In 1977 Drexel Heritage was sold to investment bank Dominick International Corporation and retail sales increased drastically. ![]() Likewise, people ask, what happened to Drexel Heritage? It also has purchased the intellectual property of Broyhill, but has sold those assets to an unnamed U.S.-based retailer.Īlso Know, is Heritage Home Group still in business? Heritage Home Group LLC, formed to purchase most assets of the defunct Furniture Brands International, was a High Point, North Carolina-based home furnishings company. NEW YORK – Authentic Brands Group announced Tuesday that it has completed the purchase of the Thomasville, Henredon and Drexel Brands from Heritage Home Group LLC. ![]() ![]() In major news for the American home furnishings industry, Furniture Today has reported that Heritage Home Group, parent company to such iconic brands as Henredon, Hickory Chair, Maitland-Smith, and Pearson, has filed for Chapter 11 bankruptcy.īesides, is Drexel Furniture still in business? Heritage Home Group Files for Bankruptcy.
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