$22 million bid for HHG’s Broyhill,
Thomasville furniture groups
Heritage Home Group announced it has signed an
agreement to sell its Broyhill and Thomasville & Co.
business groups to a newly formed entity of Authentic
Brands Group and SB360 Capital Partners LLC.
Identified as the stalking horse bidder, the ABG/
SB360 entity has entered a baseline bid of $22 million for
the furniture brands, which also include the Drexel and
Henredon brands, and related intellectual property assets.
The court-supervised auction is expected to take place
within the next 60 days. https://bit.ly/2oGauXW - K.K.
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