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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. [5]
But Interco could not make enough money by selling its unprofitable operations; [2] For example, selling Ethan Allen brought in $388 million rather than the expected $550 million. The company's debt had jumped from $300 million in 1988 to $2.6 billion in 1989, and operations were not producing enough income to cover the payments.
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]
Ethan Allen Opens Second Location in Europe Additional international locations set to open this year DANBURY, Conn.--(BUSINESS WIRE)-- Ethan Allen Interiors Inc. (NYS: ETH) , a leading American ...
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%.
Lambeth Furniture began in 1901 and was sold to Knox Furniture in 1928 and Thomasville Chair in 1932. [1] B.F. Huntley Furniture began in 1906 on Patterson Avenue in Winston-Salem, North Carolina and grew into the largest bedroom and dining room furniture manufacturer in the country. Its Winston-Salem plant burned in 1956, though a two-story ...
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