![]() ![]() Next is high-density HR foam for maximum comfort that will outlast all else. It starts with a cushion wrapped in high-resiliency polyester fiber foam for extra cushioning, comfort, and durability. Luxe out your comfort with our Innerspring Coil Cushion system featuring several layers of premium materials. It will also help keep your furniture with it's new-look, support and comfort for many years. Our Custom Comfort zipper-back design allows for the repositioning, adding or subtracting of Best’s premium polyester fiber fill to ensure have the comfort you desire. Rolled arms are contoured and padded Customizing Your Comfort in a Zip. This stunning assembly rests on distinctive bun legs which are available in Espresso or Dark Walnut finish. Make it yours by choosing from top grain leather choices. ![]() Comfort is not sacrificed by style as the cushion features encased coil springs giving a resilient, yet plush feel. The front of the arms are covered with face caps that are accented with brass tacks for a distinguished look. The asset purchase agreement is also subject to higher and better offers Noble House might receive during the auction process.The smooth, rolled arms flow into the stepped-in back where they converge with the contoured and padded lower arms. The asset purchase agreement is subject to certain customary closing conditions, including certain orders being entered by the bankruptcy court. Reported income in 2021 was $7 million, decreasing to a $34 million loss in 2022. In the petition, the petitioners noted that the company received a boost in COVID-era sales, rising to $671 million in 2021 to $491 million in 2022, with 2023 revenue projected to be lower. The debtors’ lead petition notes between 1,000 and 5,000 creditors estimated assets between $100 million and $500 million and estimated liabilities between $100 million and $500 million. According to reports from Bankrupt Company News, it listed $74 million in funded debt and $65 million in trade debt. 11 with the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Bankruptcy Court”). Noble House filed for Chapter 11 bankruptcy protection on Sept. With our healthy balance sheet and cohesive marketplace ecosystem, we are confident that GigaCloud has the resources and management capabilities to stabilize and grow Noble House’s business in the future.” “On the other hand, we believe GigaCloud’s B2B platform will enhance Noble House’s operational efficiency and expand Noble House’s sales channels. “With more than 8,000 SKUs and a strong supply chain system, we believe Noble House will add significant depth to our 1P and 3P businesses, supplementing our already diverse range of product offerings,” said Larry Wu, founder, chairman and CEO of GigaCloud. Family-owned since its founding in 1992, the company designs, markets and sells products under several brands including Christopher Knight Home, NobleHouse, LePouf, OkiOki, Best Selling and GDFStudio, and it leases offices, warehouses and other sites in Texas, California, and Georgia. Noble House is a distributor, manufacturer and retailer of indoor and outdoor home furnishings with distribution throughout e-commerce channels including partners such as Amazon, WalMart, Costco, Wayfair, Overstock, Target and Home Depot, fulfilling direct to consumer orders from its distribution centers. End-to-end B2B e-commerce solutions provider GigaCloud Technology announced that it has entered into a definitive agreement as the stalking horse bidder to acquire substantially all of the assets of Noble House Home Furnishings and certain of its affiliates for $85 million in connection with Noble House’s Chapter 11 bankruptcy proceedings. ![]()
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