(NASDAQ:BSET), is a leading manufacturer and marketer of high Our entire HHG organization thanks the Lane Venture employees and designers for their dedication and wishes them continued success as a leader in the outdoor market."īassett Furniture Industries, Inc. Exiting the outdoor market will allow HHG to focus on its core indoor segments both domestically and internationally. and the Luxury Group - we are proud to have found a new owner for Lane Venture in Bassett. Newly formed business units - Broyhill, Thomasville & Co. "Lane Venture is an exceptional brand that is uniquely dedicated to the growing premium outdoor furniture category," said Pierre de Villemejane, CEO of HHG. We look forward to working with the Lane Venture organization to build an exciting future."
LANE VENTURE INDOOR FURNITURE FULL
After completion of the sale and a full assessment of the opportunities that lie ahead, we will outline our plans for the brand in detail in early 2018. "We have been contemplating our entry into the outdoor market for some time and we believe that Lane Venture is the appropriate platform to become a serious participant in this growing category. "Lane Venture has been an important player in the outdoor furniture market since its inception in 1972," said Rob Spilman, Chairman and CEO of Bassett. The Company expects to close on the acquisition later this month. (Nasdaq:BSET) announced today that it has entered into an agreement with Heritage Home Group LLC (HHG) to purchase certain of HHG's Lane Venture operating assets for $15,500,000 in cash. 18, 2017 (GLOBE NEWSWIRE) - Bassett Furniture Industries, Inc. Bassett to Purchase Lane Venture Assets from Heritage Home Group 21.5 KBīASSETT, Va., Dec.
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