Norwalk Furniture Franchisees Rise From Bankruptcy

Business Journal:

Less than a year ago, Donna Kuldau was one of 23 Norwalk Furniture franchisees facing financial ruin when the company, with no warning, filed for Chapter 7 bankruptcy and closed its doors for good.
norwalk-furniture

Now she is preparing for the Memorial Day weekend grand opening of her new store as part of a fledgling company, Luxe Home Interiors.

Kuldau and 22 of the 57 former Norwalk franchisees from across the country have banded together to create the new furniture company. It is similar to Norwalk in offering custom-order upholstery, but unlike Norwalk’s high-end furniture prices, Luxe will offer different grades and price points that she calls good, better and best to attract a wider range of consumers.

“We’ve had to reinvent ourselves and adjust,” Kuldau said.

Full story.

Photo: James Crichlow.

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