Wed.Aug 30, 2023

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National Furniture Chain Mitchell Gold + Bob Williams Folds Under Financial Pressures

Retail TouchPoints

In a notice to employees, interim CEO Chris Moye cited weak sales and unexpected trouble securing financing as the reason for the closure. High-end furniture retailer Mitchell Gold + Bob Williams has abruptly shut down and laid off more than 500 employees in North Carolina, multiple sources report. according to the Taylorsville Times.

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Furniture maker Mitchell Gold + Bob Williams shuts down over inability to secure ‘critical financing’

RetailDive

The company, which was acquired by private equity firm The Stephens Group in 2014, is closing despite a recent $20 million investment by the firm.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

Key takeaways: Why every successful business relies on financial forecasting 🔑 Cash management strategies you need to get a competitive edge 💰 How financial forecasting unlocks financing opportunities and long-term success 📈 You won't want to miss this event! Register today!