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.
New Delhi, India, December 29, 2006--On Thursday, a local non-governmental organization in India freed 50 child slaves, who worked more than 15 hours a day for two years without being paid or allowed to visit their parents.
Lahore, Pakistan, December 27, 2006--The problems faced by the carpet industry will be solved on priority basis and the government will provide land for a “carpet city” within a year, said nazim Mian Amer Mehmood.
Bassett, VA, December 22, 2006--Bassett Furniture said it will restate its financial statements for the year ended November 26, 2005, as part of its fiscal 2006 annual report as a result of accounting changes related to some acquisitions.
Tulsa, OK, December 20, 2006--After years of working for others, David Iseley, the founder and chief executive of Tulsa-based OxyMagic Carpet Cleaning, has turned his war against dirty carpets into a franchise company.
Wayne, PA, December 20, 2006--Millstream II Acquisition Corporation a special purpose acquisition company, said it has been served with a complaint seeking to enjoin Millstream II from holding the special meeting of stockholders.
Miami, FL, December 19, 2006—Private equity firm H.I.G. Capital said it has recapitalized Augusta Lumber Co., Inc. and its affiliates.
Carrollton, TX, December 19, 2006--Eliane will introduce Versatile, a multifaceted fully-rectified porcelain series with a range of finishings.
Kuopio, Finland, December 18, 2006--Hardwood flooring producer Karelia said it has acquired Romanian factory and sawmill Larodan, located in Transylvania, close to oak, ash and beech forests.
Ashland, OR, December 14, 2006--Hakatai Enterprises, Inc., importer and distributor of glass tile, recently launched a “to the trade” function to their website.
Fort Worth, TX, December 14, 2006--Pier 1 Imports Inc. said its fiscal third-quarter loss widened as sales slumped and marketing costs increased.