TITLE

Statten shutting down

AUTHOR(S)
Combs, Heath E.
PUB. DATE
October 2008
SOURCE
Furniture/Today;10/6/2008, Vol. 33 Issue 6, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the closure of the Statton Furniture Manufacturing Co. after 82 years of existence. According to president T. Hunt Hardinge III, the company is starting to liquidate its assets to avoid the situation of filing for bankruptcy protection. The said closure was due to lesser sales and demands for their products, pressure from imports, loss of some retail customers, and unhealthy economy caused by the financial crisis.
ACCESSION #
34678902

 

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