Financial & Business News

October 12, 2023

Canadian supplier buys former Klaussner foam plant

According to several local news reports, VPC Group has bought a foam plant and fabrication plant that were operated by Klaussner Furniture ...

tempur sealy headquarters 860x480
October 11, 2023

Tempur Sealy refinances $1.65B credit line through 13 lenders

Tempur Sealy International has refinanced its credit lines with 13 different lenders that includes a $1.15 billion revolving credit facility and...

October 9, 2023

Court orders Mitchell Gold + Bob Williams to liquidate; converts case to Ch. 7

The Mitchell Gold + Bob Williams bankruptcy case has been converted to Chapter 7, a liquidation under the U.S. Bankruptcy Code, a month after...

October 4, 2023

September job growth takes a major dip, says ADP report

September saw a major fall off in new private sector jobs, especially among large employers, according to ADP's monthly National Employment Report.

September 26, 2023

JCPenney filing offers a look at sales, profit and liquidity

Net income plummeted in both Q2 and for the 1st half, but the retailer remains in the black.

Big Lots is adding delivery options through a partnership with Shipt.
September 26, 2023

Big Lots’ furniture sales tumble below pre-Broyhill level

Furniture sales for the first half of the fiscal year fell back for the third year in a row at Big Lots.

September 18, 2023

Surya CEO envisions his company as the ‘Berkshire-Hathaway of the industry’

Surya, which recently acquired RST Brands, would like to work with companies that don’t have a succession plan and want a custodian to move the brand forward.

Flex Bedding Group, the owner of E.S. Kluft & Co, has acquired premium German mattress producer Schramm.
September 14, 2023

Surya acquisition expands its reach into outdoor furnishings category

Surya has completed the acquisition of RST Brands, an omnichannel outdoor furniture company based in Salt Lake City.