Jay McIntosh

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Here’s why our industry won’t ever get a bailout

Here’s a message I think we’ll hear on our voicemail sometime in the next six months: Greetings from the Federal Bailout Administration. We have taken the U.S. furniture industry’s request for a bailout under advisement. In case you are unfamiliar with Washington-speak, that means we are sitting on it, buddy. Your chance of getting a bailout is about as good as the... More

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What’s next for Furniture Brands International?

What’s next for Furniture Brands International ? If Sun Capital did indeed win three seats on the board as it claims, the answer could be turmoil. Furniture Brands, the parent of Broyhill, Lane, Thomasville, Drexel Heritage, Henredon and Maitland-Smith, says it needs until May 20 to verify the results of the proxy election votes that were submitted at this week’s annual... More

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FBI’s ‘rejection’ of Sun Capital bid may be just a starting point

  If you’ve surfed the Web looking for stories on Sun Capital’s bid to acquire Furniture Brands International, you may have read that FBI “rejected” the bid.     That’s not quite right.      True, Furniture Brands executives expressed some disdain for the proposal last week from Sun Capital, which said the private equity... More