Art Van Furniture Company Sold

The 25 largest furniture and bedding retailers in the u s.

Art van furniture company sold.

Art van furniture will sell itself to a private equity firm after 58 years of ownership by its founder. The current ceo of the company is gary fazio. In 2017 the company was sold to boston based thomas h. Combined for a 7 5 percent.

I would say fusion has done a phenomenal job with colors prints and patterns gail galea art van furniture really good fresh looks. Art van also operates scott shuptrine interiors retail locations. Art van s approximately 44 levin furniture and wolf furniture stores which the company acquired in 2017 will be sold back to former owner robert levin pending court approval the company said in. The warren based retailer on wednesday announced a tentative deal to sell to thomas h.

Art van furniture founded in 1959 in warren mi and operated over 300 stores and outlets in 7 states. Louis five area art van furniture stores are closing after the furniture company announced it s going out of business. Loves furniture a newly formed royal oak based company has purchased the assets of 27 art van stores and will reopen under the new company name in michigan and five other states. The latest case in point is art van a michigan based furniture chain with big presence in the chicago market.

In 2015 patti smith wrote about art van stores as a favorite hang out of hers during the 1970s. 61 year old art van announced late last week that it s closing 125 of its 169 stores. On march 5 2020 art van furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy. The warren based furniture retailer was founded by art van elslander in detroit in 1959.

Lee partners thl a private equity firm based in boston. In march 2017 the company was purchased by thomas h.