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The company was founded as a housewares manufacturer in 1932 by Theodore Baumritter and his brother-in-law Nathan S. Ancell. They bought a bankrupt furniture factory in Beecher Falls, Vermont in 1936 and adopted the name "Ethan Allen" for its early-American furniture introduced in 1939, after the Vermont Revolutionary War leader Ethan Allen.
Nathan S. Ancell (August 22, 1908 – May 31, 1999) co-founded the Ethan Allen furniture company with his brother-in-law, Theodore Baumritter, in 1932. Together, the two men pioneered the concept of selling furniture in room-style settings and built the Ethan Allen company. [1] Today, Ethan Allen has sales of nearly $1 billion. [2]
In 1969, after years primarily as a manufacturer of recliners, La-Z-Boy started designing other products including reclining sofas, sleep sofas and modular groups. [3] 1981 sales were $150 million. [4] In 1983, La-Z-Boy introduced its first line of stationary sofas and occasional chairs, later offering a full line of home furnishings. [3]
Here's the current margin snapshot for Ethan Allen Interiors over the trailing 12 months: Gross margin is 54.2%, while operating margin is 7.4% and net margin is 7.2%.
Harrison Leather Pushback Recliner. $749 $1,219 Save $470. See at Macy's. Michael Kors Tote. $143 $258 Save $115. See at Macy's. Christian Siriano Throw. $40 $100 Save $60.
He has been leading Ethan Allen Interiors since 1985, and four years later he formed a group to purchase Ethan Allen from Interco, a conglomerate, and subsequently took the company public. Under Kathwari's leadership, Ethan Allen Interiors has been transformed into a leading manufacturer and retailer of home furnishings in the United States.
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