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Furniture Today 04/06/2020 13:53
CORTE MADERA, Calif. — RH has cut its work force by 440 people and furloughed 2,300 employees, citing “lack of clarity” about when it will be safe to reopen as it enters a fourth week of store and restaurant closures. The Top 100 company also is implementing temporary salary reductions, ranging from 10% for “leaders” […]. .
Furniture Today 04/06/2020 11:50
WILMINGTON, Del. — Art Van Furniture has asked the bankruptcy court here to convert its case to Chapter 7 liquidation, suggesting the coronavirus pandemic destroyed any chance of resuming a wind down under Chapter 11 of the bankruptcy code. In a court filing, the Warren, Mich.-based Top 100 company, acquired by private equity firm Thomas […]. .
Furniture Today 04/06/2020 09:00
ALEXANDRIA, Va. – The North American members of the International Sleep Products Assn. “have the capacity, materials and workforce to meet America’s needs,” ISPA says. ISPA President Ryan Trainer released that “important message” to healthcare providers, policymakers and the public in a statement late last week. “With plants in all major metropolitan areas and in […]. .

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