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July 30, 2015 2:40 PM ET

Household Durables

Company Overview of Ashley Furniture Industries, Inc.

Company Overview

Ashley Furniture Industries, Inc. manufactures home furniture. It offers living room furniture, such as chairs and ottomans, entertainment centers, occasional tables, recliners, reclining sofas, sectionals, sofas and loveseats, bars, lamps, rugs, wall art, and home accessories. The company also provides dining room products, including Chinas and buffets, and tables and chairs; and bedroom products, such as bedding ensembles, beds, chests and armoires, dressers and mirrors, and youth bedrooms. In addition, it offers mattresses, such as bed pillows and foundations; home accents, including accent pillows; and home office furniture, such as desks and chairs. The company sells its products throug...

One Ashley Way

Arcadia, WI 54612

United States

Founded in 1945

Phone:

608-323-3377

Fax:

608-323-6008

Key Executives for Ashley Furniture Industries, Inc.

Chief Executive Officer
Chief Financial Officer
Vice President of Information Technology
Compensation as of Fiscal Year 2015.

Ashley Furniture Industries, Inc. Key Developments

Ashley Furniture Industries Will Not Sell

Ashley Furniture Industries, Inc. have decided to retain all of their stock and not pursue a sale of the privately held company. Todd Wanek, Chief Executive Officer said, "After many discussions with several great firms, we concluded that the best option for our customers, our employees and our future is to continue our current path. While Ashley, like all U.S. manufacturers must address a challenging environment, it has the benefits of stable ownership, passionate employees, loyal customers, exciting products, and lots and lots of opportunity for continued growth."

Ashley Seeks Alternatives For Investments

Ashley Furniture Industries, Inc. hired The Goldman Sachs Group, Inc. (NYSE:GS) to evaluate a variety of investment alternatives and opportunities. But, Todd Wanek, Chief Executive Officer of Ashley added that no decisions have been made on a course of action.

Ashley Furniture Looking To Sell

Ashley Furniture Industries, Inc. is exploring a sale. The family-owned company is working with investment bank Goldman Sachs Group Inc. on the process, which is in an early stage, according to people familiar with the matter.

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Recent Private Companies Transactions

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