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In 1980 Interco took over Broyhill Furniture, a North Carolina company that was the world's largest privately owned furniture maker, with 20 factories and 7,500 employees. Paul Broyhill remained as CEO for five more years, leaving when Interco made changes with which he did not agree. [9]
Broyhill may refer to: . Broyhill Furniture of Lenoir, North Carolina, United States . James Edgar Broyhill (1892–1988), founder of Broyhill Furniture; Jim Broyhill (1927–2023), American politician and U.S. Representative and Senator from the state of North Carolina, son of the above
In April 2015, the company began $2.7 million in improvements on a 70,000-square-foot showroom built in the 1990s for Drexel-Heritage, and later used by Henredon, Maitland-Smith and La Barge, on Eastchester Drive in High Point. When finished, the headquarters was to be 100,000 square feet. [11]
By the end of the decade, Broyhill operated 20 factories, 60 free standing stores, and 250 Broyhill Showcase stores staffed by more than 7,500 employees, [6] with annual sales of approximately $350 million. [7] In August 1980, Broyhill was purchased by Interco, Inc., a St. Louis based manufacturer of shoes and clothing, for $151.5 million. [8]
Broyhill had long sought to develop a complete, self-contained satellite city. In the early 1960s, M.T. Broyhill and Sons entered into a partnership with U.S. Steel to develop 1,765 acres of farmland on either side of Route 7 into 3,500 houses, available in ten different models, 3,000 apartments, a 100 acre shopping center, a 75 acre recreation area, including an 18-hole gold course and a two ...
James Thomas Broyhill (August 19, 1927 – February 18, 2023) was an American businessman and politician from North Carolina. A member of the Republican Party , he served in both chambers of the United States Congress as a member of the United States House of Representatives from 1963 to 1986 and briefly served in the United States Senate in 1986.
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