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Furniture --> Ethan Allen |
Ethan
Allen Interiors, Inc. (NYSE: ETH) is a North American furniture
chain with more than 300 stores across the United States and
Canada. It was founded in 1932 by Nathan S. Ancell and Theodore
Baumritter.
The company was started as a housewares manufacturer in 1932,
then bought a bankrupt furniture factory in Beecher Falls,
Vermont in 1936.
The firm adopted the name "Ethan Allen" for its
early-American furniture introduced in 1939. It was named
after the Vermont Revolutionary leader. The firm was sold
in 1980 to Invesco for $150 million, though Ancell remained
an advisor. The company was sold again in 1989 to a management
group.
Today, Ethan Allen has 310 stores, 21 manufacturing plants,
and sales of over $1 billion located across the United States.[4]
It is one of the largest furniture companies in the United
States. In 2008, the company announced plans to close a dozen
stores. |
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