Thomasville Furniture has been a well-known name in the furniture industry for many years. Known for its quality craftsmanship and classic designs, the brand has been a staple in many homes across the United States. However, with the ever-changing landscape of the furniture market, many people are left wondering about the current status of Thomasville Furniture.
Is Thomasville Furniture still in business? As of now, Thomasville Furniture is no longer operating as an independent company. The brand was acquired by Heritage Home Group in 2013, which later filed for bankruptcy in 2018. Following this, the Thomasville brand was purchased by Authentic Brands Group (ABG) and is now part of their portfolio. While Thomasville-branded furniture is still available, it is no longer produced by the original company but through licensing agreements with other manufacturers.
History of Thomasville Furniture
Thomasville Furniture was founded in 1904 in Thomasville, North Carolina. Initially, the company produced only chairs, but it quickly expanded its product line to include a wide range of furniture items. Over the years, Thomasville became synonymous with high-quality, American-made furniture, gaining a loyal customer base.
Throughout the 20th century, Thomasville Furniture continued to grow and innovate. The company introduced various collections that catered to different tastes and styles, from traditional to contemporary. By the 1980s, Thomasville had become one of the largest furniture manufacturers in the United States.
Changes in Ownership
In the early 2000s, Thomasville Furniture faced increasing competition from both domestic and international manufacturers. In 1995, the company was acquired by Furniture Brands International (FBI), which aimed to consolidate its position in the market. Despite efforts to revitalize the brand, FBI struggled financially and eventually filed for bankruptcy in 2013.
Following FBI’s bankruptcy, Heritage Home Group acquired Thomasville and several other brands. However, this acquisition did not lead to a long-term recovery, and Heritage Home Group also filed for bankruptcy in 2018. Subsequently, Authentic Brands Group (ABG) purchased the Thomasville brand, along with other assets, and began licensing the name to various manufacturers.
Today, Thomasville-branded furniture can still be found in stores and online, but it is produced by different manufacturers under licensing agreements with ABG. While the brand name continues to evoke a sense of quality and tradition, the original Thomasville Furniture company no longer exists as an independent entity.
In summary, Thomasville Furniture is no longer in business as an independent company. The brand name lives on through licensing agreements, but the original company has ceased operations. This marks the end of an era for a brand that was once a cornerstone of American furniture manufacturing.