La-Z-Boy Incorporated, a global leader in the retail and manufacture of residential furniture, has completed the sale of its previously announced American Drew and Kincaid wholesale casegoods businesses to Banner House, a multi-branded portfolio of home furniture.
This portfolio optimisation will enable La-Z-Boy Incorporated to focus on its core, vertically integrated North American upholstery business and drive its Century Vision strategy.
“La-Z-Boy stores, Comfort Studios, and Branded Spaces will continue to offer casegoods products to its consumers,” an announcement said.
“These changes will enhance offerings in the future, opening up broader sourcing and driving efficiency in the process.”
