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Newly Formed Loves Furniture Hit With Lawsuit Loves Furniture made a big splash when it announced its formation last year and then quickly bought up the bankrupt Art Van Furniture locations around the region. Loves corporate offices are in suburban Detroit. The parent company, U.S. Assets, is a private equity firm and located in Dallas. Loves was able to reopen many of the former Art Van stores in the region including locations in Battle Creek, Portage, Jackson, and more than a dozen others. Enter your number to get our free mobile app Now the company is in the process of closing several stores in Michigan. Last month, Loves CEO Mack Peters admitted to some issues getting supplier invoices paid. Part of the reason he said was a shortage of product to be able to sell to customers at its stores. At least one supplier is tired of waiting and is filing a lawsuit to get paid. Fusion Furniture and its parent company, Southern Motion, are filing a federal suit demanding pay ....
In any war, there are casualties, and in the war on Covid-19, not all casualties are human. Farewell, Detroit Institute of Bagels (File photo) Many Detroit businesses, faced with the strain of shutdowns and disrupted economies, folded in 2020, as well. Detroit Institute of Bagels, Detroit Corktown bagel and coffee junction Detroit Institute of Bagels, at 1236 Michigan Ave., closed shop after seven years in business in September. The owner decided to sell the business. Kruse & Muer Roadhouse, Lake Orion The restaurant closed in October according to Eater Detroit and a post on the business website. They cited COVID-19 and road construction as reasons for the restaurant s closure. The business was presented with a chance to sell the property to a former team member, Darrel Sanrope. Sanrope and his wife will be relocating their Port Huron restaurant to the Lake Orion property. ....
Year in review: 2020 s most-read stories that weren t about the pandemic Crain s Detroit Business Print Nonpandemic top reads: Dan Gilbert on his recovery from stroke; Portillo s announces Sterling Heights location; and Art Van deals with potential sale, bankruptcy and an uncertain future. Top-read stories that didn t involve coronavirus or the pandemic mostly came in the early part of 2020, when Dan Gilbert opened up about his recovery from a stroke, Chicago hot dog restaurant Portillo s announced plans to open in Sterling Heights and the Art Van brand explored sale, bankruptcy and its future in the furniture business. Here are the top-read stories of 2020 that were not about the pandemic: ....