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Article: Furniture Brands International Announces Operations to Cease at Highland House.
- Article from:
- Business Wire
- Article date:
- October 31, 2003
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Business Editors
ST. LOUIS--(BUSINESS WIRE)--Oct. 31, 2003
Furniture Brands International, Inc. (NYSE:FBN) today announced that Highland House, a division of Thomasville Furniture Industries, Inc., will cease operations at the end of 2003.
"Highland House has been a well known brand name in our industry for many years," said W.G. (Mickey) Holliman, Chairman, President and Chief Executive Officer of Furniture Brands. "The reality is, however, that this division of our company has not generated the financial returns our shareholders expect and deserve."
Mr. Holliman added, "This change will not have any significant impact on Furniture ...