UPDATE: Gorman's talking to Israels Designs for Living about possible deal
Also says it will fulfill new orders from Israels designers
Larry Thomas -- Furniture Today, September 23, 2010
GRAND RAPIDS, Mich. — Gorman's, a high-end retailer with four stores in the Detroit area, says it is discussing a possible deal with Israels Designs for Living here.
Israels and Klingman's Furniture, two high-end stores in Grand Rapids that are owned by Robert Israels, are being forced by lenders to hold going-out-of-business sales, according to local media reports.
Bernie Moray, CEO of Gorman's, said the talks are still in the preliminary stage, but stressed that Gorman's will place and fulfill new orders from independent designers who have worked with Israels Designs for Living in the past.
Moray said there's no timetable to finalize the deal, but said he wanted to reassure designers and vendors that their new orders would be fulfilled.
-
Gorman's discussing deal with Israels
Nov 25, 2010
Featured Company
-
Brandwise Inc.
Brandwise serves a model - not just an industry - by integrating, automating, and optimizing the entire sales channel, from wholesale Suppliers to their Reps and the Retailers they service. In short, our software helps Reps and Suppliers sell more and create... more
VIEW ALL GALLERIES
