Broyhill Furniture has been a well-known name in the furniture industry for decades. Known for its quality craftsmanship and stylish designs, Broyhill has furnished countless homes across the United States. Many people have fond memories of purchasing their first Broyhill piece or inheriting a beloved item from a family member. With such a long history, it’s natural to wonder about the current status of the company.
Is Broyhill Furniture still in business? The answer is no. Broyhill Furniture is no longer in business. The company ceased operations in 2018 after being acquired by Heritage Home Group, which subsequently filed for bankruptcy. As a result, Broyhill’s assets were sold to different entities, and the brand itself was acquired by Big Lots, a retail company that now sells Broyhill-branded furniture in its stores. While the Broyhill name lives on, the original company that produced the iconic furniture is no longer operational.
The History of Broyhill Furniture
Broyhill Furniture was founded in 1926 by James Edgar Broyhill in Lenoir, North Carolina. The company quickly gained a reputation for producing high-quality, affordable furniture. Over the years, Broyhill expanded its product line to include a wide range of home furnishings, from bedroom sets to living room furniture. The brand became synonymous with durability and style, making it a popular choice for American households.
Throughout the 20th century, Broyhill continued to grow and innovate. The company introduced various collections that catered to different tastes and preferences, ensuring that there was something for everyone. Broyhill’s commitment to quality and customer satisfaction helped it maintain a strong presence in the market for many years.
The Decline and Acquisition
Despite its long-standing success, Broyhill Furniture faced challenges in the 21st century. The rise of global competition and changing consumer preferences put pressure on traditional furniture manufacturers. In 2007, Broyhill was acquired by Furniture Brands International, which later became Heritage Home Group. Unfortunately, Heritage Home Group struggled financially and filed for bankruptcy in 2018.
As part of the bankruptcy proceedings, Broyhill’s assets were sold off. Big Lots, a well-known retail chain, purchased the Broyhill brand name and began selling Broyhill-branded furniture in its stores. While the furniture sold under the Broyhill name today may still reflect the brand’s legacy of quality and style, it is important to note that it is not produced by the original Broyhill Furniture company.
In conclusion, Broyhill Furniture as it was originally known is no longer in business. The brand name continues to exist under new ownership, with Broyhill-branded products available at Big Lots. However, the original company that built a reputation for quality and craftsmanship over decades has ceased operations. While the Broyhill name lives on, the legacy of the original company remains a significant chapter in the history of American furniture.