IHDGImperial Home Decor Group
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Bankruptcy Court for the District of Delaware extended the period in which IHDG has the exclusive right to file and advance a plan of reorganization in its Chapter 11 case until Aug.
The Abboud Collection is one of several joint efforts, including the Biltmore Estate Collection and the upcoming Larry Laslo Collection, to come from the Kravet and IHDG alliance that was formed last year to capitalize on growth opportunities at the high end.
IHDG acquired the land more than six years ago as part of a $481,000 deal with Super D Drugs Acquisition Co., led by Stephen LaFrance.
IHDG plans to sell the new line through all of its distribution channels, including mass merchants, paint and wallcovering dealers, home decor stores, specialty shops and interior designers.
IHDG, which was formed through a merger of Borden and Imperial in late 1997, filed for and received Chapter 11 bankruptcy protection last month.
IHDG bought the land four months ago as part of a $532,000 deal with Bob Fewell.
IHDG Pulaski 02 LLC, led by William Walker, purchased the location on Club Manor Drive between Carnahan and Town Center drives from Bob Fewell.
IHDG sells a variety of wallpaper brands, including Imperial, an upper-middle-market retail brand; Sunworthy, a mid-market brand that is distributed mostly to home centers, and Imperial Fine Interiors, a high-end retail and decorator brand.
NEW YORK--The integration of Borden Decorative Products and Imperial Wallcoverings into the Imperial Home Decor Group (IHDG) has created a significant player in the wall coverings industry.
IHDG serves all segments of the residential wall coverings industry and has one of the broadest product offerings in the industry.
IHDG also plans to open a new studio in New York later this year.
"We intend to build on Imperial's modern and highly efficient distribution system and Borden Decorative's impressive manufacturing capabilities," said Jim Toohey, chief executive officer of IHDG.