KPS announced the name Heritage Home Group LLC for the new owner of "substantially all of the assets" of Furniture Brands on November 25.
[8] In June 2014 it was reported that the last Drexel Heritage plant, on Hogan Street in Morganton, North Carolina, was closing July 31, with 87 people losing their jobs.
The company was started by the Huffman and Mull families, but in recent years, decisions to move manufacturing to other countries hurt the Morganton area.
[10] In April 2015, the company began $2.7 million in improvements on a 70,000-square-foot showroom built in the 1990s for Drexel-Heritage, and later used by Henredon, Maitland-Smith and La Barge, on Eastchester Drive in High Point.
[12] On September 8, Heritage Home Group appointed Pierre de Villemejane as President and Chief Executive Officer after he served as CEO of WWRD Holdings Ltd. and Speedline Technologies Inc., also KPS companies.
HH Global said RHF Investments Inc., owner of Century, Hancock & Moore and Highland House, would buy its luxury brands division.
[15] HH Global agreed to sell its luxury brands division, including Hickory Chair, Maitland-Smith, La Barge and Pearson, to RHF Investments Inc., owner of Century, Hancock & Moore and Highland House.
LLC, a joint venture between SB360 Capital Partners and Authentic Brands Group[18] of New York City, known for buying businesses in trouble but also for outsourcing.