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On March 10, the Bankruptcy Court ordered that the cases be administratively consolidated under case number 20-10553 (hereinafter the consolidated debtors will be referred to collectively as “Art Van”). On April 7, 2020, the Bankruptcy Court converted the cases to chapter 7.
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 Furniture filing for bankruptcy?
Many of the old Art Van stores were later reborn in late summer and early fall as Loves Furniture, an entirely new company created by a Texas private-equity firm. But Loves encountered a slew of setbacks, including expensive warehouse and logistical problems, and filed for Chapter 11 bankruptcy Jan. 6.
Do I still have to pay Art Van?
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! Doesn’t matter what Art Van does,” Langton says. At some point, the money will go to the court or a trustee of some sort.
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.
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.
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.
What caused Art Van bankruptcy?
He laid out several reasons for the decline in same-store sales that ultimately led to bankruptcy. They include: Competition from online retailers such as Amazon and Wayfair. Increased competition from traditional retailers such as Bob’s Discount Furniture, Ashley HomeStore and Mattress Firm.
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.
Where can I use my old Art Van credit card?
Art Van Signature Cards are backed by Synchrony Financial, the leading finance company also behind US-Mattress Financing Cards. Your existing Art Van Signature cards can now be used to make purchases at US-Mattress. Program details: Present your card in person at US-Mattress stores, or by phone (800-455-1052).
Can I use my Art Van credit card anywhere?
The Synchrony HOME Credit Card is accepted at thousands of locations nationwide and home-related stores online. Everywhere your Synchrony HOME Credit Card is accepted, the 6 month promotional financing offer will automatically be applied to purchases of $299 or more.
Is Art Van honoring 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.
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.
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.
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.
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 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.
Is Art Van only in Michigan?
was an American furniture retail store chain. Founded in 1959, the company was headquartered in Warren, Michigan in Metro Detroit. In 2020, the company closed all its stores and filed for bankruptcy.Art Van Furniture. Type Private Industry Furniture retail Founded Eastpointe, Michigan 1959 Founder Art Van Elslander Defunct March 5, 2020.
Who owns Levin Furniture?
In 1992, the company expanded its operations into the Cleveland, Ohio market. Shortly after, Robert Levin became president of the company. In 2017, Robert Levin retired and Levin Furniture was acquired by Art Van Furniture of Warren, Michigan.
Is Scott Shuptrine still in business?
Three-store Scott Shuptrine will close after liquidation sales, the apparent victim of tough times for high-end furniture merchants. After the sale, the family will look to sell the 31,000-square-foot store in Novi and the 160,000-square-foot showroom and warehouse in Troy, both in the greater Detroit market.
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….
Is Art Van high quality?
They are one of the leading companies in manufacturing high-quality rugs and mattresses for homeowners. 1 mattress and furniture store in America. Art Van has experts scattered all over the world that brings data on modern styles, including regional and traditional styles as well.
