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Home Interiors & Gifts Inc., which sells decorating accessories through home parties, has filed for bankruptcy protection and says it will restructure under a turnaround expert. The company said it filed Tuesday for Chapter 11 bankruptcy protection in Dallas but is remaining in business. The company said it expects to continue paying employees and 100,000 sales consultants with court approval. It hired a chief restructuring officer, Richard Lindenmuth. Its largest unsecured creditors include UPS Inc., owed $2 million, and FedEx Corp. and hotel operator Gaylord Entertainment Co., each owed $1.4 million. Parties related to Highland Capital Management LP own a majority of the company's stock and more than 75 percent of its secured debt, according to court filings.

Tags: home interiors, home, interiors, decor, bankruptcy on 2008-04-30 -All Annotations (0) -About

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Leading Victorian designers, Scott Walker and Robert Backhouse from Hassell, were announced the winners of the coveted Best of State Award for Residential Interior Design during the prestigious 2008 Interior Design Awards gala presentation held on Friday 11th April, 2008 at the Hilton Hotel Sydney. Victoria dominated the Residential Interior Design award category, with Walker and Backhouse also receiving top industry accolades as winners of the national Residential Interior Design award for the same project – the ‘Ross Street Residence’. In addition, all highly commended projects for the Residential Interior Design Category were by Victorian practices – an unprecedented outcome in the programme’s 5 year history. ‘Ross Street Residence’, designed by Hassell, was praised by the Interior Design Awards Jury as being, “A finely crafted, elegant interior that blurs at the edges where it connects with its enclosing architecture and meets its external surroundings. The wonderful sculptural nature of the internal spaces is extended and enlivened by an abundance of natural light. The absence of conventional domestic spatial paradigms and the considered use of materials and finishes complete the composition, ensuring that this family home will bring enjoyment to all who visit and dwell within it, a sentiment that has been wholeheartedly confirmed by the client.”

Tags: interior design, victorian, design, award, residential, decor on 2008-04-17 -All Annotations (0) -About

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