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BUSINESS
January 1, 1992 | CARLA LAZZARESCHI, TIMES STAFF WRITER
After struggling unsuccessfully to become large enough to survive in the competitive furniture business, Stor Furnishings International called it quits Tuesday, agreeing to be taken over by archrival Ikea. The deal, expected to become final within six weeks, was valued at more than $20 million. With the takeover, Ikea, the world's largest furnisher retailer with 100 outlets and $3.
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BUSINESS
February 15, 1992 | From Times Staff and Wire Reports
Ikea Completes Acquisition of Stor: The merger of the two low-cost furnishings chains became final with the tender of 98.9% of Stor's shares for $3.10 each to Ikea, the Swedish retailing giant. Stor, based in the City of Industry, is now a wholly owned subsidiary of Ikea Holding U.S. Inc.
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BUSINESS
November 14, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Retailers across the nation are crying into their cash registers and predicting the bluest of Christmases. But for officials of the new Ikea furniture store in Burbank, one of the biggest worries has been keeping enough lingonberries and Swedish meatballs in stock to feed the crowd that hit the Scandinavian retailer's first store west of the Mississippi. And unsnarling parking jams.
BUSINESS
January 1, 1992 | CARLA LAZZARESCHI, TIMES STAFF WRITER
After struggling unsuccessfully to become large enough to survive in the competitive furniture business, Stor Furnishings International called it quits Tuesday, agreeing to be taken over by archrival Ikea. The deal, expected to become final within six weeks, was valued at more than $20 million. With the takeover, Ikea, the world's largest furnisher retailer with 100 outlets and $3.
BUSINESS
November 3, 1989 | BRUCE HOROVITZ, TIMES STAFF WRITER
A new ad agency is in store for Stor. The contemporary furniture chain Thursday handed its estimated $5-million ad business to the Los Angeles office of Ketchum Advertising. Since Stor opened its first outlet three years ago, its only agency has been Gumpertz/Bentley/Fried of Los Angeles. "We felt it was time to reposition the company," said Jim Stadtlander, president of the City of Industry-based chain.
BUSINESS
February 15, 1992 | From Times Staff and Wire Reports
Ikea Completes Acquisition of Stor: The merger of the two low-cost furnishings chains became final with the tender of 98.9% of Stor's shares for $3.10 each to Ikea, the Swedish retailing giant. Stor, based in the City of Industry, is now a wholly owned subsidiary of Ikea Holding U.S. Inc.
BUSINESS
November 6, 1990 | STUART SILVERSTEIN
Richard F. Clayton, vice chairman and chief operating officer of the Broadway-Southern California department stores, will become chairman and chief executive of Stor Furnishings International, effective Nov. 12. Clayton, 49, will succeed Harvey G. Knell, 45, who has served as Stor's chairman and chief executive since the home furnishings chain opened in 1986.
BUSINESS
November 14, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Retailers across the nation are crying into their cash registers and predicting the bluest of Christmases. But for officials of the new Ikea furniture store in Burbank, one of the biggest worries has been keeping enough lingonberries and Swedish meatballs in stock to feed the crowd that hit the Scandinavian retailer's first store west of the Mississippi. And unsnarling parking jams.
BUSINESS
November 6, 1990 | STUART SILVERSTEIN
Richard F. Clayton, vice chairman and chief operating officer of the Broadway-Southern California department stores, will become chairman and chief executive of Stor Furnishings International, effective Nov. 12. Clayton, 49, will succeed Harvey G. Knell, 45, who has served as Stor's chairman and chief executive since the home furnishings chain opened in 1986.
BUSINESS
November 3, 1989 | BRUCE HOROVITZ, TIMES STAFF WRITER
A new ad agency is in store for Stor. The contemporary furniture chain Thursday handed its estimated $5-million ad business to the Los Angeles office of Ketchum Advertising. Since Stor opened its first outlet three years ago, its only agency has been Gumpertz/Bentley/Fried of Los Angeles. "We felt it was time to reposition the company," said Jim Stadtlander, president of the City of Industry-based chain.
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