Market Overview

La-Z-Boy Explores Options For New World Headquarters

As La-Z-Boy (NYSE: LZB) celebrates 85 years of helping people live life comfortably, the company is pleased to announce that it is exploring options to build a new World Headquarters building in Monroe, MI, its hometown since its founding by two young cousins in 1927.  The project, if sited in Monroe, would result in the development of a landmark office campus and would retain the company's approximately 500 headquarters employees in the Monroe community and surrounding area.  Contingent upon approval of state and local incentives, the company is focused on a land purchase agreement with the Sisters of the Monroe-based Immaculate Heart of Mary (IHM) order.  The proposed concept would involve the acquisition and development of a significant tract of land currently on IHM's Monroe campus.

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