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The company has decided to close all American Freight stores nationwide. There are 365 stores in 40 states, so it’s a large brand. Closing sales at all stores and online will begin on Nov. 5.
American Freight corporate owner paid bonuses ahead of bankruptcy. Unnamed insiders with Franchise Group got $5.75 million in retention bonuses to stay with the company through the bankruptcy ...
Franchise Group, Inc. is an American privately-held holding company that acquires and manages mainly franchise companies. It owns brands in various retail industries including American Freight, Buddy's Home Furnishings, The Vitamin Shoppe, and Pet Supplies Plus.
Original American Freight logo and tagline. The first American Freight store was founded by Steve Belford in Lima, Ohio in 1994 as American Freight Furniture & Mattress. [21] By 2014, the company was operating 95 stores in 18 states, and October that year was acquired by an affiliate of private equity firm The Jordan Company of New York. [22]
Estes Express Lines is a privately owned American freight transportation provider based in Richmond, Virginia. Founded in 1931 by W. W. Estes, the company is still owned and operated by the Estes family. Robey W. Estes, Jr., became the company’s president in 1990, then chairman and CEO in 2001.
Furniture store American Freight is set to close all of its 328 locations nationwide ― including the Perry Township store at 4345 Lincoln Way E ― as a part of Chapter 11 bankruptcy proceedings.
DAYTON, Ohio (WDTN) — A furniture company is closing all locations, including five in the Miami Valley. According to documents filed in the U.S. Bankruptcy Court in Delaware, American Freight ...
Old Dominion Freight Line, Inc. traces its origins to 1934 when husband and wife Earl Congdon Sr. and Lillian Congdon (née Herbert) founded the company with a single straight truck running between Richmond and Norfolk, Virginia. [7] [8] The name is a reference to a common nickname for the Commonwealth of Virginia, the "Old Dominion."
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