Ward's files Chap. 11; Bassett takes $6M hit

Article Abstract:

Bassett Furniture Industries Inc is one of the furniture manufacturers that have taken a pre-tax charge as a result of the Chapter 11 filing by department store chain operator Montgomery Ward and Company Inc in Jul 1997. Other furniture companies that are expected to follow Bassett include Frankline Furniture Corp, Klaussner Furniture Industries Inc, La- Z-Boy Chair Co and Sealy Furniture Co.

Financial management, Furniture and Related Product Manufacturing, Furniture & Fixtures, Bassett Furniture Industries Inc.

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eKing of millsE Major dies

Article Abstract:

Andrew Major, longtime leader of Mastercraft Fabrics passed away and is survived by his wife, son, daughter and grandchild. He was a true marketer and merchandiser and laid great emphasis on the product design, quality and innovation, making it more important than the price. He always treated customers as king and is considered as one of the great visionaries of his time.

Executive changes & profiles, TEXTILE MILL PRODUCTS, Obituary, Officials and employees, Textile industry, Textile and clothing industry software, Major, Andrew, Mastercraft Fabrics L.L.C.

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