A ‘Big 5’ home furnishments company is planning to sell off its home furnishins as it fights to recover from Covid19, a coronavirus epidemic that has killed nearly 100,000 people in the United States and Europe.
In a statement, Covid Inc. said it was working with “a number of potential buyers” to determine the best way to sell its “largest home furnishin…and a significant percentage” of its home services, which include interior design, home renovation and home maintenance.
“Our current home furnishing inventory is at the lowest levels in the industry, and we believe the market is ripe for the picking, given the current health and safety landscape in the U.S.,” said David Tullis, senior vice president and chief marketing officer at Covid.
Covid, which has about 2,000 employees, is based in the California-Nevada state capital, Carson City.
It said it would sell its home service business, including carpentry, plumbing, heating and air conditioning, as well as its home furnings and other home products.
The sale of some of its own services is also expected, including the home furnishers, the statement said.
The company said it expects to announce further details about the sale at the end of the year.