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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: Sarkie who wrote (831)	11/8/1999 1:07:00 PM
From: Sarkie	Read Replies (1) \| Respond to of 1169

News November 8, 09:04 Eastern Time Furniture Brands International and Home Depot Partner to Sell Kitchen Cabinets Under the Thomasville Name ST. LOUIS, Nov 8, 1999 (BUSINESS WIRE) -- In a partnership that brings together America's largest home furniture manufacturer and the world's largest home improvement retailer, Furniture Brands International Inc. (NYSE: FBN) and Home Depot Inc. (NYSE: HD) jointly announced today that Home Depot will sell quality kitchen cabinets in its stores under the Thomasville brand name. Home Depot expects the new cabinets to arrive in stores beginning mid-2000. Christian J. Pfaff, President and Chief Executive Officer of Thomasville Furniture Industries, Inc., a subsidiary of Furniture Brands International, stated: "This agreement represents a first for us - the first time we have licensed our brand name for use on a product other than furniture. It is a testament to the strength of the Thomasville name that a successful retailer like Home Depot has recognized the ability of the Thomasville brand to attract quality-conscious consumers." "This marriage between Home Depot and Thomasville is a perfect fit," Mr. Pfaff continued. "The high visibility of the Thomasville name together with Home Depot's global scope and its unmatched commitment to marketing are exactly what we need to make this licensing arrangement a tremendous success." W.G. (Mickey) Holliman, Chairman, President and Chief Executive Officer of Furniture Brands International, added: "Home Depot is truly one of the premier retailers in the world today, and we couldn't be happier to be partnered with them in this endeavor. Their commitment to innovation, dedication to customer service, and focus on both sales and earnings growth parallel our strategies at Furniture Brands International. I see tremendous benefits for both of our companies going forward." Pat Farrah, Executive VP Home Depot Merchandising, said, "Thomasville is one of the best known brand names in the furniture industry, and we are proud of this new association with Furniture Brands International. Home Depot has focused its licensing arrangements on only the best brand names with the greatest visibility to consumers. We are confident our customers will find the same craftsmanship and commitment to excellence in the Thomasville cabinets that they have come to expect from their Thomasville furniture." Founded in 1978, Atlanta-based Home Depot is the world's largest home improvement retailer, currently operating over 869 stores in the United States, Canada, Chile and Puerto Rico. Home Depot has been ranked "America's Most Admired Specialty Retailer" by Fortune magazine for six consecutive years. Its stock is publicly traded and is included in both the Dow Jones Industrial Average and the Standard & Poor's 500 Index. Furniture Brands International is America's largest home furniture manufacturer and markets its products under three of the best known brand names in the industry - Broyhill, Lane and Thomasville. The company manufactures furniture across a broad spectrum of price categories and distributes its products through an extensive system of independently-owned national, regional and local retailers. It's stock is also publicly traded and is included in the Standard & Poor's Mid-Cap 400 Index.