The company hopes its new Drexel Studio line will be more successful. A “store closing” event took place in September among the 25 locations in 14 states. Drexel Heritage will drop the Lineage brand, ending one of the boldest experiments in the history of furniture. A prominent asset realization firm, SB360 Capital Partners, has acquired Heritage Home Group and the remaining inventory of Thomasville & Co. In 1986, Drexel Heritage became a branch of Masco Corporation, which became one of the country's biggest furniture manufacturers by the late 1980s.Īs of September 2018, Broyhill Furniture has closed its doors. Tons of storage with compartmental shelving and drawers. Invaluable is the worlds largest marketplace for art, antiques, and collectibles. In 1977 Drexel Heritage was sold to investment bank Dominick International Corporation and retail sales increased drastically. Buy online, view images and see past prices for Drexel Heritage Laureate Armoire 1. Keeping this in view, what happened to Drexel Heritage? Likewise, is Heritage Home Group still in business? Heritage Home Group LLC, formed to purchase most assets of the defunct Furniture Brands International, was a High Point, North Carolina-based home furnishings company. It also has purchased the intellectual property of Broyhill, but has sold those assets to an unnamed U.S.-based retailer. NEW YORK – Authentic Brands Group announced Tuesday that it has completed the purchase of the Thomasville, Henredon and Drexel Brands from Heritage Home Group LLC. Likewise, people ask, is Drexel Furniture still in business? : Nine piece Drexel Drexel mahogany double pedestal dining table, Drexel mahogany double pedestal dining table, with large banded inlaid top, ht. In major news for the American home furnishings industry, Furniture Today has reported that Heritage Home Group, parent company to such iconic brands as Henredon, Hickory Chair, Maitland-Smith, and Pearson, has filed for Chapter 11 bankruptcy. Nine piece Drexel Heritage dining set withNine piece Drexel Heritage dining set with table (2 leaves 20' each and pads, top 44' x 74') and chairs, opens 44' x 114'. 400 (Montlake (Portage Bay) seattle ) pic hide this posting restore restore this posting. Heritage Home Group Files for Bankruptcy.