Art Van

Art Van Furniture Inc.
Private
Industry Furniture retail
Founded Eastpointe, Michigan (1959)
Founder Art Van Eslander
Headquarters Warren, Michigan, U.S.
Key people
 Ron Boire, President & CEO; Gary Van, President; David Van, President of Art Van Pure Sleep
Products Furniture
Revenue US$700 Million (2014 est.)
Number of employees
 4,000
Website www.artvan.com
Art Van Furniture store, Ann Arbor, MI, one of the 30 Michigan stores

Art Van Furniture Inc. is an American furniture retail store chain. The company operates 39 stores throughout Michigan, eight stores in the Chicago area, one store in Toledo, Ohio, one store in Fort Wayne, Indiana, a full service e-commerce website, plus several freestanding Art Van PureSleep bedding stores in Michigan, Ohio and Indiana. The company also has eleven franchised stores in the Midwest. When added together, the company has more than 100 brick and mortar locations. Founded in 1959, the company, headquartered in Warren, Michigan in Metro Detroit, was sold by founder Art Van Elslander in early 2017 to Thomas H. Lee Partners, a private equity firm in Boston.[1][2]

History

In 2010, Art Van acquired Brewbaker's Furniture, which had locations in Petoskey and Onaway.[3] The Onaway store was closed in 2013.[4] That same year, Young's Appliance of Alpena became the chain's first franchised location.[5] Franchise locations have since opened in Marquette, Sault Ste. Marie, Mount Pleasant,[6] Gaylord, Owosso, and East Tawas, along with a PureSleep franchise in Midland and a franchise of Sofa Select in Mishawaka, Indiana.[7] The store's first franchise location in Illinois opened on November 7, 2015, in Rockford.[8]

Mattress World acquisition

Mattress World store, Livonia, Michigan

Mattress World of Michigan was a mattress retailer with 24 stores in Michigan and seven in Indiana. The company was founded in 1998 when the first store was opened in Howell, Michigan.[9]

In May 2011, Mattress World of Michigan was acquired by Art Van Furniture which said it would keep the Mattress World name on some stores, while others would be rebranded as Art Van PureSleep. It also said it would keep Mattress World's 100 or so employees.[10][11]

In July 2013, Art Van Furniture announced the conversion of 31 Mattress World locations throughout Michigan and Indianapolis to its signature Art Van PureSleep stores, creating 76 Art Van PureSleep stores.

References

  1. ↑ "Contact Us." Art Van. Retrieved on November 7, 2013. "Art Van Furniture 6500 14 Mile Road Warren, MI 48092"
  2. ↑ "Art Van Furniture sells to private equity". freep.com. Retrieved 13 February 2018.
  3. ↑ "Art Van Furniture acquires Brewbaker's". petoskeynews.com. Retrieved 13 February 2018.
  4. ↑ http://www.thealpenanews.com/page/content.detail/id/525196/Community-worried-about-loss-of-Art-Van.html?nav=5004
  5. ↑ http://www.alpenanow.com/index.php/2013/01/18/bob-young-art-van-grand-open-store-in-alpena/
  6. ↑ "Art Van opens sixth franchise location with new Owosso store". crainsdetroit.com. 25 March 2014. Retrieved 13 February 2018.
  7. ↑ "Art Van to open first Indiana franchise, one more in Michigan". crainsdetroit.com. 16 September 2014. Retrieved 13 February 2018.
  8. ↑ Furniture, Art Van. "Art Van Furniture To Open First Chicagoland Franchise In Rockford, Illinois". www.prnewswire.com. Retrieved 13 February 2018.
  9. ↑ Staff. "AV Mattress World LLC". Hoover's. Retrieved June 3, 2012. (subscription required)
  10. ↑ Bomey, Nathan (May 11, 2011). "Art Van Furniture acquires Mattress World in Michigan retail deal". AnnArbor.com. Retrieved June 3, 2012.
  11. ↑ Engel, Clint (May 11, 2011). "Art Van Furniture to acquire 28-store Mattress World: Will give chain its first stores outside Michigan". Furniture Today. Retrieved June 3, 2012.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.