EXHIBIT 99.2

                         NOTICE OF GUARANTEED DELIVERY
                                      FOR
                   10 7/8% SENIOR SUBORDINATED NOTES DUE 2006
                                       OF
                    LIFESTYLE FURNISHINGS INTERNATIONAL LTD.
 
    As set forth in the Prospectus dated , 1996 (the "Prospectus"), of LIFESTYLE
FURNISHINGS INTERNATIONAL LTD. (the "Company") and in the accompanying Letter of
Transmittal and instructions thereto (the "Letter of Transmittal"), this form or
one substantially equivalent hereto must be used to accept the Company's
Exchange Offer (the "Exchange Offer") to exchange all of its outstanding 10 7/8%
Senior Subordinated Notes due 2006 (the "Old Notes") for is 10 7/8% Senior
Subordinated Notes due 2006, which have been registered under the Securities Act
of 1933, as amended, if certificates for the Old Notes are not immediately
available or if the Old Notes, the Letter of Transmittal or any other documents
required thereby cannot be delivered to the Exchange Agent, or the procedure for
book-entry transfer cannot be completed, prior to 5:00 P.M., New York City time,
on the Expiration Date (as defined in the Prospectus). This form may be
delivered by an Eligible Institution by hand or transmitted by facsimile
transmission, overnight courier or mail to the Exchange Agent as set forth
below. Capitalized terms used but not defined herein have the meaning given to
them in the Prospectus.
 
THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON
               , 1996, UNLESS THE OFFER IS EXTENDED (THE "EXPIRATION DATE").
TENDERS OF OLD NOTES MAY BE WITHDRAWN AT ANY TIME PRIOR TO 5:00 P.M. ON THE
BUSINESS DAY PRIOR TO THE EXPIRATION DATE.
 
           To: IBJ Schroder Bank & Trust Company, the Exchange Agent
 

                                            
By Registered or Certified Mail:               By Hand or Overnight Courier:
 
IBJ Schroder Bank & Trust Company              IBJ Schroder Bank & Trust Company
P.O. Box 84                                    One State Street
Bowling Green Station                          New York, New York 10004
New York, New York 10274-0084                  Attention: Securities Processing Window,
Attention: Reorganization Operations           Subcellar One (SC-1)
Department

 
                                 By Facsimile:
                                 (212) 858-2611
                             Confirm by telephone:
                                 (212) 858-2103
     (Originals of all documents sent by facsimile should be sent promptly
       by registered or certified mail, by hand, or by overnight courier)
 
    For Information by Telephone: (212) 858-2103
 
    DELIVERY OF THIS INSTRUMENT TO AN ADDRESS, OR TRANSMISSION OF INSTRUCTIONS
VIA A FACSIMILE, OTHER THAN AS SET FORTH ABOVE, DOES NOT CONSTITUTE A VALID
DELIVERY.
 
    This form is not to be used to guarantee signatures. If a signature on the
Letter of Transmittal to be used to tender Old Notes is required to be
guaranteed by an "Eligible Institution" under the instructions thereto, such
signature guarantee must appear in the applicable space provided in the Letter
of Transmittal.

Ladies and Gentlemen:
 
    The undersigned hereby tenders to LIFESTYLE FURNISHINGS INTERNATIONAL LTD.,
a Delaware corporation (the "Company"), upon the terms and subject to the
conditions set forth in the Prospectus and the Letter of Transmittal (which
together constitute the "Exchange Offer"), receipt of which is hereby
acknowledged,        Old Notes pursuant to the guaranteed delivery procedures
set forth in Instruction 1 of the Letter of Transmittal.
 
    The undersigned understands that tenders of Old Notes will be accepted only
in principal amounts that are integral multiples of $1,000. The undersigned
understands that tenders of Old Notes pursuant to the Exchange Offer may not be
withdrawn after 5:00 p.m., New York City time on the business day prior to the
Expiration Date. Tenders of Old Notes may also be withdrawn if the Exchange
Offer is terminated without any Old Notes being purchased thereunder or as
otherwise provided in the Prospectus.
 
    All authority herein conferred or agreed to be conferred by this Notice of
Guaranteed Delivery shall survive the death, incapacity or dissolution of the
undersigned and every obligation of the undersigned under this Notice of
Guaranteed Delivery shall be binding upon the heirs, personal representatives,
executors, administrators, successors, assigns, trustees in bankruptcy and other
legal representatives of the undersigned.

            NOTE: SIGNATURES MUST BE PROVIDED WHERE INDICATED BELOW.
 

                                          
Certificate No(s). for Old Notes (if         Name(s) of Record Holder(s)
available)
............................................  ...........................................
............................................  ...........................................
                                                        PLEASE PRINT OR TYPE
Principal Amount of Old Notes                Address....................................
............................................  ...........................................
                                             Area Code and Tel. No......................
                                             Signature(s)...............................
                                             ...........................................
                                             Dated:.....................................
                                             If Old Notes will be delivered by
                                             book-entry transfer at the Depository Trust
                                             Company, Depository Account No:............

 
    This Notice of Guaranteed Delivery must be signed by the registered
holder(s) of Old Notes exactly as its (their) name(s) appear on certificates for
Old Notes or on a security position listing as the owner of Old Notes, or by
person(s) authorized to become registered holder(s) by endorsements and
documents transmitted with this Notice of Guaranteed Delivery. If signature is
by a trustee, executor, administrator, guardian, attorney-in-fact, officer or
other person acting in a fiduciary or representative capacity, such person must
provide the following information.
 
                      Please print name(s) and address(es)
 
Name(s):  ......................................................................
 
          ......................................................................
 
Capacity:  .....................................................................
 
Address(es):....................................................................
                                       .
 
                                   GUARANTEE
                    (NOT TO BE USED FOR SIGNATURE GUARANTEE)
 
    The undersigned, a member or participant in the Securities Transfer Agents
Medallion Program, the New York Stock Exchange Medallion Signature Program, the
Stock Exchange Medallion Program, or an "eligible guarantor institution" within
the meaning of Rule 17Ad-15 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), hereby (a) represents that the above named
person(s) "own(s)" the Old Notes tendered hereby within the meaning of Rule
14e-4 under the Exchange Act, (b) represents that such tender of Old Notes
complies with Rule 14e under the Exchange Act and (c) guarantees that delivery
to the Exchange Agent of certificates for the Old Notes tendered hereby, in
proper form for transfer (or confirmation of the book-entry transfer of such Old
Notes into the Exchange Agent's Account at the Depository Trust Company,
pursuant to the procedures for book-entry transfer set forth in the Prospectus),
with delivery of a properly completed and duly executed Letter of Transmittal
(or manually signed facsimile thereof) with any required signatures and any
other required documents, will be received by the Exchange Agent at one of its
addresses set forth above within five business days after the Expiration Date.
 
    THE UNDERSIGNED ACKNOWLEDGES THAT IT MUST DELIVER THE LETTER OF TRANSMITTAL
AND OLD NOTES TENDERED HEREBY TO THE EXCHANGE AGENT WITHIN THE TIME PERIOD SET
FORTH AND THAT FAILURE TO DO SO COULD RESULT IN FINANCIAL LOSS TO THE
UNDERSIGNED.

 

                                          
Name of Firm...............................  ...........................................
                                                        AUTHORIZED SIGNATURE
Address....................................  Name.......................................
                                                        PLEASE PRINT OR TYPE
............................................  Title......................................
                                   Zip Code
Area Code and Tel. No......................  Date.......................................
Dated:.............................. , 1996  ...........................................

 
NOTE: DO NOT SEND OLD NOTES WITH THIS FORM; OLD NOTES SHOULD BE SENT WITH YOUR
      LETTER OF TRANSMITTAL SO THAT THEY ARE RECEIVED BY THE EXCHANGE AGENT
      WITHIN FIVE BUSINESS DAYS AFTER THE EXPIRATION DATE.
 
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