Statement from Klaussner Furniture Industries, Inc. Regarding Closure

As the result of challenging and unexpected business circumstances impacting our operations, Klaussner Furniture Industries, Inc. and its direct and indirect subsidiaries (“Klaussner” or the “Company”) must unexpectedly wind down the operations.

Klaussner’s lending source has unexpectedly refused to continue to fund the Company’s operations. This outcome was not reasonably foreseeable, but due to these unexpected circumstances, Klaussner can no longer sustain its operations. As a result, Klaussner has made the difficult decision to permanently cease operations and is providing as much notice as possible.

Klaussner anticipates closing all of its facilities entirely, and that process is underway as of today, August 7, 2023.

Klaussner is working to provide information and resources to assist with next steps for displaced employees as it becomes available. This information will be communicated directly to employees via the contact information we have on file.

Any questions should be addressed to these email addresses listed below, which will be monitored and responded to as appropriate:

– Employees: HR@Klaussner.com
– Consumers (Existing Orders): Consumers@Klaussner.com
– Retailers, Reps and Partners: Partners@Klaussner.com
– Media: Media@Klaussner.com

Thank you in advance for your patience as we respond as we will respond to inquiries as quickly as possible in this time of transition.

Sincerely,

Klaussner Furniture Industries, Inc.

Source: Klaussner Furniture Industries, Inc.