La-Z-Boy Incorporated Announces Sale of American Drew and Kincaid Wholesale Casegoods Businesses
La-Z-Boy is selling its American Drew and Kincaid wholesale casegoods businesses to Banner House to focus on its core North American upholstery business. The divestiture is part of a previously announced portfolio optimization strategy and is expected to close in mid-May subject to customary conditions.
Key figures
- Store count
- 374
- Employee count
- about 11,000
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