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ROOMS TO GO PURSUES OWN RHODES SHOW.
- Article from:
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HFN The Weekly Newspaper for the Home FurnishingNetwork
- Article date:
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August 15, 2005
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Copyright informationCOPYRIGHT 2005 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jo Fleischer
HIGH POINT, N.C.-Rooms To Go, the nation's largest furniture retailer, could gain access to neighboring states and smaller markets with its $45.8 million bid to acquire about 50 stores from Atlanta-based Rhodes Furniture, which filed for bankruptcy in November.
A source familiar with Rooms To Go's offer confirmed that the Seffner, Fla.-based retailer beat out a previous offer by RoomStore, Richmond, Va., to purchase stores at less than $1 million each -- including several in areas that border the six Southern states where Rooms To Go currently operates 100 stores. The deal is subject to the approval of the federal bankruptcy court in Atlanta, which ...
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