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New legislation would require more protections for Michigan workers facing mass layoffs metrotimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metrotimes.com Daily Mail and Mail on Sunday newspapers.
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Family of Late Art Van Furniture Founder Buys Back Brand Name The Van Elslander is taking the steps to preserve the legacy and name synonymous with Detroit for decades. From the furniture stores, to their community philanthropic efforts, to even the Detroit Thanksgiving Parade, Art Van Furniture was a part of Michigan for as long as many can remember. Now, four years after the family patriarch sold the furniture company to a private-equity firm, the heirs of Archie “Art” Van Elslander have bought back legal rights to the Art Van Furniture name. The move comes only a year since the new owners of the company went bankrupt and began closing all of its nearly 200 stores. The liquidation was handled by American Signature, the parent company of Value City Furniture. ....
Jan 13, 2021 WARREN Loves Furniture, which in May acquired the former Levin Furniture stores in the Mahoning and Shenango valleys, has filed for Chapter 11 bankruptcy, and the three area stores are going out of business. The stores in Niles, Boardman and Hermitage, Pa., are among 13 locations selling off their merchandise in a deal Loves struck with Connecticut-based Planned Furniture Promotions (PFP) in December. Michigan-based Loves, owned by US Assets Inc. in Dallas, purchased 27 former Levin Furniture, Art Van Furniture and Wolf Furniture stores from Art Van Furniture LLC with plans to rebrand them Loves Furniture, but quickly ran into financial trouble. ....
A Loves Furniture & Mattresses location in Canton, Mich. Warren, Mich. Loves Furniture & Mattresses, owned by Dallas-based private equity firm U.S. Assets Inc., filed for Chapter 11 bankruptcy protection in early January amid struggles brought on by the COVID-19 pandemic. Loves was formed in April of this year and acquired 27 Art Van Furniture locations across Michigan, Pennsylvania, Ohio, Illinois, Virginia and Maryland in May. That deal did not include the stores’ underlying real estate, which had already been sold off, according to reports by the Detroit Free Press. The company also opened or acquired 13 additional locations between May and October of 2020 in Michigan, Ohio and Pennsylvania. ....