Art Van trustee sues Van Elslander family, Kim Yost, others, in bid to claw back millions
WILMINGTON, Del. — The trustee in the Art Van Furniture Chapter 7 liquidation proceeding is suing the children of the late Art Van Elslander, his …
Tag: bankruptcy
ABC Carpet files for bankruptcy protection
The iconic luxury home furnishings retailer plans to sell substantially all assets as a going concern NEW YORK — Struggling ABC Carpet & Home ended …
As Loves winds down, creditors seek answers about abrupt collapse
DETROIT — By the end of next month, the last of the Loves Furniture & Mattresses stores will have closed, but the battle over how …
Loves says warehousing and logistics issues were at the core of its financial problems
When Loves Furniture and Mattresses opened its first seven stores in late August, the initial consumer feedback was positive. But behind the scenes, the start-up retailer’s warehouse and delivery problems were mushrooming. The customer reviews quickly turned negative and things only got worse from there.
Blog: A familiar end to this Loves affair?
Back in May, Matt Damiani (then CEO of Loves Furniture & Mattresses) told me the new Michigan-based chain was not going to be “Art Van …
Mueller Furniture finds success in domestic strategy
Fourth-generation operator Mark Mueller takes lessons from family and industry friends to guide the retailer’s steady growth
Loves Furniture files for bankruptcy
Loves Furniture & Mattresses filed for Chapter 11 bankruptcy protection late Wednesday and is preparing to liquidate its remaining stores.
Franchise Group completes FFO Home purchase
ORLANDO, Fla.— Franchise Group has completed its acquisition of FFO Home and immediately will begin rebranding the more than 31 stores to American Freight Furniture, …
Franchise Group continues on aggressive furniture expansion track
Franchise Group, which last week bid to acquire bankrupt FFO Home, has refranchised 47 of its Buddy’s Home Furnishings stores to apparel retailer and licensor Bebe. It’s a move that provides new insight into the business model of a company that has been in furniture industry expansion mode since the middle of last year
JCPenney gets Bankruptcy Court go-ahead for a sale
PLANO, Texas— JCPenney received U.S. Bankruptcy Court approval for its acquisition by landlords and lenders in a deal valued at $1.75 billion. Under the deal, …
