Press "Enter" to skip to content

Art Van Furniture stores closing: Midwest retailer to liquidate


Art Van Furniture, the metro Detroit-based company and the Midwest’s top furniture and mattress retailer, announced Thursday it is shutting down and will begin liquidation sales at all of its company-owned stores in Michigan, Illinois, Missouri and Ohio.

The announcement comes just three years after the company’s sale by the Van Elslander family to a private-equity firm.

Boston-based private-equity firm Thomas H. Lee Partners bought a majority stake in Art Van Furniture in early 2017, about a year before the death of company founder Archie Van Elslander at age 87.

“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 spokeswoman, said in a statement.

The liquidation sales will begin Friday, March 6 at all Art Van Furniture, Art Van PureSleep and Scott Shuptrine Interiors in Michigan, Illinois, Ohio, Indiana, and Missouri, as well as select Wolf stores in Maryland and Virginia.





Source link

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *