Pillowtex's Brands Are Its Biggest Asset
New York, NY, Aug. 1--If anything of substantial value remains at now-bankrupt Pillowtex Corp., it's the textile maker's brands.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Mohawk's S&P Rating Unchanged By Lees Deal
New York, NY, July 31--Standard & Poor's Ratings Services said today that its ratings and outlook on Mohawk Industries Inc. remained unchanged following the company's announcement that it had signed an agreement to purchase the Lees Carpet Divisio
May To Close 32 Lord & Taylor Stores
St. Louis, MO, July 30--May Department Stores Co. said Wednesday it will close 32 of its Lord & Taylor stores in 15 states and two other stores under different names, leaving about 3,700 workers without jobs.
Mohawk's Bid For Lees Carpet Successful
Calhoun, GA, July 31--Mohawk Industries, Inc. announced that W. L. Ross & Company and Mohawk were successful in their bid for substantially all of the assets of Burlington Industries, Inc.
Armstrong Not Going To Surfaces
Lancaster, PA, July 31--Armstrong has made the decision not to exhibit at Surfaces 2004. The firm will use its 20,000 square foot customer visitation center in Lancaster to host trade shows during the year instead.
Fortis New ASCR Member & Has New Website
Altamonte Springs, FL, July 31--Fortis Enterprises announced today that the Company has joined the Association of Specialists in Cleaning and Restoration
Pillowtex Shuts Down
Kannapolis, July 30--Towel and bedding manufacturer Pillowtex Corp., which filed for Chapter 11 bankruptcy protection on Wednesday, is selling most of its assets to a consortium of groups that mostly engage in retail liquidations.
Ross May Not Carve Up Burlington's Assets
Greensboro, NC. July 31--Five months ago, as a major creditor of Burlington Industries Inc., Wilbur Ross said he thought the company was worth more carved into parts, according to the Charlotte Observer.
Insurance Firm Offers Contractor Plans
San Diego, CA, July 30--London American continues to roll out a number of diverse contractor markets for California with strong financial rated carriers, according to the Insurance Journal.
Exhibit Space For Surfaces 04 80% Sold Out
Dallas, TX, July 30--Next year’s Surfaces, which takes place January 28-30 at the Sands Expo & Convention Center, Las Vegas, Nevada, is already 80% sold out. In fact, almost 10% more exhibiting companies are currently on board for the event than at this t