By selling their pieces to agents ready to assemble upon arrival, they were able to cut down on transportation costs and undersell their Northern competition. Their first product was a bedroom set consisting of a bed, bureau, and washstand suite that they sold for $14.50. They produced products made from native oak, taking inspiration from traditional French and British furniture design in order to create a wholly new unique style. The Drexel Furniture Company was founded in 1903 in North Carolina by Samuel Huffman and five other men with a mere investment of $14,000, and 50 workers. Do you have an old piece of Drexel furniture that you are interested in selling, or would simply like to know more about? Read on in order to find out how to do so. Today their pieces are highly valuable and sought after on the vintage and antique furniture market, as it is so easy to appreciate the mere aesthetic excellence, and high standards of quality, not to mention the history and tradition that lies behind each piece. A “store closing” event took place in September among the 25 locations in 14 states.Throughout the past one hundred and some years the company has been able to remain steadfast in their classic heritage while still contributing to contemporary ideals and trends, thus avoiding the label of ‘old-fashioned’. A prominent asset realization firm, SB360 Capital Partners, has acquired Heritage Home Group and the remaining inventory of Thomasville & Co. In 1986, Drexel Heritage became a branch of Masco Corporation, which became one of the country's biggest furniture manufacturers by the late 1980s.Īs of September 2018, Broyhill Furniture has closed its doors. In 1977 Drexel Heritage was sold to investment bank Dominick International Corporation and retail sales increased drastically. Simply so, what happened to Drexel Heritage? Likewise, is Heritage Home Group still in business? Heritage Home Group LLC, formed to purchase most assets of the defunct Furniture Brands International, was a High Point, North Carolina-based home furnishings company. It also has purchased the intellectual property of Broyhill, but has sold those assets to an unnamed U.S.-based retailer. NEW YORK – Authentic Brands Group announced Tuesday that it has completed the purchase of the Thomasville, Henredon and Drexel Brands from Heritage Home Group LLC. In major news for the American home furnishings industry, Furniture Today has reported that Heritage Home Group, parent company to such iconic brands as Henredon, Hickory Chair, Maitland-Smith, and Pearson, has filed for Chapter 11 bankruptcy.Ĭorrespondingly, is Drexel Furniture still in business?
Heritage Home Group Files for Bankruptcy.
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