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About Robert Allen Duralee Group

Robert Allen Duralee Group is the result of the merger of Robert Allen Group and Duralee Fabrics. The new entity will include the brands: Robert Allan, Beacon Hill, Robert Allen Contract, Robert Allen @ Home, Robert Allen Furniture, Duralee Fabrics, Duralee Furniture, Duralee Drapery Hardware, Duralee Contract, Duralee Suburban Home and DF Monogram.

Robert Allen Duralee Group Headquarter Location

United States

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Latest Robert Allen Duralee Group News

High-end fabric designer in Hauppauge to lay off 83, state notice says

Feb 27, 2019

The planned cuts come after the Robert Allen Duralee Group filed for bankruptcy earlier this month and put itself up for sale. Updated February 27, 2019 6:00 AM A high-end fabric and home-furnishings company in Hauppauge that is for sale plans to lay off a total of 83 workers, according to a state regulatory notice. The layoff announcements comes after the Robert Allen Duralee Group Inc. filed for Chapter 11 bankruptcy protection earlier this month. The company plans to lay off 78 workers at its Hauppauge location and five in Syosset. It could not be determined how many employees the sites employ because the company didn’t return telephone calls seeking comment. When it filed for bankruptcy, the company said that “multiple parties” have expressed interest in buying it, according to trade newspaper Fabrics & Furnishings International. And the company said it has hired an investment firm to help find a buyer. The Worker Adjustment and Retraining Notification Act, or WARN, notice cites the possible sale of the company and the bankruptcy filing as the reasons for the layoffs. The state notice lists the layoff dates as the week of April 22 and notes a “possible sale” of the company during that time. The layoffs also come almost two years after the company was created by merging fabric and furnishing designer Robert Allen Group Inc. and Duralee Fabrics Ltd., according to the publication The Deal. Each company had financial difficulties before the merger, the publication said. Duralee was founded in 1952 in Manhattan’s Garment District. It moved to Long Island in the 1960s. The Robert Allen Group was owned by private equity firm Altamont Capital Partners, which is based in Palo Alto, California. Those companies are now separate divisions of Robert Allen Duralee Group, which is based in Hauppauge. Under New York’s Worker Adjustment and Retraining Notification Act, private-sector companies with at least 50 full-time employees must file a 90-day notice of a mass layoff or closing. Get the Biz Briefing newsletter! The latest LI business news in your inbox Monday through Friday.

Robert Allen Duralee Group Acquisitions

2 Acquisitions

Robert Allen Duralee Group acquired 2 companies. Their latest acquisition was Robert Allen Group on March 31, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/31/2017

Private Equity

$99M

Merger

1

3/31/2017

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$99M

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10

Date

3/31/2017

3/31/2017

Investment Stage

Private Equity

Companies

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Valuation

$99M

$99M

Total Funding

Note

Merger

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Sources

1

10

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