PeopLoungers seeks approval for stalking horse bidder

July 2007
Furniture/Today;7/23/2007, Vol. 31 Issue 45, p90
Trade Publication
The article reports on the request of PeopLoungers, an upholstery specialist to the U.S. Bankruptcy Court to approve Republic Financial Corp., as a following bidder for the company's sale in Nettleton, Mississippi. The company files a bankruptcy emphasizing that they owned an estimated of $5.7 million from its top 20 creditors. In response to the company's request, some interested bidder made some offer agreement with the company including Vic Etheridge and Morty Seaman, retailers of Rooms To Go.


Related Articles

  • PeopLoungers continues operations.  // Furniture/Today;8/27/2007, Vol. 31 Issue 50, p6 

    The article reports on the plan of PeopLoungers Inc., which is in Chapter 11 bankruptcy proceedings, to continue operating despite an effort by the Bank of New Albany to get the motion furniture producer to sell its assets in Nettleton, Mississippi. The company argued in federal bankruptcy court...

  • PeopLoungers in Ch. 11. Evans, Gary // Furniture/Today;5/21/2007, Vol. 31 Issue 36, p1 

    The article reports that motion furniture manufacturer PeopLoungers expects to emerge from Chapter 11 bankruptcy. A court has granted the company permission to obtain debtor-in-possession financing to continue production and shipping. The company filed for Chapter 11 bankruptcy in May 2007. It...

  • Corinthian bids to acquire assets of PeopLoungers. Engel, Clint; Gunin, Joan // Furniture/Today;7/16/2007, Vol. 31 Issue 44, p4 

    The article reports that upholstery maker Corinthian Inc. has bid to purchase the assets of motion specialist PeopLoungers Inc., which filed for Chapter 11 bankruptcy protection early in 2007. PeopLoungers has opted for what is called a 363 auction of its assets, which could generate additional...

  • PeopLoungers gets loan, will continue to cut costs. Evans, Gary // Furniture/Today;6/11/2007, Vol. 31 Issue 39, p2 

    The article reports that PeopLoungers Inc. has secured a $9.5 million in financing to support its restructuring and to continue its operations. The report says that PeopLoungers has secured its loan from Capital Business Credit LLC of New York. According to reports, PeopLoungers has filed for...

  • Leadership shines through. Engel, Clint // Furniture/Today;12/16/2002, Vol. 27 Issue 15, p1 

    Reports the outstanding leadership award given to executive Mickey Holliman and Retailer of the Year award to executive Jeff Seaman and Morty Seaman during the annual awards in the U.S. Presentation of tribute to Holliman; Contributions in improving the manufacturing processes in the furniture...

  • Etheridge, Mueller form Genesis Furniture LLC.  // Furniture/Today;4/21/2014, Vol. 38 Issue 33, p18 

    The article reports that Vic Etheridge of Corinthian Furniture and Tim Mueller of Genesis of upholstery segment, have collaborate to form Genesis Furniture LLC and mentions that Etheridge, is the sole owner of the new company and is providing financing and infrastructure for the project.

  • PeopLoungers plant to make stationary. Thomas, Larry // Furniture/Today;3/17/2003, Vol. 27 Issue 28, p4 

    Reports on upholstery maker PeopLoungers' acquisition of a factory in Mantachie, Mississippi to accommodate its growing business. Use of the site for all stationary upholstery production; Number of people to be hired to operate the plant.

  • PeopLoungers launching imported line. Thomas, Larry // Furniture/Today;4/1/2003, Vol. 27 Issue 30, p166 

    Reports on PeopLoungers' introduction of a line of imported wool and upholstered furniture that features the company's first fully assembled upholstery from China. Feature of all-leather stationary and motion sofas that coordinate with occasional tables.

  • PeopLounges scores with stationary intros. Evans, Gary // Furniture/Today;10/28/2002, Vol. 27 Issue 8, p24 

    Reports on the entry of motion furniture maker PeopLoungers Inc. into the stationary category in 2002. Designs; Price.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics