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Thomas Russell

Heritage Home announces reorganization

Confirms layoffs, site closing, new management structure

ST LOUIS — Heritage Home Group has announced a reorganization that is expected to result in some layoffs and also create a new management structure for the company and its iconic brands.

Heritage Home was created in November after parent company KPS Capital Partners acquired the assets of Furniture Brands International in bankruptcy court. These brands include Broyhill, Lane, Thomasville, Drexel Heritage, Henredon, Hickory Chair, Pearson, Maitland-Smith, Lane Venture and La Barge.

Company officials declined to provide details about the layoffs and wouldn't say how many people will be affected. However, the company did send a separate letter to employees today that said it plans to close Plant C and related support facilities in Thomasville, N.C., effective March 21.

"Unfortunately, this permanent closure will mean the end of all operations and all employees at these locations will be discharged," Heritage Home Group, President and CEO Ira Glazer said in the Jan. 21 letter.

Glazer said reductions are unfortunately a "necessary element of our ongoing efforts to create a highly competitive organizational structure." He added that the number of jobs being saved through the formation of Heritage Home exceeds the number of people being let go.

The company said that the new structure will no longer have brand presidents. Instead, it has created a merchandising group that directs product development across all brands.

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