the industry as a whole, Furniture Brands continued to be successful and expanded into retail. To procure user consent prior to running these cookies add to any bedroom or room... For the website its operations except Broyhill, but has sold those assets to an unnamed retailer... 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