Less than a month from its annual shareholders meeting, Clayton-based Furniture Brands International Inc. is facing a serious challenge from a major shareholder.

SCSF Equities – an affiliate of Sun Capital Partners of Boca Raton, Fl. — on Thursday nominated three directors…

Furniture Brands International Inc. is “disappointed” that a major shareholder is considering pursuing what the Clayton-based importer and manufacturer calls a “costly and disruptive” proxy contest.

Last week, SCSF Equities LLC, a division of Sun Capital Partners of Boca Raton,…

A major shareholder in Furniture Brands International Inc. is pressuring the Clayton-based company to provide a complete list of shareholders. For SCSF Equities LLC, a subsidiary of  Boca Raton, Fl.-based private equity group Sun Capital Partners, the goal may be to…

Furniture Brands International Inc.’s 10-month search for a chief financial officer is over.

The Clayton-based furniture manufacturer and importer has signed Steven G. Rolls. Most recently, Rolls was CFO at Global Energy Inc., a privately held environmental technology company. Prior…

Furniture Brands International Inc. this morning announced that it has agreed to sell its Hickory Business Furniture unit to HNI Corp. for $75 million.
 
The all-cash sale should be completed in the first quarter, Clayton-based Furniture Brands said.

Despite a private investment group’s recent interest in talking to Clayton-based Furniture Brands International Inc. about a takeover, one analyst said Thursday that she was “skeptical” that a deal will occur.

Furniture Brands, the country’s second-largest furniture-maker, lost money last year…

A closely-watched survey by a High Point, N.C. accounting and consulting firm showed a drop in business last year for residential furniture manufacturers and distributors.

New orders were 4 percent below 2006 levels, according to Smith Leonard PLLC, which said that about 70…

A major shareholder in Clayton-based Furniture Brands International Inc. has launched a takeover bid for the importer and manufacturer, urging it to go private in order to unlock the potential of its brands. 

Wall Street was impressed. The company was not.

Shares…

Lynn Chipperfield, a 25-year veteran of Furniture Brands International Inc., is retiring from the Clayton-based company. Chipperfield, who most recently served as senior vice president, general counsel and secretary of the furniture manufacturer and importer, will be replaced by Jon…

Furniture Brands International Inc., the Clayton-based seller of Lane, Broyhill and Thomasville pieces, on Wednesday night reported a drop in fourth-quarter sales and a nearly $42 million loss.

Forecasting a further drop in sales this year, the company said it…