The Winston-Salem Journal in North Carolina reports that Heritage Home Group is shutting down it’s last two Thomasville furniture facilities. About 80 people will be laid off.
The move was expected, according to the story.
Heritage Home Group is what emerged after KPS Capital Partners bought most of the assets of what was Furniture Brands International in a bankruptcy auction late last year.
KPS placed all the brands of the defunct company under the newly renamed Heritage Home Group. The brands include Lane, Broyhill, Thomasville, Drexel Heritage, Maitland-Smith, Pearson, Henredon, LaneVenture. Labarge and Hickory Chair.
Lane employed about 1,400 workers across Northeast Mississippi prior to Furniture Brands’ Sept. 9 Chapter 11 bankruptcy filing. It’s not known how many it still employs. HHG officials have not returned phone calls or emails seeking additional information.
According to the Winston-Salem Journal:
A Thomasville employee said today that employees “have very much been expecting this and (we) made it a lot longer than we had figured. Many are relieved because the conditions have got so bad in here with inventory and supplies that we can’t complete orders.”
(Heritage Home CEO Ira) Glazer said in a separate memo sent to all Heritage employees Monday that the company was creating a new merchandising group that would have “the best assortment of products across all our brands to satisfy the needs of our core consumers.”
Glazer said in the Monday memo the job cuts “are unfortunately a necessary element of our on-going efforts to create a highly competitive organizational structure. That said, we are proud that the many jobs saved by the formation of Heritage Home and the acquisition of our brands far exceeds the number that are being let go.”