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In 1969, after years primarily as a manufacturer of recliners, La-Z-Boy started designing other products including reclining sofas, sleep sofas and modular groups. [3] 1981 sales were $150 million. [4] In 1983, La-Z-Boy introduced its first line of stationary sofas and occasional chairs, later offering a full line of home furnishings. [3]
Late in 2001, Masco announced Furniture Brands International would buy Henredon, Drexel Heritage and Maitland-Smith for $275 million, in a deal expected to return Furniture Brands to the number one U.S. furniture manufacturer, a title lost to La-Z-Boy when that company bought LADD in 2000. [13]
It is the oldest manufacturer of reclining chairs in the U.S. [3] After the company filed for bankruptcy in 2010, it shuttered its facilities in Rocky Mount, North Carolina , and Martinsville, Virginia , then restarted manufacturing at the plant in Morristown, Tennessee, in 2011, for manufacture of the Barcalounger chair. [ 4 ]
Over the last few years, the housing market has been a wild ride of low inventory, hefty price tags for homes, and soaring interest rates. In addition, there have been costly bidding wars and...
Here's what kale is, why it's so good for you and why some people should still avoid overconsumption.
Effectively, a young person earning more than $200,000 a year could easily save thousands of dollars in taxes – five figures worth – just by moving to another state, especially one that doesn ...
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