A “store closing” event took place in September among the 25 locations in 14 states. A prominent asset realization firm, SB360 Capital Partners, has acquired Heritage Home Group and the remaining inventory of Thomasville & Co. In 1986, Drexel Heritage became a branch of Masco Corporation, which became one of the country's biggest furniture manufacturers by the late 1980s.Īs of September 2018, Broyhill Furniture has closed its doors. In 1977 Drexel Heritage was sold to investment bank Dominick International Corporation and retail sales increased drastically. Secondly, is Heritage Home Group still in business? Heritage Home Group LLC, formed to purchase most assets of the defunct Furniture Brands International, was a High Point, North Carolina-based home furnishings company.Ĭonsidering this, what happened to Drexel Heritage? It also has purchased the intellectual property of Broyhill, but has sold those assets to an unnamed U.S.-based retailer. Today, Drexel Heritage Furniture Industries, Inc is one of the leading furniture. was based in High Point and employed 1,300 workers across the state. In 1994, Drexel Heritage maintained ten factories in North Carolina and one in South Carolina. State Department, and government agencies across the globe. Drexel maintained partnerships with various hotels, the U.S. NEW YORK – Authentic Brands Group announced Tuesday that it has completed the purchase of the Thomasville, Henredon and Drexel Brands from Heritage Home Group LLC. For many decades Drexel manufactured and sold furniture in the U.S. Keeping this in view, is Drexel Furniture still in business? In major news for the American home furnishings industry, Furniture Today has reported that Heritage Home Group, parent company to such iconic brands as Henredon, Hickory Chair, Maitland-Smith, and Pearson, has filed for Chapter 11 bankruptcy. A subsidiary since 1986 of Masco Corp. has been producing furniture for almost a century. Heritage Home Group Files for Bankruptcy. Based in the foothills of North Carolinas Blue Ridge Mountains, Drexel Heritage Furnishings Inc.
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