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Former Levin Furniture owner Robert Levin stepped in soon after and signed a deal to buy back the Levin Furniture stores to save them from potential closures in 2020. [ 4 ] [ 5 ] In addition to buying back his own stores, Levin also acquired two former Wolf Furniture stores in central Pennsylvania that were impacted by the Art Van bankruptcy. [ 6 ]
It is the parent company of the retail brands American Signature Furniture and Value City Furniture, and the manufacturer brand American Signature. American Signature Furniture [ 1 ] and Value City Furniture [ 2 ] sell residential furniture manufactured by American Signature, Inc., as well as more than 30 additional manufacturers from 125 ...
After 45 years of selling furniture, Scott Knox filed a complaint with the North Carolina Attorney General regarding the practice of exclusive deals for manufacturers to only sell their product in one area store. Knox was no longer able to sell products from some companies which had deals with Furnitureland South, and he could not afford a lawsuit.
Selling old stuff is an attractive idea for a lot of people because it serves two great functions: It gets things out of your house, and it earns you money: Win-win! See Our List: 100 Most ...
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On December 21, 1998, Levitz announced it would close 27 stores and lay off 25% of its workforce. The company downsized its warehouse system from 65 to 17 sites. [4] The furniture market underwent a prolonged nationwide downturn after the September 11 attacks, and was hurt again in late 2007 by the 2007 subprime mortgage financial crisis. [5]
United Furniture Industries Inc. signed an agreement to buy Lane Company by the end of 2017. [14] Heritage sold Lane Ventures to Bassett Furniture Industries for $15.1 million in December 2017. [15] Heritage announced the formation of the three business units. Harvey Dondale would be president of Broyhill, a position he held from 2005 to 2007.
Schottenstein Stores Corp., based in Columbus, Ohio, is a holding company for various ventures of the Schottenstein family. Jay Schottenstein and his sons Joey Schottenstein , Jonathan Schottenstein , and Jeffrey Schottenstein are the primary holders in the company.