News Publications
Topic: RSS FeedLa-Z-Boy buys 13 stores in the Chicago area
Deseret News (Salt Lake City), Feb 22, 2005
La-Z-Boy Inc., the largest U.S. home-furniture maker, said it purchased 13 stores that sell its products in Chicago and nearby suburbs as it seeks to expand its business in the biggest U.S. cities. Terms weren't disclosed.
The Michigan-based furniture chain, which has a manufacturing plant in Tremonton, Box Elder County, acquired the stores from Chuck Forcey, who built the business over the last three decades. The company said the purchase boosts the number of La-Z-Boy brand retail stores it owns by one-third.
"This acquisition fits well with our strategy of playing a larger corporate role, where necessary, in obtaining greater market penetration in the 25 largest markets," Kurt Darrow, the chief executive officer of La-Z-Boy said in the statement.
Chicago is the third-largest city in the U.S. La-Z-Boy said it can operate as many as 20 stores in the city and suburbs. By acquiring Forcey's stores, La-Z-Boy boosted the number of namesake retail stores it owns to 52 from 39.
Most Recent News Articles
- EGYPT - Dec 29 - Opposition Says Mubarak Blessed Israeli Attacks
- ISRAEL - Dec 26 - Palestinian MP Gets 30 Years Jail
- LEBANON - Dec 26 - Lebanese Army Dismantles Eight Rockets Aimed At Israel
- AFGHANISTAN - Dec 24 - Afghans And US Plan To Recruit Local Militias
- IRAN - Dec 21 - Tehran Says It's Getting Missiles
Most Recent News Publications
Most Popular News Articles
- How Florida ended up landing Urban Meyer
- Michael Jackson: crowned in Africa, pop music king tells real story of controversial trip - includes related interview - Cover Story
- Jordie's shocking secret diary of sex abuse by Michael Jackson
- Why it took MTV so long to play black music videos
- 9 questions to ask your new lover: what you were afraid to ask, but always wanted to know
Most Popular News Publications
Content provided in partnership with http://findarticles.com/source//

