{"id":5058,"date":"2014-10-19T08:07:24","date_gmt":"2014-10-19T02:37:24","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2014\/10\/19\/furniture-brands-to-sell-hickory-unit\/"},"modified":"2014-10-19T08:07:24","modified_gmt":"2014-10-19T02:37:24","slug":"furniture-brands-to-sell-hickory-unit","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/furniture-brands-to-sell-hickory-unit\/","title":{"rendered":"Furniture Brands to sell Hickory unit"},"content":{"rendered":"<p>Furniture Brands International Inc. will sell its HBF business-furniture brand and sharpen its focus on residential furniture.<\/p>\n<p>St. Louis-based Furniture Brands (NYSE:FBN &#8211; News) has not yet identified a buyer for the unit and has hired Wachovia Securities to assist in the divestment, according to Ralph Scozzafava, chief executive.<br \/>\n                        <!--adsense--><br \/>\n\t\t <!--more--><br \/>\nADVERTISEMENT<\/p>\n<p>HBF, formerly known as Hickory Business Furniture, and HBF Textiles have 300 employees at a factory in Hickory.<\/p>\n<p>Furniture Brands is the parent company of several N.C. furniture brands, including Thomasville and Broyhill.<\/p>\n<p>&#8220;The decision to divest HBF puts our focus solely on residential furnishings, which is our heritage and core strength,&#8221; Scozzafava says.<\/p>\n<p>Charlie Bell, HBF president, says the unit&#8217;s performance has been strong.<\/p>\n<p>&#8220;An experienced management team, a strong product pipeline and a commitment to quality make HBF well-positioned to deliver continued solid financial results,&#8221; Bell says.<\/p>\n<p>Published October 17, 2014 by the Charlotte Business Journal<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Furniture Brands International Inc. will sell its HBF business-furniture brand and sharpen its focus on residential furniture. St. Louis-based Furniture Brands (NYSE:FBN &#8211; News) has not yet identified a buyer for the unit and has hired Wachovia Securities to assist in the divestment, according to Ralph Scozzafava, chief executive.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5058","post","type-post","status-publish","format-standard","hentry","category-furniture-indonesia-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/5058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=5058"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/5058\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=5058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=5058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=5058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}