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.

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.

---

$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.

---

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.

Similar abstracts:

• Abstracts: Sofa vendors partner with stores to improve consumer education. Singing the blues...softly
• Abstracts: Imports likely to outweigh exports in Canadian market next year. Stock market fails to smile on Canadian firms
• Abstracts: South Cone plan aims to preserve Amazon forests, indigenous people. Filipinos face challenges with new spirit

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.