Art Van Furniture Company Sold

The warren based furniture retailer was founded by art van elslander in detroit in 1959.

Art van furniture company sold.

Elslander died in 2018. Art van furniture will sell itself to a private equity firm after 58 years of ownership by its founder. On march 5 2020 art van furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy. In 2015 patti smith wrote about art van stores as a favorite hang out of hers during the 1970s.

Lee partners thl a private equity firm based in boston. The warren based retailer on wednesday announced a tentative deal to sell to 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. 61 year old art van announced late last week that it s closing 125 of its 169 stores.

Combined for a 7 5 percent. The latest case in point is art van a michigan based furniture chain with big presence in the chicago market. Art van furniture founder art van elslander sold the company about a year before he died in early 2018. Said in a thursday press release that all of its stores.

The 25 largest furniture and bedding retailers in the u s. 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. Art van also operates scott shuptrine interiors retail locations.

In march 2017 the company was purchased by 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.