Hooker Furnishings Sells Pulaski and Samuel Lawrence Brands to Magnussen Home for $6.1 Million
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Hooker Furnishings Corporation sold its Pulaski and Samuel Lawrence Furniture brands to Magnussen Home for $6.1 million. Magnussen will assume the lease of HMI’s High Point showroom, relieving Hooker Furnishings of $4.8 million in lease liabilities. Ten percent of the purchase price is held back for 210 days for indemnification and adjustments.
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