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Art Van is a popular furniture store in the United States
Art Van is a popular furniture store in the United States. The company was founded in 1959 by Art Van Elslander. Art Van started as a single store in East Detroit. The company has grown to over 200 stores in nine states. Art Van is best known for its selection of bedroom furniture, but the company also sells living room furniture, dining room furniture, office furniture, and mattresses. Art Van has been ranked as one of America’s top furniture retailers.
Art Van was founded in 1959
Art Van was founded in 1959 by Art Van Elslander in Warren, Michigan. The company grew rapidly through the 1960s and 1970s, expanding into new markets across the Midwest. By the 1980s, Art Van had become one of the largest furniture retailers in the United States. In 2017, the company was sold to a private equity firm for $550 million.
Art Van is known for its wide selection of furniture
Art Van is known for its wide selection of furniture, but the company is also a popular destination for home decor, rugs, and bedding. If you’re looking for a one-stop shop for all your home furnishing needs, Art Van should be your go-to retailer.
Art Van has locations in many states across the country
Art Van Furniture is an American furniture retail store chain. The company was founded in 1959 by Art Van Elslander and is headquartered in Warren, Michigan. As of 2017, the company operated 100 stores in nine states across the Midwest and Northern United States.
Art Van is a family-owned business
Art Van is a family-owned business that has been in operation for over 50 years. The company was founded by Art Van Elslander in 1963, and today it is one of the leading furniture retailers in the United States. Art Van has over 100 stores in nine states, and it also operates an online store.
Art Van has been sold to a private equity firm
Art Van, the Warren-based furniture and mattress retailer, has been sold to a private equity firm.
The company announced the sale Monday morning, saying it had been sold to Thomas H. Lee Partners, a Boston-based firm.
The sale will mean changes for the company, which has more than 100 stores in eight states. Art Van said it would use the money from the sale to pay down debt and invest in growth.
“We are very excited to be partnering with THL,” Art Van CEO Kim Yost said in a statement. “This is a strong vote of confidence in our company, our team and our brand.”
THL is a leading private equity firm with more than $22 billion in assets under management. The firm has invested in a number of retail companies, including J. Crew and Petsmart.
Art Van is expected to continue operating as usual
Art Van, one of the largest furniture retailers in the United States, has been sold to liquidators holding company, Great American Group. This follows Art Van’s announcement last week that they would be filing for Chapter 11 bankruptcy.
AllArt Van stores are expected to continue operating as usual during the liquidation process. Great American Group plans to sell all of Art Van’s inventory, including furniture, mattresses, home decor, and more.
Art Van’s new owners are committed to growing the company
The new owners of Art Van furniture stores are committed to growing the company, and they say they have no plans to close any of the stores.
The chain was purchased by a group of investors led by private equity firm KKR. The other members of the group are Massachusetts-based mattress retailer Sleepy’s and Texas-based furniture store owner Starwood Capital.
Art Van has been struggling in recent years, and had filed for Chapter 11 bankruptcy protection in March. Under the deal announced Monday, the company will emerge from bankruptcy and be owned by the new investment group.
Art Van has more than 100 stores in seven states, including Michigan, Illinois, Indiana, Ohio, Pennsylvania and Wisconsin. It also has a store in Flushing, Queens.
Art Van is a great place to find affordable furniture
Art Van is a great place to find affordable furniture. The company offers a wide variety of furniture, including bedroom sets, living room sets, dining room sets, and more. Art Van also has a clearance section where you can find deeply discounted items.
Art Van is a trusted source for quality furniture
Art Van has been a trusted source for quality furniture for over 50 years. With stores in Michigan, Ohio, Indiana, and Illinois, Art Van is a family-owned business that provides customers with everything from sofas and chairs to bedroom sets and dining room tables.