Heritage Home Group
| Private | |
| Industry | Home Furnishings |
| Headquarters | High Point, North Carolina |
|
Key people
|
Pierre de Villeméjane, President and CEO |
| Products |
Furniture Home Accessories |
| Revenue |
 $1.743 billion (2008) |
| Website | heritagehome.com |
Heritage Home Group LLC, formed to purchase most assets of the defunct Furniture Brands International, is a High Point, North Carolina-based home furnishings company. It owns the brands Broyhill, Lane, Thomasville, and Drexel Heritage.
On September 9, 2013, Furniture Brands International filed for Chapter 11 bankruptcy. The company planned to sell all businesses other than Lane Furniture to a group managed by Oaktree Capital Management LP. On October 2, a judge approved a $280 million stalking horse offer by KPS Capital Partners. On November 4, Samson Holding Ltd., the largest stockholder, announced its intention to bid but that bid never took place, and on November 22, a judge approved the KPS bid. KPS announced the name Heritage Home Group LLC for the new owner of "substantially all of the assets" of Furniture Brands on November 25. Also announced at that time was the resignation of Furniture Brands chairman and CEO Ralph Scozzafava. Ira Glazer became Heritage president and CEO.
On January 21, 2014, Heritage announced the closing of Thomasville Furniture's operations in Thomasville, North Carolina, as of March 21, with 84 jobs cut. A Saltillo, Mississippi plant making Lane Furniture would close at the same time, meaning 480 jobs lost, though other plants in the Tupelo, Mississippi area would remain open, despite earlier plans to close all the plants.
In March 2014 Heritage said the Pearson Company plant in High Point, started by the Pearson family in 1942, was closing by August, affecting 86 employees.
Late in April 2014, Heritage announced it would close its Clayton headquarters June 25. The most likely location for the new headquarters was High Point, North Carolina. The company also said the Ballwin, Missouri office would close by the end of 2014.
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Wikipedia