Art Van Furniture Company Sold

In 2015 patti smith wrote about art van stores as a favorite hang out of hers during the 1970s.

Art van furniture company sold.

Art van furniture will sell itself to a private equity firm after 58 years of ownership by its founder. Art van furniture founder art van elslander sold the company about a year before he died in early 2018. 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. Combined for a 7 5 percent.

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. Art van also operates scott shuptrine interiors retail locations. Said in a thursday press release that all of its stores.

Elslander died in 2018. In march 2017 the company was purchased by thomas h. 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 25 largest furniture and bedding retailers in the u s.

Lee partners thl a private equity firm based in boston. The current ceo of the company is gary fazio. The latest case in point is art van a michigan based furniture chain with big presence in the chicago market. Art van furniture founded in 1959 in warren mi and operated over 300 stores and outlets in 7 states.

In 2017 the company was sold to boston based thomas h. I would say fusion has done a phenomenal job with colors prints and patterns gail galea art van furniture really good fresh looks.