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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.
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.
According to documents filed in the U.S. Bankruptcy Court in Delaware, American Freight will close all locations following a move by parent company, Franchise Group, to file bankruptcy protection.
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]
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.
The company was founded near Chase City, Virginia, by cotton farmer Webb Wallace ("W.W.") Estes (1897–1971). Estes started providing livestock moving services for local farmers in 1931 [4] with a used Chevrolet truck. By 1932 the trucking business was also hauling general freight and provided enough revenue for Estes to hire his first driver.
American Freight Madison store closing. 400 E. Clifty Drive. American Freight Fort Wayne store closing. 4515 Merchant Road. American Freight Lafayette store closing. 3233 Teal Road. American ...
American Freightways Corp. (AF) was an American regional less than truckload (LTL) carrier based in Harrison, Arkansas. It was acquired by FedEx in 2001, [ 2 ] renamed FedEx Freight East in 2002, [ 3 ] and its operations were merged with FedEx's other LTL subsidiaries in 2010 to form FedEx Freight Inc. [ 4 ]