TITLE

FBI to sell business division

PUB. DATE
October 2007
SOURCE
Furniture/Today;10/22/2007, Vol. 32 Issue 7, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Furniture Brands International Inc. plans to divest its business furniture operation HBF. To aid in the sale, the company has retained Wachovia Securities. Furniture Brands did not reveal the division's sales or its profit contribution. HBF President Charlie Bell claims a seasoned management team, a strong product line, and a dedication to quality make HBF well positioned to deliver continued solid financial results.
ACCESSION #
27240921

 

Related Articles

  • FBI sells contract unit to HNI for $75 million.  // Furniture/Today;3/31/2008, Vol. 32 Issue 30, p82 

    The article reports on the move of Furniture Brands International (FBI) Inc. to divest its Hickory Business Furniture company contract unit to HNI Corp for $75 million in the U.S. According to chief executive officer (CEO) at FBI Ralph Scozzafava, the move will lead to the steady strengthening...

  • Stolt mulls rights issue. Beacham, Will // European Chemical News;1/26/2004, Vol. 80 Issue 2084, p7 

    Deals with the rights issue and asset sales negotiated by Stolt-Nielsen SA as part of its financial restructuring, as of January 2004. Estimate on the value of the rights issue; Interest of investors in the chemical tankers of the company; Extension granted for the waivers of loan covenant...

  • Divestments. Dubin, Ronald N. // FE: The Magazine for Financial Executives;Nov1986, Vol. 2 Issue 11, p37 

    Provides some guidelines on how to sell a business division. Reasons for selling off profitable divisions; Impact of psychological damage on the parent corporation; Negotiations; Observation that one company's spin-off can be another company's golden opportunity; Examples of two companies...

  • News Headlines.  // MarketWatch: Global Round-up;June 2003, Vol. 2 Issue 6, p116 

    Presents global news update concerning the energy industries as of June 2003. Energy group, William's sale of its Texas Gas Transmission Corp. to Loews Pipeline Holding for a billion dollars; Trend among U.S. power groups of turning to hedge funds to provide their lending requirements; Aquila's...

  • Dow Divests Assets; Defends Rohm and Haas Purchase. Westervelt, Robert; Seewald, Nancy // Chemical Week;5/18/2009, Vol. 171 Issue 14, p6 

    The article reports on divestment deals made by Dow Chemical. The company has entered into an agreement to sell its 45% share in Total Raffinaderij Nederland, its partnership with Total, to Valero Energy for about $725 million. Dow Chemical expects to obtain more than $3 billion from its...

  • FBI gets financing, waiver.  // Furniture/Today;7/9/2007, Vol. 31 Issue 43, p46 

    The article reports on developments concerning Furniture Brands International. The company has obtained a $600 million revolving credit facility and has received a waiver on compliance with financial covenants on other debt. Furniture Brands plan to enter into a commitment letter with J.P....

  • Perry Ellis International Sells Fragrance Portfolio for $63M. Evans, Matthew W. // WWD: Women's Wear Daily;1/30/2007, Vol. 193 Issue 21, p16 

    The article deals with the decision of Perry Ellis International to sell its fragrance inventory and related assets to Falic Fashion Group LLC. Falic has also taken over the worldwide license to manufacture perfumes, fragrances, lotions, toiletries and cosmetics under the Perry Ellis brand....

  • FBI sales fall 17.6%. McIntosh, Jay // Furniture/Today;11/10/2008, Vol. 33 Issue 10, p1 

    The article reports on the financial performance of Furniture Brands International in the U.S. during the third quarter of 2008. The company yielded a 17.6% sales decline and huge loss of $41.7 million as it took restructuring charges aimed at positioning the company to address the weak sales...

  • Tilley out at Henredon. Russell, Thomas; Combs, Heath // Furniture/Today;7/21/2008, Vol. 32 Issue 45, p1 

    The article reports on the reorganization made by Furniture Brands International Inc. (FBI) to one of its brand, Henredon Furniture Industries Inc. in the U.S. FBI eliminated three executives including Tom Tilley, president of high-end case goods and upholstery resource, Dave Parker, vice...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics