Century Furniture parent company Rock House Farm Family of Brands (RHF Investments) is set to become the new owner of Heritage Home Group’s (HHG) luxury business unit, including Hickory Chair, Maitland Smith and Pearson.
HHG received no additional qualified bids by the Sept. 17 deadline and will present stalking horse bidder Rock House Farm Family of Brands as the winning bidder at a hearing slated for today, Sept. 26, according to a notice filed in U.S. Bankruptcy Court in Delaware.
Back in late July, Heritage Home Group (HHG), owner of brands including Hickory Chair, Pearson, Broyhill and Thomasville, filed for bankruptcy.
RHF Investments Inc. (RHF), owner of Century, Hancock & Moore and Highland House, signed an agreement to acquire HHG’s Luxury business, which includes the Hickory Chair, Maitland-Smith and Pearson brands and related operations in Hickory, NC, and throughout the United States with a bid of $17.5 million back in late July.