![]() In addition, Bassett owns a furniture logistics company providing freight, warehouse, distribution, 3PL and last mile service to home furnishings wholesalers and retailers.įor more information, visit the Company’s website at. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States and internationally. The stores also feature the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett’s retail strategy includes custom-built furniture that is ready for delivery in the home within 30 days. The most significant growth opportunity for Bassett continues to be the Company’s dedicated retail store program. With 91 company- and licensee-owned stores, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a comfortable environment for buying furniture and accessories. ![]() (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. Our entire HHG organization thanks the Lane Venture employees and designers for their dedication and wishes them continued success as a leader in the outdoor market.”īassett Furniture Industries, Inc. Exiting the outdoor market will allow HHG to focus on its core indoor segments both domestically and internationally. and the Luxury Group - we are proud to have found a new owner for Lane Venture in Bassett. “As HHG focuses on its three newly formed business units - Broyhill, Thomasville & Co. “Lane Venture is an exceptional brand that is uniquely dedicated to the growing premium outdoor furniture category,” said Pierre de Villemejane, CEO of HHG. We look forward to working with the Lane Venture organization to build an exciting future.” After completion of the sale and a full assessment of the opportunities that lie ahead, we will outline our plans for the brand in detail in early 2018. Being a 'furniture only' service the delivery may take 2-4 weeks longer as the service does all of the deliveries in your area at the same time. We use 'professional 'furniture only' delivery services to deliver Lane Furniture. “We have been contemplating our entry into the outdoor market for some time and we believe that Lane Venture is the appropriate platform to become a serious participant in this growing category. We offer Free White Glove Delivery to most locations in the 48 states when your order totals 4,000 or more. “Lane Venture has been an important player in the outdoor furniture market since its inception in 1972,” said Rob Spilman, Chairman and CEO of Bassett. The Company expects to close on the acquisition later this month. (Nasdaq:BSET) announced today that it has entered into an agreement with Heritage Home Group LLC (HHG) to purchase certain of HHG’s Lane Venture operating assets for $15,500,000 in cash. Living rooms, bedrooms, dining rooms, reclining furniture, mattresses, home dcor, accents, accessories, sectionals, sofas and couches at everyday low. See more ideas about lane venture, outdoor furniture sets, outdoor living. Stainless steel hardware is used in all construction points. 18, 2017 (GLOBE NEWSWIRE) - Bassett Furniture Industries, Inc. Explore Anne Sheerans board 'LANE VENTURE', followed by 148 people on Pinterest. Shop for Lane Venture Dining Side Chair, 825-40, and other Outdoor/Patio Dining Chairs at.
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