NEW YORK – Authentic Brands Group announced Tuesday that it has completed the purchase of the Thomasville, Henredon and Drexel Brands from Heritage Home Group LLC. It also has purchased the intellectual property of Broyhill, but has sold those assets to an unnamed U.S.-based retailer.Click to see full answer. Regarding this, is Drexel furniture out of business?Heritage Home Group Files for Bankruptcy. In major news for the American home furnishings industry, Furniture Today has reported that Heritage Home Group, parent company to such iconic brands as Henredon, Hickory Chair, Maitland-Smith, and Pearson, has filed for Chapter 11 bankruptcy.Additionally, is Lane furniture still in business? In big news for the furniture industry, North Carolina–based Heritage Home Group, the parent company of Henredon, Hickory Chair, and Maitland-Smith, among a large stable of brands, has announced that it will sell off the Lane Furniture group from its portfolio. Similarly, you may ask, is Drexel Furniture good quality? I have 4-5 pieces of Drexel furniture and overall have been happy with the quality and style. It is one of my favorites, particularly for upholstered goods. Note that various lines are at different price points. You may also want to consider Ethan Allen and/or Thomasville for similar quality and pricing.Is Broyhill furniture still in business?As of September 2018, Broyhill Furniture has closed its doors. A prominent asset realization firm, SB360 Capital Partners, has acquired Heritage Home Group and the remaining inventory of Thomasville & Co. and Broyhill. A “store closing” event took place in September among the 25 locations in 14 states.
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