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.

Gulistan Gets New Financing

Aberdeen, NC, Aug. 28--Gulistan Carpet, Inc. announced today that Hampton Capital Partners, LLC made an equity investment in the company and provided mezzanine financing to support ongoing operations.

Court Approves Burlington's Reorganization Dis

Greensboro, NC, Aug. 28--The Bankruptcy Court has approved the company's disclosure statement setting forth the terms of its Plan of Reorganization and other information relating to its proposed emergence from Chapter 11 as well as proposed procedures

Wool Prices Rebound

Auckland, NZ, Aug. 29--Prices for both fine and medium wools have rebounded in recent weeks, which should be a good sign so early in the season.

Dan River Announces Organizational Changes

Danville, VA, Aug. 29--Dan River Inc. today announced personnel and organizational changes related to the upcoming retirement of Richard L. Williams, 69, President and Chief Operating Officer. Williams will move to the position of Vice Chairman on August

Court Approves Auction Of Pillowtex Assets

Eden, NC, Aug. 29--U.S. Bankruptcy Court on Thursday approved Pillowtex's bid to sell off all its plants, equipment and brand names for at least $56 million at an Oct. 2 auction.

Consumer Spending Increases

Washington, DC, Aug. 29--Personal spending climbed in July as consumers continued to help fuel the economic recovery.