Friday, Dec 09, 2016
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Retail

La-Z-Boy to purchase 9 Furniture Galleries

MONROE, Mich. -- La-Z-Boy Inc. said Tuesday that it plans to buy nine La-Z-Boy Furniture Galleries stores and a distribution center in Ohio from their current owners.

The company said the transaction was the result of the planned retirements of two owners.

The stores -- four in Cincinnati, three in Columbus, and two in Dayton -- had a combined revenue of about $30 million in 2011, the company said.

The stores will become part of La-Z-Boy's retail operation and bring the total of company-owned stores to 94.

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