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Fingerhut was founded in 1948 by William Fingerhut and his brother Manny, selling automobile seat covers. [3] In 1952, the business repositioned itself as a mail order catalog company and diversified its goods to include towels, dishes, and tools.
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Analyst Budd Bugatch of Raymond James & Associates compared Furniture Brands board members to the pigs in George Orwell's Animal Farm. [28] On September 9, 2013, Furniture Brands filed for Chapter 11 bankruptcy. The company planned to sell all businesses other than Lane Furniture to a group managed by Oaktree Capital Management LP. [29]
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The company would merge with Mueller Furniture Corporation, becoming Widdicomb-Mueller Corporation, in 1950. Ten years later Mueller would split from Widdicomb. In 1970, the company name is acquired by John Widdicomb Company. [2] From 1943 until 1956, T.H. Robsjohn-Gibbings served as designer for the company, designing Modern furniture.
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