Mor Furniture For Less, Inc.
Furnishings Industry Transaction
Mor Furniture For Less, Inc.
Mor Furniture For Less, Inc. was originally formed as The Waterbed Emporium of California, Inc. in 1977 in San Diego, California. Over the years, Mor Furniture For Less, Inc. rolled out full line furniture showrooms offering a huge selection of high quality furniture and bedding at the best value for its’ customers. The Company operated nearly 40 full line retail stores at the time of the transaction. The Company sold a majority ownership interest to Healthcare Group (Hong Kong) Co., Ltd, a public company headquartered in Hong Kong and registered on the Shanghai Stock Exchange, doing business as MLILY USA, which manufactures and distributes sleep products in the form of memory foam mattresses and pillows through retailers, dealers, and online stores in the United States. Mann, Armistead & Epperson, Ltd. served as the exclusive financial advisor to Mor Furniture For Less, Inc.
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