Olshan Leads Jennifer Furniture in its Sale of Ashley Furniture Division

Furniture│Today reported that Olshan client Jennifer Furniture finalized the sale by its wholly-owned subsidary Hartsdale Convertibles of its Ashley Furniture HomeStores division to Factory Direct Enterprises, an Ashley Furniture HomeStores licensee. Factory Direct operates a dozen of Ashley Furniture stores in the metro New York and New Jersey, which now includes the five acquired five stores from the sale. Bankruptcy partner Michael Fox led the Olshan team that worked on this lengthy complex transaction.