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Houston-based outdoor furniture retailer The Chair King has joined forces with former Fortunoff executives and a family member. The Chair King purchased controlling interest in Furniture Concepts, which owns licensing rights to the Fortunoff brand for outdoor furniture and seasonal products in the United States and on the Internet.

Isidore Mayrock, a member of the Fortunoff family with 30 years of retail and real estate experience in the Tri-State area, also has invested in the new company and joined the board. David Barish, president of The Chair King, will serve as chairman and president of the new company. Merkur said real estate was easily available for locating six stores in target areas.

Recruiting its best store managers and salespeople to return also was a relatively easy task, given the economy. Having the entire Fortunoff data base is another asset.

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The Fortunoff and Mayrock families operated what became 20 stores in New York, New Jersey and Pennsylvania until selling the business in to two private equity firms. Fortunoff filed for Chapter 11 bankruptcy protection in February , re-emerged when another firm bought it but filed for bankruptcy again last February. Unable to find a buyer, going-out-of-business sales were held last spring.

In July, Fortunoff and Mayrock family members bought back the business name and all its intellectual property. As global supply chains undergo their most significant trans[ Completed transactions that include single-family homes, tow[ Launched in early , Presti AI is reshaping the furniture[ At every stage of sleep and life, this new mattress collecti[ Skip to content.