On November 10, 1903, in Drexel, North Carolina, Samuel Huffman and five other men founded the Drexel Furniture Company with an investment of $14,000. To this day Drexel furniture has an unshakeable reputation for timelessness, and unpretentious elegance of design, and as a result their products are sold only by the finest design studios and furniture stores in the nation. Their products are made from native oak, are skillfully handcrafted, and reflect the simplicity of beauty combined with old world quality in skillmanship of classic American made products. What is Drexel furniture?ĭrexel refers to the style of fine furniture created by Drexel Furniture Inc, based in the Blue Ridge Mountains of North Carolina. Collectors today continue to find great value in the traditional combined with industrial elements that comprise the tastefully classic and refined, yet neat and simple quality of Drexel furniture. A “store closing” event took place in September among the 25 locations in 14 states.With humble beginnings as a small and unassuming factory of only 50 workers to an upstanding nationally recognized business of furniture manufacturing and design, it is a classic American story of success. A prominent asset realization firm, SB360 Capital Partners, has acquired Heritage Home Group and the remaining inventory of Thomasville & Co. You may also want to consider Ethan Allen and/or Thomasville for similar quality and pricing.Īs of September 2018, Broyhill Furniture has closed its doors. Note that various lines are at different price points.
It is one of my favorites, particularly for upholstered goods. I have 4-5 pieces of Drexel furniture and overall have been happy with the quality and style.
One may also ask, is Drexel Furniture good quality? 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.Īlso, is Lane furniture still in business? In big news for the furniture industry, North Carolina–based Heritage Home Group, the parent company of Henredon, Hickory Chair, and Maitland-Smith, among a large stable of brands, has announced that it will sell off the Lane Furniture group from its portfolio. Heritage Home Group Files for Bankruptcy.
In this way, is Drexel furniture out of business?
It also has purchased the intellectual property of Broyhill, but has sold those assets to an unnamed U.S.-based retailer. 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.
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