La-Z-Boy opens the 100th China store in Beijing
La-Z-Boy opens its 100th China store in Red Star Macalline, the 5th Ring Road North Mall Beijing. The company said the products will be produced primarily at Kuka Home factories in China, but some will come from La-Z-Boy facilities in Thailand and the U.S.
La-Z-Boy opens its 100th China store in Red Star Macalline, the 5th Ring Road North Mall Beijing. In 2012, La-Z-Boy announced plans to open several hundred branded retail stores in mainland China through a partnership with Kuka Home, one of China's biggest upholstery manufacturers and retailers. The stores carry a broad assortment of La-Z-Boy recliners and motion furniture as well as case goods and decorative accessories, according to La-Z-Boy officials.
The company said the products will be produced primarily at Kuka Home factories in China, but some will come from La-Z-Boy facilities in Thailand and the U.S.
"A major objective for us is to grow the La-Z-Boy brand globally, and China represents a significant opportunity for international expansion," said Kurt Darrow, chairman, president and CEO of La-Z-Boy in 2012, "Our model has always been based on strong relationships with local companies, and with Kuka Home's highly regarded reputation in the marketplace, we're very pleased they are our partners in China."
Kuka has more than 1,600 stores in China. Its factories also produce leather upholstery and casual dining furniture that is sold to retail stores in the U.S. and several other countries. On May 5, the company just debuts the prospectus and plans to go public very soon.