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LENOIR, N.C.  Heritage Home Group LLC has appear its ancestor aggregation HH Global BV and its U.S. affiliates accept filed petitions in U.S. Defalcation Cloister in Delaware to activate a restructuring action that will acquiesce the aggregation to complete the bargain of its brands including Thomasville, Broyhill, Hickory Chair and Maitland-Smith amid others. 

As allotment of this process, the aggregation appear it has accomplished an acceding to advertise its affluence businesses including Hickory Chair, Pearson and Maitland-Smith to Century Furniture ancestor RHF Investments Inc.

Heritage Home additionally said it has active a letter of absorbed and is in final negotiations with a client for the bargain of its Thomasville & Co and Broyhill business units. The Thomasville & Co. assemblage includes the Thomasville Furniture, Henredon and Drexel brands.

“While it is adverse that the action has to action through a defalcation of Hickory Chair’s ancestor HHG, we are committed to affective bound appear a acknowledged acquisition,” said Alex Shuford, admiral of Century Furniture and CEO of RHF Investments. “Hickory Chair has congenital a acceptability as a aggregation that can be trusted and those are the types of bodies and companies that my ancestors and I attending to accomplice with. It is our intention, if acknowledged in this process, to abide to booty affliction of the employees, barter and vendors of these accomplished brands.”

It additionally has anchored a charge from PNC, N.A., to accommodate a $98 actor debtor in control costs ability  that will accommodate to $18 actor in added clamminess to abutment the company’s operations during the restructuring and sales process.

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