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La-Z-Boy sells Casegoods units to Banner House; transition closes mid-May

1 month ago 128

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La-Z-Boy store front at Vaughan Mills in Toronto.

La-Z-Boy (LZB) announced on Tuesday the sale of its American Drew and Kincaid wholesale casegoods businesses to Banner House (formerly Magnussen Home Furnishings).
The deal is not closed yet and will be completed after usual approvals, expected around mid-May.
The

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