Is Art Van going out of business?
Stores are expected to close in the next 60 days. Liquidation plans were announced Thursday morning for all company-owned Art Van Furniture, Art Van PureSleep, and Scott Shuptrine Interiors in Michigan, Illinois, Ohio, Indiana, and Missouri, a company news release said. Eight Wolf Furniture stores in Maryland and Virginia will also be liquidated.
Is Art Van Furniture closing stores in Michigan?
Art Van Furniture hasn't given any directive yet about where customers can inquire about their warranties. The news of the closure is a big blow to not only Michigan but also the Midwest. As of March 4, 2020, there are 141 stores in Michigan, Ohio, Illinois, Indiana, Iowa, and Missouri.
When does Art Van Furniture liquidation start?
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, and select Wolf stores in Maryland and Virginia.
What's going on with Art Van Furniture warranty?
(FOX 2) - Art Van Furniture announced Thursday it's going out of business, closing all of its company-owned stores and beginning the liquidation process. Art Van Furniture is a staple in Michigan with thousands of employees and customers. If you've been a recent customer, you're probably wondering what's going on with your warranty or your bill.
Can I still buy furniture from Art Van?
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.
Is Art Van still around?
NEW! It's been two years since Art Van Furniture collapsed and held “going out of business” sales at its 200 stores. Now, a bankruptcy trustee is seeking to recoup millions from the founding family who sold the Michigan-based furniture retail chain in 2017.
What is the new name for Art Van Furniture?
In May 2020, 24 Art Van stores and three Wolf stores were acquired by Texas-based private equity firm U.S. Assets, and reopened later that year under the name Loves Furniture & Mattresses.
Are all Art Van locations closing?
Art Van Furniture announced Thursday that it will close all of its locations across the Midwest and begin liquidation sales on Friday.
Is Art Van still honoring warranties?
Art Van Furniture warranties to be defunct after company goes out of business. Published: Mar.
How many Art Van locations are there?
This is the main headquarters of Art Van Furniture - with over 125+ stores and 60 years in business, we're the Midwest's #1 furniture & mattress retailer.
What brands did Art Van Furniture sell?
Art Van Furniture Company Information The retailer often has deals on brands like Ashley Furniture, La-Z-Boy, and Detroit Sofa Company.
Who bought the Art Van mansion?
The buyers of the home are listed as James and Patricia Anderson. Grand Estates Auction Co., the Charlotte, N.C., firm that handled the auction of the home, announced on its website it had been sold in October but didn't include details. Before the auction, a company official said 30 people had viewed the property.
Is the Detroit sofa company still in business?
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 went wrong with Art Van?
The sale-leasebacks saddled Art Van Furniture with new rent expenses — on top of a debt load from the deal — that, according to the lawsuit, immediately doomed the company and would prove unsustainable. Company founder Art Van Elslander was still alive when the sale happened. He died the following year at age 87.
Who bought the Art Van warehouse Warren MI?
The sprawling Warren complex was used by Loves Furniture in the wake of Art Van's bankruptcy until Loves experienced its own bankruptcy last year. The property was purchased in September by Montreal-based real estate investment firm Quint Group.
How much did Art Van's house sell for?
$3.75 millionIn 1991, Van Elslander and his wife, Mary Ann, built a sprawling mansion on Lakeshore Drive in Grosse Pointe Shores. By 2013, the couple was ready to sell the 18,000-square-foot estate, with a whopping asking price of $15.9 million. It eventually sold for $3.75 million.
When did Art Van go out of business?
March 2020Art Van Furniture filed for what became a Chapter 7 liquidation bankruptcy in early March 2020, just as the COVID-19 pandemic arrived in Michigan. Nearly 190 Art Van stores closed and roughly 3,000 workers in nine states lost jobs.
Who bought the Art Van mansion?
The buyers of the home are listed as James and Patricia Anderson. Grand Estates Auction Co., the Charlotte, N.C., firm that handled the auction of the home, announced on its website it had been sold in October but didn't include details. Before the auction, a company official said 30 people had viewed the property.
Who bought the Art Van warehouse Warren MI?
The sprawling Warren complex was used by Loves Furniture in the wake of Art Van's bankruptcy until Loves experienced its own bankruptcy last year. The property was purchased in September by Montreal-based real estate investment firm Quint Group.
What brands did Art Van Furniture sell?
Art Van Furniture Company Information The retailer often has deals on brands like Ashley Furniture, La-Z-Boy, and Detroit Sofa Company.
Do you have to pay Art Van?
If you've got a balance on your Art Van credit card, you still have to pay.
Does Art Van Furniture have warranties?
Art Van Furniture hasn't given any directive yet about where customers can inquire about their warranties.
Where is the Art Van Sports Complex in Michigan?
The Art Van Sports Complex near Rockford. (March 5, 2020)
Who sold Van Elslander?
It was sold to Thomas H. Lee Partners, a Boston-based private equity firm, in 2017. Crain’s Detroit Business news reported in mid-February that it was considering Chapter 11 bankruptcy reorganization or liquidation. Van Elslander died in February 2018 at the age of 87. —News 8’s Donovan Long contributed to this report.
Is Art Van in Maryland closing?
Art Van-owned Eight Wolf Furniture Stores in Maryland and Virginia will also close. Levin & Wolf Furniture in Ohio and Pennsylvania will be sold. Charles said the closure will affect Art Van’ s sponsorship of the Santa Parade in Grand Rapids and the Sports Complex near Rockford, though the situation involving the complex is still murky.
Who owns Warren furniture?
In 2017, the company was sold to Boston-based Thomas H. Lee Partners. Elslander died in 2018. Rumors began to circulate in February that owner Thomas H. Lee Partners LP, a private equity firm, was looking to sell or file for bankruptcy.
How many franchise stores are there in Michigan?
There are 97 locations in Michigan. Twenty of the total 190 stores are franchise locations, situated in the Upper Peninsula, Alpena, Mount Pleasant and Owosso in Michigan and in Indiana, the Detroit Free Press reports.
Is Art Van furniture liquidated?
Liquidation plans were announced Thursday morning for all company-owned Art Van Furniture, Art Van PureSleep, and Scott Shuptrine Interiors in Michigan, Illinois, Ohio, Indiana, and Missouri, a company news release said. Eight Wolf Furniture stores in Maryland and Virginia will also be liquidated.
How many Art Van stores are there in Detroit?
Art Van has been everywhere in Metro Detroit -- on television with advertisements day and night, at 200 store locations and through 5,000 employees. This will all end soon, because a new owner from outside the family crashed spectacularly into the rocks.
Is Art Van closing stores?
Warren-based furniture chain Art Van Furniture is planning to close all stores in Michigan, Illinois, Indiana, Missouri, and Ohio.
