Barcalounger, a brand famous for its reclining chairs and its sister company, contract furniture source American of Martinsville, have filed for Chapter 11. Papers filed cite the economy and a downturn in furniture sales as a reason for the filing. Hancock Park bought Barcalounger in 2005 and purchased American of Martinsville from La-Z-Boy in 2006. The investment firm shut down Barcalounger's factory in Rocky Mount, N.C., about a year ago and moved production to the American of Martinsville plant. That factory was closed without warning on April 16. Barcalounge began making reclining chairs in 1940 and now also supplies chairs for home theaters.
Raymond Loewy Chair for Barcalounger 1966
Presidential Barcalounger
--www.luxist.com
