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It said the Hilco team would be led by Mr Topping, formerly chief executive of the furniture retail group Steinhoff in the UK, and Henry Foster, an investment director at Hilco, while Mr McGowan would be chairman of the new business.
BBC: HMV branches sold to Hilco, saving 141 branches
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"We got caught in the fire, " says Mitchell Lieberman, chief executive of One Way Furniture Inc.
WSJ: Sites Retool for Google Effect
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Mr Serdyukov was a furniture store executive and head of the Russian tax service before being appointed defence minister in 2007.
BBC: Russian Defence Minister Anatoly Serdyukov fired by Putin
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Patrick Cranley, a Shanghai public-relations executive and well-known collector of Shanghai Deco furniture.
WSJ: Decorating in Deco
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Grand Street has lost furniture and clothing stores, among others, in the past six years, according to Artineh Havan, executive director of the Grand Street Business Improvement District.
WSJ: East Williamsburg Loses Some of Its Grit