Thursday, June 11, 2009

Parent company of Boyles Distinctive Furniture files bankruptcy

Posted By on Thu, Jun 11, 2009 at 10:31 AM

As the housing market went down, I guess it would make sense the furniture market would as well.

The housing and retail downturn caught up Wednesday with the N.C. parent company of Boyles Distinctive Furniture as it filed for Chapter 11 bankruptcy protection.

Conover-based Hendricks Furniture Group and sister company Classic Moving and Storage plan to shed debts and continue operating the five Boyles stores in the Carolinas, including locations in Pineville and Hickory. Another Boyles near Northlake Mall closed in March.

Read the rest at the Charlotte Observer.

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