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Broyhill, Thomasville Furniture Lines Garner Interest From Schottenstein Affiliate

Submitted by jhartgen@abi.org on

A liquidation business with ties to the family that owns the Value City Furniture and American Signature Furniture chains said it is interested in buying the Thomasville and Broyhill brands from bankrupt manufacturer Heritage Home Group LLC, WSJ Pro Bankruptcy reported. Last month, Heritage Home filed for chapter 11 with plans to sell its stable of furniture brands to help it pay down $280 million in debt. It already had a $17.4 million offer in hand for its luxury line, which includes the Hickory Chair and Pearson brands, but it hadn’t received a firm offer for the nonluxury brands, Thomasville and Broyhill, the company said in a court hearing last month.

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