UPDATE: Report says Chloe Furniture closing four N.C. stores
December 28, 2011-- Furniture Today,
FAYETTEVILLE, N.C. — Chloe Furniture, a new chain started this year by Hudson's Furniture's CEO and a business partner, is closing four stores in North Carolina, The Fayetteville Observer reports.
The stores, owned by FreDe Enterprises, are in former Ashley Furniture HomeStores the Raleigh-Durham and eastern North Carolina markets. The Ashley stores also were previously operated by FreDe.
FreDe Enterprises filed for bankruptcy in 2010. It reopened the locations as multi-line stores this spring.
The principals in FreDe Enterprises are DeShon Hodge and Fred Hudson, CEO of the Sanford, Fla.-based Hudson's chain, which also filed for bankruptcy in 2010 and later emerged.
Related Content By Author
Hollywood ‘A’ Listers buy into mattress biz, and guess who’s the fastest growing retailer?