TITLE

Universal pays $1.65M for Pa. House name

PUB. DATE
October 2007
SOURCE
Furniture/Today;10/22/2007, Vol. 32 Issue 7, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Universal Furniture Ltd. has completed its purchase of the Pennsylvania House Inc. name and related assets from La-Z-Boy Inc. for $1.65 million. According to La-Z-Boy it will take pre-tax charges of around $600,000 related to the trade name and another $3 million to $4 million for the inventory. Universal Chief Executive Officer Randy Chrisley says his company will reintroduce collections under the brand at the spring 2008 High Point Market.
ACCESSION #
27240505

 

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