|
 We were
satisfied over the past three years with the growth we
achieved, but bedding is not a core strategic focus
Kurt Darrow, President and Chief Executive Officer of
La-Z-Boy
England, Inc., a subsidiary of
La-Z-Boy, announced that it has sold the "Englander" sleep
products name and trademarks to Englander Sleep Products, LLC.
Englander Sleep Products, LLC is a limited liability company
recently formed by parties that have been licensing the
Englander name from England, Inc. Terms of the transaction were
not disclosed but the company will realize a gain on this sale
in its second quarter results.
Kurt Darrow, President and Chief Executive Officer of
La-Z-Boy Incorporated, commented, "Englander is a good company,
but a very small part of our business and we are pleased to sell
it to this group of licensees whose sole focus is on bedding. We
were satisfied over the past three years with the growth we
achieved, but bedding is not a core strategic focus."
Englander was founded by Max Englander in 1894 and is the
second oldest brand of quality sleep products in the United
States. England, Inc. acquired the name and trademarks in July
of 2002.
|
RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
|
Tell us what you think
Rate the article at the top of this page |
|
|
|
|
