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Furniture Brands Files For Bankruptcy

Furniture Brands Files For Bankruptcy

Furniture Brands International filed for bankruptcy protection yesterday.  The “Post Dispatch” reports the Clayton-based company intends on selling the majority of its assets to investment firm Oaktree Capital Management, with the exception of its Lane portfolio.  As of now no layoff have been announced.  The company employs 235 people in the St. Louis area.

 

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