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BOSTON – Boston-based asset disposition and advisory firm SB360 Capital Partners has been selected as the exclusive agent for the disposition of finished goods, work-in-process inventory and raw materials for the now defunct Klaussner Furniture.
Klaussner abruptly shut down all operations in August, leaving nearly 900 employees out of a job.
SB360 has extensive experience selling off furniture inventory, having handled dispositions for United Furniture/Lane, Thomasville, Henredon, Drexel, Broyhill, Art Van and Loves Furniture.
“Klaussner’s products are sold by major retailers and furniture dealers across the country,” said Aaron Miller, president of SB360 Capital Partners. “This is an opportunity for those retailers to expand their in-stock Klaussner offering and provide customers with a value proposition that will be meaningful as we head into the holiday season.”
SB360 says it will negotiate sales with Klaussner’s existing customers, as well as other national and regional furniture retailers and wholesale distributors. Interested parties can email info@klaussnerliquidation.com.
Klaussner announced Aug. 7 that it was ceasing operations because its lender would no longer fund the company. Since then, several furniture companies have picked up items formerly owned by Klaussner. Parker House bought the company’s Vietnam office, Canadian foam and fiber manufacturer VPC Group bought a foam plant, and Legacy Classic acquired the Trisha Yearwood license.
