Hooker Furnishings Corporation has completed the sale of its Pulaski Furniture and Samuel Lawrence Furniture casegoods brands to Magnussen Home Furnishings, Inc. for approximately $6.1 million, subject to customary post-closing adjustments. As part of the transaction, Magnussen will also assume the lease of HMI's High Point showroom, relieving Hooker Furnishings of around $4.8 million in related lease liabilities and expenses. Ten percent of the purchase price will be held back for 210 days to cover indemnification and final adjustments.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hooker Furniture Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-25-002122), on December 18, 2025, and is solely responsible for the information contained therein.