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Bassett Announces Board Appointment

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Bassett Furniture Industries (NASDAQ:BSET) has appointed James E. Goergen to its Board of Directors, effective July 22, 2025. Goergen brings significant expertise as a former CEO and CFO with extensive experience in interior design, sourcing, and technology sectors.

Goergen's background includes over 20 years of C-Level experience in commercial and residential furniture companies, with particular focus on high-end commercial and luxury residential design firms. His expertise spans mergers and acquisitions, private equity, global sourcing, and strategic planning.

Bassett operates through 87 company- and licensee-owned stores and maintains a wholesale business serving over 1,000 open market accounts. The company generates approximately 60% of its sales through its retail network, which offers custom furniture design, in-home design visits, and decorating accessories.

Bassett Furniture Industries (NASDAQ:BSET) ha nominato James E. Goergen nel suo Consiglio di Amministrazione, con effetto dal 22 luglio 2025. Goergen apporta una significativa esperienza come ex CEO e CFO, con un ampio background nei settori del design d'interni, approvvigionamento e tecnologia.

Il percorso professionale di Goergen comprende oltre 20 anni di esperienza a livello dirigenziale in aziende di mobili commerciali e residenziali, con particolare attenzione a società di design di lusso per il settore commerciale e residenziale. La sua competenza include fusioni e acquisizioni, private equity, approvvigionamento globale e pianificazione strategica.

Bassett opera attraverso 87 negozi di proprietà e in licenza e gestisce un'attività all'ingrosso che serve oltre 1.000 clienti del mercato aperto. La società realizza circa il 60% delle vendite tramite la sua rete di vendita al dettaglio, che offre design di mobili su misura, visite di progettazione a domicilio e accessori per la decorazione.

Bassett Furniture Industries (NASDAQ:BSET) ha nombrado a James E. Goergen en su Junta Directiva, con efecto a partir del 22 de julio de 2025. Goergen aporta una amplia experiencia como ex CEO y CFO, con un profundo conocimiento en los sectores de diseño de interiores, abastecimiento y tecnología.

El historial de Goergen incluye más de 20 años de experiencia a nivel ejecutivo en empresas de muebles comerciales y residenciales, con un enfoque especial en firmas de diseño de lujo para el sector comercial y residencial. Su experiencia abarca fusiones y adquisiciones, capital privado, abastecimiento global y planificación estratégica.

Bassett opera a través de 87 tiendas propias y con licencia y mantiene un negocio mayorista que atiende a más de 1,000 cuentas de mercado abierto. La compañía genera aproximadamente el 60% de sus ventas a través de su red minorista, que ofrece diseño de muebles personalizados, visitas de diseño en el hogar y accesorios para la decoración.

Bassett Furniture Industries (NASDAQ:BSET)는 2025년 7월 22일부터 제임스 E. 고어겐을 이사회 멤버로 임명했습니다. 고어겐은 전 CEO 및 CFO로서 인테리어 디자인, 소싱, 기술 분야에서 풍부한 경험을 보유하고 있습니다.

고어겐은 상업용 및 주거용 가구 회사에서 20년 이상의 최고경영진 경험을 가지고 있으며, 특히 고급 상업용 및 고급 주거 디자인 회사에 중점을 두고 있습니다. 그의 전문 분야는 인수합병, 사모펀드, 글로벌 소싱, 전략 기획에 걸쳐 있습니다.

Bassett는 87개의 직영 및 라이선스 매장을 운영하며, 1,000개 이상의 오픈 마켓 계정에 도매 비즈니스를 제공합니다. 회사 매출의 약 60%는 맞춤 가구 디자인, 가정 방문 디자인 서비스, 장식 액세서리를 제공하는 소매 네트워크를 통해 발생합니다.

Bassett Furniture Industries (NASDAQ:BSET) a nommé James E. Goergen à son conseil d'administration, à compter du 22 juillet 2025. Goergen apporte une expertise considérable en tant qu'ancien PDG et directeur financier, avec une vaste expérience dans les secteurs du design d'intérieur, de l'approvisionnement et de la technologie.

Le parcours de Goergen inclut plus de 20 ans d'expérience au niveau de la direction dans des entreprises de mobilier commercial et résidentiel, avec un accent particulier sur les entreprises de design haut de gamme pour les secteurs commercial et résidentiel de luxe. Son expertise couvre les fusions et acquisitions, le capital-investissement, l'approvisionnement mondial et la planification stratégique.

Bassett exploite 87 magasins détenus par l'entreprise et sous licence et maintient une activité de gros desservant plus de 1 000 comptes de marché ouvert. L'entreprise génère environ 60 % de ses ventes via son réseau de détail, qui propose la conception de meubles sur mesure, des visites de design à domicile et des accessoires de décoration.

Bassett Furniture Industries (NASDAQ:BSET) hat James E. Goergen mit Wirkung zum 22. Juli 2025 in den Vorstand berufen. Goergen bringt umfangreiche Erfahrung als ehemaliger CEO und CFO mit, insbesondere in den Bereichen Inneneinrichtung, Beschaffung und Technologie.

Goergens Hintergrund umfasst über 20 Jahre Erfahrung auf C-Level in Unternehmen der gewerblichen und privaten Möbelbranche, mit besonderem Fokus auf hochwertige gewerbliche und luxuriöse Wohnraumdesignfirmen. Seine Expertise erstreckt sich über Fusionen und Übernahmen, Private Equity, globale Beschaffung und strategische Planung.

Bassett betreibt 87 eigene und lizenzierte Geschäfte und unterhält einen Großhandelsbetrieb, der über 1.000 offene Markt-Konten bedient. Das Unternehmen erzielt etwa 60 % seines Umsatzes über sein Einzelhandelsnetzwerk, das maßgeschneiderte Möbelgestaltung, Hausbesuche für Designberatung und Dekorationszubehör anbietet.

Positive
  • Addition of experienced C-level executive with relevant industry expertise to the Board
  • Strategic enhancement of leadership team with expertise in M&A, private equity, and global sourcing
  • Strong retail presence with 87 stores and 1,000+ open market accounts
Negative
  • None.

BASSETT, Va., July 22, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (BSET) announced that on July 16, 2025, James E. Goergen was elected a member of its Board of Directors beginning on July 22, 2025. “We welcome Jim Goergen to the Bassett Board of Directors,” said Rob Spilman, Chairman and CEO. “We are excited to have someone with his industry experience and track record to join the Bassett board. Jim’s background as a CEO and CFO with years of experience in the interior design, sourcing and technology fields will be a tremendous additive to our strategic planning and operational execution as we move forward.”

After receiving his undergraduate degree in Finance and Economics from the University of Southern Indiana, Mr. Goergen embarked on a career as a certified financial analyst and industry executive gaining decades of experience in mergers and acquisitions, private equity, global sourcing and strategic planning. He has more than 20 years of C-Level experience with commercial and residential furniture companies, most recently focused on leading high-end commercial and luxury residential design firms.  

About Bassett Furniture Industries, Inc.
Bassett Furniture Industries, Inc. (NASDAQ: BSET) is a leading provider of high-quality home furnishings with a wide range of distribution types. Bassett sales approximately 60% of its products through its network of 87 company- and licensee-owned stores which feature the latest on-trend furniture styles, the Company’s capabilities in custom furniture design and manufacturing, free in-home design visits, and coordinated decorating accessories in a professional and friendly environment. Bassett also has a significant traditional wholesale business with more than 1,000 open market accounts. Most of the open market sales are through Bassett Design Centers and Bassett Custom Studios which function as a store within a multi-line store featuring the Company’s custom furniture capabilities. The wholesale business, including the Lane Venture outdoor brand, also services general furniture stores and a growing number of interior design firms. Bassett products are also directly available to consumers at www.bassettfurniture.com. (BSET-E)

J. Michael Daniel, Senior Vice President and Chief Financial Officer
(276) 629-6614 - Investors

Peter D. Morrison, Vice President of Communications
(276) 629-6387 – Media


FAQ

Who is James E. Goergen and what is his role at Bassett Furniture (NASDAQ:BSET)?

James E. Goergen was appointed to Bassett Furniture's Board of Directors effective July 22, 2025. He brings over 20 years of C-Level experience in commercial and residential furniture companies.

What experience does James Goergen bring to Bassett Furniture's board?

Goergen brings extensive experience as a CEO and CFO, with expertise in mergers and acquisitions, private equity, global sourcing, and strategic planning, particularly in interior design and technology fields.

How many stores does Bassett Furniture (BSET) currently operate?

Bassett Furniture operates 87 company- and licensee-owned stores and serves over 1,000 open market accounts through its wholesale business.

What percentage of Bassett Furniture's sales come from their retail stores?

Approximately 60% of Bassett's sales come through their network of company- and licensee-owned stores.

When did James Goergen join Bassett Furniture's Board of Directors?

James Goergen was elected to the Board on July 16, 2025, with his term beginning on July 22, 2025.
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Furnishings, Fixtures & Appliances
Wood Household Furniture, (no Upholstered)
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United States
BASSETT