HomeLife lands nearly $70M in funds

Article Abstract:

HomeLife Furniture has secured nearly $70 million in funds from shareholders Sears and LifeStyle Furnishings International/Citicorp Venture Capital and also from Fremont Investment and Loan.

Author: Engel, Clint
Department Stores, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Use of Funds, Household and Institutional Furniture Manufacturing, Household Furniture, Household Furniture & Bedding, Sears, Roebuck and Co., S, Fremont Investment & Loan, Citicorp Venture Capital Ltd., Lifestyle Furnishings International Ltd.

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$65M loan not enough to bail out HomeLife

Article Abstract:

HomeLife Furniture securing of a $65 million loan failed to keep the company in operation. The furniture chain was forced to terminate its businesses just two months after securing the loan.

Author: Engel, Clint

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HomeLife shuts down: liquidation in works?

Article Abstract:

HomeLife Furniture has closed its 128 stores and is planning to file for bankruptcy. The company said that it was not planning to implement a reorganization of its operations.

Author: Engel, Clint

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Subjects list: United States, Furniture stores, HomeLife Furniture Corp.
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