Sofa & Chair Co. closing

Article Abstract:

The Sofa & Chair Co., a seven-store, mid-priced retailer based in St. Louis, MO, is liquidating its assets after struggling with difficult conditions and a declining number of small, independent dealers. The company, which began liquidation on Aug. 21, 1998, specializes in selling custom-order upholstery. Sofa & Chair President Gene Holtzman cited complicated reasons for the closure of the company, which has been unprofitable for the past two years. The company's inventory is estimated to be $8 million to $10 million.

Comment:

Is liquidating its assets after struggling with difficult conditions & a declining number of small, independent dealers

Organizational history, Article, Sofa and Chair Co.

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Cantoni enters Atlanta with Innovations buy

Article Abstract:

Cantoni has acquired the Innovations contemporary furniture store in Atlanta, Georgia. Innovations has a 22,000 square foot store in Atlanta's Midtown district.

Acquisitions & mergers, Furniture and Homefurnishings Stores, Furniture & Furnishings Stores, Furniture and Home Furnishings Stores, Furniture stores, HOME FURNITURE, FURNISHINGS, AND EQUIPMENT STORES, Furniture & Appliance Stores, Mergers, acquisitions and divestments, Company acquisition/merger, Furniture industry, Atlanta, Georgia, Cantoni Inc., Innovations (Atlanta, Georgia)

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