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La-Z-Boy sheds two furniture brands to sharpen upholstery focus
La-Z-Boy (NYSE: LZB) announced the sale of its American Drew and Kincaid wholesale casegoods businesses to Banner House, with the transaction expected to close in mid-May 2026. This move allows La-Z-Boy to refocus on its vertically integrated North American upholstery business and advance its Century Vision strategy, while still offering casegoods in its 374 stores. The company anticipates a seamless transition for employees, dealers, and suppliers.