An Affiliate of Sun Capital Partners Offers to Acquire Substantially All of the Assets of The Rowe Furniture Companies.

BOCA RATON, Fla. -- Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that it has submitted a formal letter of intent whereby it is contemplated that Lexington-Rowe Furniture, Inc., an affiliate of Sun Capital, will be confirmed as the stalking horse bidder to acquire, through a Section 363 Bankruptcy Code sale process, substantially all of the assets of The Rowe Companies, Rowe Furniture, Inc., and certain of other affiliated debtors (collectively referred to as "Rowe Furniture"), but specifically excluding Storehouse, Inc. Rowe Furniture makes custom upholstered sofas, love seats, and chairs in traditional, contemporary, and transitional styles and supplies more than 1,200 retailers, located across the country.

Sun Capital Partners focuses on investment opportunities in companies that demonstrate leadership positions within their industry and strong competitive advantages. Included in Sun Capital's portfolio of 57 affiliated portfolio companies are other furniture industry businesses such as Lexington Home Brands, a leading marketer and manufacturer of upscale branded home furnishings; Wickes Furniture, a leading U.S. furniture retailer with 31 retail locations in four major regional markets; and Mattress Firm, the third largest bedding retailer in the U.S. with approximately 350 stores in 35 markets.

Gerald M. Birnbach, Chairman and CEO of Rowe Furniture states, "We are very pleased with the opportunity to become part of the Sun Capital family and feel that there are great synergies between our companies and our philosophies. To date, we have had very positive meetings between our management teams and feel extremely pleased with our rapid progress in finalizing the details of our agreement."

Jason H. Neimark, Managing Director, Sun Capital Partners, Inc., added, "Rowe Furniture is a leading manufacturer of quality furniture at competitive price points with unique production capabilities that allow the Company to quickly deliver customized orders. We look forward to working with Rowe's management team and its dedicated employees to consummate this transaction and permit Rowe Furniture to emerge from bankruptcy as a financially sound and growing organization focused on its customers."

The Rowe Companies and Rowe Furniture, Inc. filed for protection under Chapter 11 of the United State Bankruptcy Code on September 18, 2006. The proposed sale to an affiliate of Sun Capital Partners is subject to approval by the Bankruptcy Court.

About Rowe Furniture, Inc.

Rowe Furniture is a leading manufacturer of custom upholstered furniture in the United States. Established in 1946, Rowe Furniture offers a wide range of styling in sofas, sectionals, chairs, and ottomans with over six hundred fabric selections. Rowe Furniture is available at major home furnishings retailers and better independent home furnishings retailers across the United States and around the world. The Rowe Furniture brands include Rowe (www.rowefurniture.com) and Robin Bruce (www.robinbruce.com). For more information, please visit www.rowefurniture.com or call 800-334-7693.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 135 companies worldwide with combined sales in excess of $30.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, New York, and Shenzhen and advisory offices in Tokyo and London.

Forward-Looking Statements 

Certain of the statements contained herein should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which reflect the current views of The Rowe Companies, Rowe Furniture, Inc., and Storehouse, Inc. (the "Rowe Affiliates") with respect to current events and financial performance. You can identify these statements by forward-looking words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "could," "should," and "continue" or similar words. These forward-looking statements may also use different phrases. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Rowe Affiliates' operations and business environment which may cause the actual results of the Rowe Affiliates to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Rowe Affiliates to continue as a going concern; the ability of the Rowe Affiliates to obtain and maintain any necessary financing for operations and other purposes, whether debtor-in-possession financing or other financing; the Rowe Affiliates' ability to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted by it from time to time; the ability of the Rowe Affiliates to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 proceedings; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Rowe Affiliates to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to Chapter 7 cases; the ability of the Rowe Affiliates to obtain and maintain normal terms with vendors, suppliers and service providers; the Rowe Affiliates' ability to maintain contracts that are critical to its operations; the potential adverse impact of the Chapter 11 proceedings on the Rowe Affiliates' liquidity or results of operations; the ability of the Rowe Affiliates to operate pursuant to the terms of its financing facilities (particularly the financial covenants); the ability of the Rowe Affiliates to attract, motivate and/or retain key executives and associates; the ability of the Rowe Affiliates to attract and retain customers; economic conditions; labor costs; financing availability and costs; and other risks and uncertainties listed from time to time in the Rowe Affiliates' reports to the SEC. There may be other factors not identified above of which the Rowe Affiliates is not currently aware that may affect matters discussed in the forward-looking statements, and may also cause actual results to differ materially from those discussed. The Rowe Affiliates assume no obligation to update such estimates to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Rowe Affiliates' various pre-petition liabilities, common stock and/or other equity securities. Accordingly, the Rowe Affiliates urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.