WSJ: Furniture Brands Gets Court Nod for “Stalking Horse” Bid

The Wall Street Journal reported Furniture Brands entered into an asset purchase agreement with KPS Capital Partners L.P. to acquire the company’s assets for $280 million, including the company’s Lane business.

Judge Approves Furniture Brands Base Bid

The Winston-Salem Journal reported that U.S. Bankruptcy Judge Christopher Sontchi approved Wednesday the latest Furniture Brandsbid by KPS Capital Partners, according to officials from Cohen Tauber Spievack & Wagner P.C.

Furniture Today: Furniture Brands Closes 14 More Thomasville Stores

Furniture Today reported that Bankrupt Furniture Brands plans to close another 14 corporately owned Thomasville stores in the next 60 days, according an email sent to company personnel from the division’s president.