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Intermodal yard at Ashley Furniture in Arcadia. Ashley Furniture Industries, Inc. is an American home furnishings manufacturer and retailer, [2] headquartered in Arcadia, Wisconsin. The company is owned by father and son team Ron and Todd Wanek. Ashley Furniture manufactures and distributes home furniture products throughout the world. [1]
The parent company of Ashley, [10] Ashley Furniture Industries, headquartered in Arcadia, Wisconsin, is the world's largest home furniture manufacturer. Owned by father and son team, Ron and Todd R. Wanek, the company manufactures and distributes home furnishings throughout the globe. The company employs more than 18,000.
In 1976, Wanek purchased Ashley Furniture, a company that had been operating since the 1940s. [1] After taking control of the company, Wanek established overseas manufacturing and distribution capabilities to make the business more competitive. [3]
Todd Ronald Wanek (born 16 March 1964) [1] is an American billionaire businessman, the president and chief executive officer (CEO) of Ashley Furniture Industries, Inc. He is the son of Ronald G. Wanek, the chairman. As of May 2022, his net worth was estimated at US$3.1 billion. [2] He was named CEO in 2002. [3]
Cole Bawek, vice president of public relations and communications for Ashley Furniture Industries, LLC, shared a statement with WNEM TV5 News that reads, in part:
It also owned 154 Ashley Furniture HomeStores and licensed five others. [8] As of April 30, 2013, 65 company-owned stores operated under the Jennifer Convertibles and Jennifer Leather names and six stores operated under the Ashley Furniture HomeStores name.
The company was founded in Lebanon, Pennsylvania, in 1910 by Richard Levitz. [1]In the 1960s, Levitz, expanded by Richard's sons Leon and Ralph, successfully pioneered the sales of moderately priced brand-name furniture from a warehouse-style store. [2]
The company began in 1911 as International Shoe Company with the merger of Roberts, Johnson & Rand Shoe Company and Peters Shoe Company. In 1966, the company changed its name to Interco as the result of diversification, and once the company exited the shoe business, adopted the name Furniture Brands International .