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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.
What happened to Art Van Furniture stores?
At the time (mid 2017), the company was riding high: It was immensely profitable, growing fast, entering new markets, and looked poised to double its growth and cement its standing as a regional powerhouse in the furniture industry. Last week, the company announced it is closing its doors forever.
Are Art Van franchise stores closing?
“Despite our best efforts to remain open, the Company’s brands and operating performance have been hit hard by a challenging retail environment,” Diane Charles, Art Van Furniture spokesperson, said in a press release. Mar 5, 2020.
Can you still buy Art Van Furniture?
They look forward to having the Art Van Furniture name back in the family, where it belongs.” The last remaining Art Van Furniture stores closed last year with everything-must-go sales that were put on by American Signature, the parent company of Value City Furniture.
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 the Art Van liquidation sale?
Art Van was based in Warren. Area stores are located at 2300 Telegraph Road in Bloomfield Hills, 15701 Market Drive in Dearborn, and 6500 E. 14 Mile Road in Warren. The Grand Rapids location is at 4375 28th St.
Is Art Van in Flint closing?
Art Van Furniture has announced that it will be closing all of its stores, including locations in Flint and Burton. “Despite our best efforts to remain open, the Company’s brands and operating performance have been hit hard by a challenging retail environment,” said Diane Charles, Art Van Furniture spokesperson.
Is Art Van Furniture coming back?
Art Van’s furniture stores are no more, but the family has bought back the brand name out of the bankruptcy of the company to which it had sold the chain. The Van Elslander family successfully acquired the Art Van Furniture name out of bankruptcy this month.
Is Art Van still alive?
Archie A. Van Elslander, who founded Michigan-based Art Van Furniture and donated millions of dollars to causes he championed, died early Monday from complications related to lung cancer.
What will happen to my Art Van credit card?
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. Some customers might not ever see furniture they ordered.
What Furniture Brands did Art Van carry?
Founded by Art Van Elslander and based in Warren, MI, Art Van Furniture opened in 1959. This company offers everything from home and office products to bedding and mattresses. The retailer often has deals on brands like Ashley Furniture, La-Z-Boy, and Detroit Sofa Company.
Did Value City Furniture go out of business?
NEW YORK, Oct 27 (Reuters) – Value City Department Stores has filed for Chapter 11 bankruptcy and will liquidate its remaining 66 stores, citing a slide in consumer spending and tougher credit markets. Value City first opened in Columbus, Ohio, in 1917.
Who founded Art Van Furniture?
Archie Van Elslander, the founder of Art Van Furniture, has died at age 87. Company spokeswoman Diane Charles said Van Elslander, known as Art Van, had cancer.
What happened to Detroit mattress company?
In January, founder Art Van Elslander announced he would sell the chain to Boston-based Thomas H. Lee Partners LP for an undisclosed price.
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….
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.
Can I still use my Art Van credit card?
If you’ve got a balance on your Art Van credit card, you still have to pay. “If you just bought furniture from Art Van and you’re on a payment plan, for example, pay those bills! You have to. Doesn’t matter what Art Van does,” Langton says.
Is Art Van in Lansing still open?
The Warren-based company announced Thursday that it is closing all of its approximately 190 locations and running liquidation sales.
What is the quality of Art Van Furniture?
Tip: Affordable, original art can be found at local galleries, collectives and art schools; call to ask about art sales. We’ll leave the mattress/box spring sales pitch to those who do the pitching. Just understand: It is perhaps the most important piece of furniture you buy.
When did art van open?
1959, Eastpointe, MI.
How much did Art Van’s house sell for?
It eventually sold for $3.75 million. It sits on 3.75 manicured acres that include a long brick driveway, lavish landscaping, the outdoor swimming pool, decorative pools, fountains, a tennis court, a basketball court, a putting green and sand traps.
How much is the Art Van family worth?
Warren, Michigan, U.S. US$ 1.4 Billion (2018 est.).
Who is the owner of Loves furniture?
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.
Is pure sleep going out of business?
The operator of Art Van Furniture, PureSleep and a few other furniture and mattress store brands has filed for bankruptcy to close most of its locations.
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.
