Lender pushes for Douglas Furniture liquidation
Douglas Furniture’s principal lender has filed a motion to dismiss the company’s Chapter 11 bankruptcy case, arguing that the upholstery and casual dining resource has no realistic prospects of resuming operations.
“The bankruptcy case was filed for one reason to liquidate property in which Heller holds a first-priority lean,” the motion states. “(Douglas) is no longer [...]
Fast becoming a part of the furniture
Oliver Moloney has just opened his latest Instore furniture shop, but he already has plans for two more.
Instore’s roots reach back more than 20 years, when Moloney and his brother first traded furniture from their family home in Ardnacrusha, Co Limerick. They opened their first store on Patrick Street in Limerick in 1988.
That store no [...]
Cebu furniture makers consider South Africa as export market
APART from tapping upscale market segments in Europe, Russia and the Middle East, furniture exporters in Cebu are also considering venturing into the South African market.
Cebu Furniture Industries Foundation Inc. (CFIF) president Eric Vincent Casas said the group is eyeing South Africa as a growing market for its products, since there are already Philippine-made products, [...]