Hooker Furnishings sells Pulaski and Samuel Lawrence brands to Magnussen for $4.8 million

HOOKER FURNISHINGS Corp

Estimated purchase price of approximately $4.8 million for Pulaski Furniture and Samuel Lawrence casegoods brands.
Company will shed about $4.8 million in Home Meridian showroom lease liabilities assumed by Magnussen.
Transaction expected to close by mid-December 2025; 10% holdback for 210 days for indemnification.
Company expects $5 to $6 million in non-cash impairment charges related to HMI intangibles and fixed assets.
CEO Jeremy Hoff says sale streamlines portfolio, sharpens focus on brands with consistent earnings.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.