Art Van Furniture Company Sold

Said in a thursday press release that all of its stores.

Art van furniture company sold.

61 year old art van announced late last week that it s closing 125 of its 169 stores. 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. Elslander died in 2018. Art van furniture founder art van elslander sold the company about a year before he died in early 2018.

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 furniture founded in 1959 in warren mi and operated over 300 stores and outlets in 7 states. The latest case in point is art van a michigan based furniture chain with big presence in the chicago market. Combined for a 7 5 percent.

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 2015 patti smith wrote about art van stores as a favorite hang out of hers during the 1970s. 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. Art van also operates scott shuptrine interiors retail locations. The 25 largest furniture and bedding retailers in the u s. On march 5 2020 art van furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy.

Louis five area art van furniture stores are closing after the furniture company announced it s going out of business. 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.