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Is Art Van Gone?
The heirs of Archie Van Elslander have bought back legal rights to the Art Van Furniture name, four years after the family patriarch sold the furniture company to a private-equity firm and nearly a year since the company went bankrupt and began closing all of its nearly 200 stores.
Is Art Van in Warren still open?
Furniture is officially out and an industrial use is in for the former Art Van Furniture headquarters on 14 Mile Road near Van Dyke Avenue in Warren. The Warren property was most recently occupied by Loves Furniture & Mattresses, which filed for reorganization under Chapter 11 bankruptcy in early 2021.
Where is Art Van corporate headquarters?
Warren, MI.
Who bought Art Van 2020?
A Delaware bankruptcy judge approved the roughly $6 million sale of the name to VEC LLC, an investment firm controlled by Gary Van Elslander — the son of the late founder Art Van Elslander — and the family office, on Feb.
Who took over Art Van stores in Michigan?
In May, U.S. Bankruptcy Court approved a $6.9 million deal for a different private-equity firm, Texas-based US Assets Inc., to acquire 17 former leased Art Van stores in Michigan, plus 10 other Art Van and Levin and Wolf locations in other states.
What happens to my art van warranty?
Art Van Furniture warranties to be defunct after company goes out of business. Customers who have a balance on their Art Van credit card are still responsible for paying the bill, Langton said. As the company goes out of business, those payments will eventually be redirected to a court or trustee.
Is art van a person?
Archie “Art” Van Elslander founded Art Van in 1959, opening his first store in East Detroit. Van Elslander’s furniture first business was a 4,000 square-foot space on Gratiot Avenue and 10 Mile Road. He expanded to three stores in that same year, and a fourth store opened in 1960.
What is Art Van Furniture now?
A Dallas-based equity firm acquired 27 former Art Van stores out of bankruptcy with plans to reopen as Loves Furniture. The newly formed company, which will operate 17 locations in the state, will be headquartered Royal Oak, the company said in a press release.
What caused Art Van closing?
Warren — Art Van Furniture, a Metro Detroit institution and one of the largest furniture retailers in the Midwest, will close all of its company-owned stores and liquidate its inventory after struggling with changing furniture-shopping habits and heavy debt following its acquisition by a private equity firm three years Mar 5, 2020.
What furniture stores sell Art Van?
and Love’s Furniture Inc. today announced they have acquired the inventory and assets of 27 former Art Van Furniture, Levin Furniture, and Wolf Furniture stores in five states, 17 of which are in Michigan, according to a deal approved by the U.S. Bankruptcy Court.
Is Levins love now?
Loves Furniture has acquired the inventory and assets of 27 stores under the Art Van Furniture, Levin Furniture and Wolf Furniture brands. The stores, which are located in Michigan, Pennsylvania, Ohio, Illinois, Virginia and Maryland, will be re-branded as Loves Furniture.
Is loves Furniture closing in Michigan?
A lot of factors led to this company filing for bankruptcy. Originally starting with 34 stores in Michigan, Ohio, and Pennsylvania, Loves Furniture is expected to scale down to just one store in Michigan post-Chapter 11, which they filed on Jan. 6.
Is Jeff Love related to Art Van?
Loves Furniture went into business in late summer after a Texas-based private equity firm, US Assets Inc., whose founder and CEO is named Jeff Love, bought 27 shuttered Art Van stores in Michigan, plus 10 other Art Van and Levin and Wolf locations in other states.
How do I get my money back from Art Van?
Some Art Van locations are now open and if you bring in your original receipt you will either get the product you purchased, if it’s available — or you can select a new product of equal value. If you paid with a credit card you should work with the credit card company to dispute the charges.
Is Art Van honoring their warranties?
“The general rule is that warranties likely will not be honored by Art Van,” said Langton. “That warranty is no good unless the manufacturer will assume the damage, if there is such a thing.” Art Van is telling customers with concerns to contact their team at 888-427-8826.
What happened to the Detroit sofa company?
Breaking News: the Detroit Sofa Company is now in select Art Van Furniture stores! Detroit inspired designs, finest American craftsmanship, and shocking value – with 12 styles, 28 body fabrics and 34 accent fabrics.
What was art van famous?
Art Van Elslander (b. 1930 d. 2018) is Founder and Chairman of Art Van Furniture, the Midwest’s largest furniture and mattress retailer. Headquartered in Warren, Michigan, Art Van Furniture is ranked in the top 20 of the leading 100 furniture stores in the United States.
How many Art Van stores are there?
Art Van has a total of 176 stores in nine states, according to its website. Twenty of the stores are franchise locations.
What brands did Art Van carry?
Art Van Furniture is Michigan’s number one mattress retailer. The company carries all major mattress and bedding brands including Kluft, Sealy, Beautyrest, Sleep to Live, Stearns & Foster, Tempur-Pedic, King Koil, ComforPedic, and more.
Did Value City Buy Art Van?
The store, at 8748 W. Saginaw Hwy., was one of six Art Van store properties throughout the state acquired by Value City in June, Chief Marketing Officer Alejandro Alvarez said in an email. The new properties include former Art Van stores in Chesterfield and Clinton townships, Flint, Novi and Traverse City.
Where is Detroit sofa company made?
Shop the Detroit Sofa Company, exclusively at Art Van Furniture stores! Inspired by Detroit, made in the USA, handcrafted superior quality with custom order….
What stores accept Art Van credit card?
Credit Card 4WheelParts. AAMCO. ABC Warehouse. Abt Electronics. AEI Discount Tire. Amazon. America’s Tire. American Eagle Outfitters.