La-Z-Boy Incorporated Announces Sale of American Drew and Kincaid Wholesale Casegoods Businesses
Key Highlights: American Drew and Kincaid wholesale casegoods businesses to be sold to Banner House (formerly Magnussen Home Furnishings, Inc.), a multi-branded portfolio of home furniture Transaction is scheduled to close in mid-May La-Z-Boy will continue to offer casegoods products in its 374 stores across North America as part of its whole home solution for consumers Seamless transition expected for existing customers, dealers, and suppliers Transaction advances La-Z-Boy Incorporated progress of focusing on its core, vertically integrated North American upholstery business MONROE, Mich., April 21, 2026 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, announced the sale of its American Drew and Kincaid wholesale casegoods businesses to Banner House (formerly Magnussen Home Furnishings, Inc.), a multi-branded portfolio of home furniture.