Is Broyhill furniture owned by Big Lots?
COLUMBUS, Ohio — Top 100 discount retailer Big Lots has acquired the rights to the Broyhill name and its related trademarks after being the runner-up bidder on Broyhill and other assets of the bankrupt Heritage Home Group this past fall.
What company owns Broyhill furniture?
Broyhill Furniture Industries, Inc., as a subsidiary of Interco’s latest incarnation, Furniture Brands International, remains one of the world’s largest manufacturers of medium-priced furniture.
Does Broyhill use real leather?
Genuine leather upholstery adds a sleek touch, while the cushions are filled with foam and supported by sinuous springs to prevent sagging over time. Plus, the seats recline for maximum relaxation. We love how the round arms and cushion back complement its traditional silhouette.
When did Broyhill furniture go out of business?
As of September 2018, Broyhill Furniture has closed its doors. A prominent asset realization firm, SB360 Capital Partners, has acquired Heritage Home Group and the remaining inventory of Thomasville & Co. and Broyhill.
Is Broyhill the same as Thomasville?
Last October, Authentic Brands Group was the winning bidder for the Broyhill, Drexel, Henredon, Thomasville brands at $38.5 million. Soon after, it sold the Broyhill rights to an unnamed U.S. retailer, reported Furniture Today.
Where does Broyhill furniture come from?
The company got its start making chairs in North Carolina in the 1920s, and grew steadily under the hand of its founder, who had first entered the furniture business under the eye of his older brother, and who involved many members of his family in the business as it flourished.
How much did Big Lots buy Broyhill for?
$38 million
Big Lots had bid $38 million at auction for the brands that Authentic Brands bought. The purchase of the Broyhill brand lines up with Big Lots’ long-term goals, said Jerry Epperson, a leading furniture expert and managing director of the investment banking firm Mann, Armistead and Epperson Ltd.