A Saltillo, Mississippi plant making Lane Furniture would close at the same time, meaning 480 jobs lost, though other plants in the Tupelo, Mississippi area would remain open, despite earlier plans to close all the plants. On January 21, 2014, Heritage announced the closing of Thomasville Furniture's operations in Thomasville, North Carolina, as of March 21, with 84 jobs cut.

Ira Glazer became Heritage president and CEO. Also announced at that time was the resignation of Furniture Brands chairman and CEO Ralph Scozzafava. KPS announced the name Heritage Home Group LLC for the new owner of 'substantially all of the assets' of Furniture Brands on November 25. On November 4, Samson Holding Ltd., the largest stockholder, announced its intention to bid but that bid never took place, and on November 22, a judge approved the KPS bid. On October 2, a judge approved a $280 million stalking horse offer by KPS Capital Partners. The company planned to sell all businesses other than Lane Furniture to a group managed by Oaktree Capital Management LP. On September 9, 2013, Furniture Brands International filed for Chapter 11 bankruptcy. It owned the brands Broyhill, Lane, Thomasville, and Drexel Heritage. I once found another set just like it in an antique store.Heritage Home Group LLC, formed to purchase most assets of the defunct Furniture Brands International, was a High Point, North Carolina-based home furnishings company. My Drexel Heritage pecan dining room set is 30 years old and looks great. We stuck with high end leather for seating so it would last. We go to garage sales and found a solid wood armoire for $350.Įven mid century modern stuff can be found in these places. Solid wood and can be made into a variety of styles. I got a hutch and a buffet out of solid burled walnut with birdseye maple interiors at an antique shop, got a waterfall bedroom set which I have just swapped for a huge wall of Ethan Allen maple room plan units for the bedroom for just $800.

Also check thrift and consignment stores as some sell great used furniture. Make them fit and remake them to be what you need.Īlso check your local for items being sold I have seen high end stuff that people are selling because they are moving. You will pay less and they will retain value. I always advise going to local auctions for wood antiques.

Drexel heritage furniture prices