TITLE

Owner to sell stake in Distinctive Designs

AUTHOR(S)
Knell, Michael J.
PUB. DATE
July 2007
SOURCE
Furniture/Today;7/23/2007, Vol. 31 Issue 45, p94
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the sale of Consolidated Mercantile Inc.'s investment interest in upholstery manufacturer and importer Distinctive Designs Furniture. It could be noted that the company owned 50.3 percent of Distinctive Designs, selling fabric and leather upholstery. However, its sales were down by $30.2 million as of 2006. This could be accounted by the continually strengthening Canadian dollar, difficult retail environment and increased competition.
ACCESSION #
25907318

 

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