In 1986, Drexel Heritage became a branch of Masco Corporation, which became one of the country's biggest furniture manufacturers by the late 1980s.Īs of September 2018, Broyhill Furniture has closed its doors. In 1977 Drexel Heritage was sold to investment bank Dominick International Corporation and retail sales increased drastically. Is Heritage Home Group still in business? 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.įurthermore, what happened to Drexel Heritage? It also has purchased the intellectual property of Broyhill, but has sold those assets to an unnamed U.S.-based retailer. 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. In major news for the American home furnishings industry, Furniture Today has reported that Heritage Home Group, parent company to such iconic brands as Henredon, Hickory Chair, Maitland-Smith, and Pearson, has filed for Chapter 11 bankruptcy.Īlso to know is, is Drexel Furniture still in business?
A “store closing” event took place in September among the 25 locations in 14 states.Heritage Home Group Files for Bankruptcy. A prominent asset realization firm, SB360 Capital Partners, has acquired Heritage Home Group and the remaining inventory of Thomasville & Co. You may also want to consider Ethan Allen and/or Thomasville for similar quality and pricing.Īs of September 2018, Broyhill Furniture has closed its doors. Note that various lines are at different price points. It is one of my favorites, particularly for upholstered goods. I have 4-5 pieces of Drexel furniture and overall have been happy with the quality and style. In major news for the American home furnishings industry, Furniture Today has reported that Heritage Home Group, parent company to such iconic brands as Henredon, Hickory Chair, Maitland-Smith, and Pearson, has filed for Chapter 11 bankruptcy.įurthermore, is Lane furniture still in business? In big news for the furniture industry, North Carolina–based Heritage Home Group, the parent company of Henredon, Hickory Chair, and Maitland-Smith, among a large stable of brands, has announced that it will sell off the Lane Furniture group from its portfolio. Heritage Home Group Files for Bankruptcy.
Moreover, is Drexel furniture out of business?
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