Is Art Van Elslander still alive?
February 12, 2018Art Van Elslander / Date of death
Is Art Van dead?
(AP) — Archie “Art” Van Elslander, the founder of Art Van Furniture and a major Detroit-area philanthropist who is credited with saving the city’s annual Thanksgiving parade, died Monday, his family said. He was 87.
How old was Art Van?
Art Van Eslander died a year later at age 87. ContactJC Reindl: 313-222-6631 or [email protected] Follow him on Twitter @jcreindl.
Who bought the Art Van mansion?
Art Van began its final sale Friday. The Warren-based retailer’s sudden announcement that it would wind down operations comes only three years after its late founder, Art Van Elslander, sold the company to a Boston-based private equity firm, Thomas H. Lee Partners LP, in an estimated $550 million deal.
What happened to the Art Van family?
Art Van Furniture filed for what became a Chapter 7 liquidation bankruptcy in early March 2020, just as the COVID-19 pandemic arrived in Michigan. Nearly 190 Art Van stores closed and roughly 3,000 workers in nine states lost jobs.
Who bought Art Van 2020?
In May 2020, 24 Art Van stores and three Wolf stores were acquired by Texas-based private equity firm U.S. Assets, and reopened later that year under the name Loves Furniture & Mattresses.
What happened to art vans furniture?
How much did Art Van’s house sell for?
It eventually sold for $3.75 million. It sits on 3.75 manicured acres that include a long brick driveway, lavish landscaping, the outdoor swimming pool, decorative pools, fountains, a tennis court, a basketball court, a putting green and sand traps.
Is art van out of business?
At the time (mid 2017), the company was riding high: It was immensely profitable, growing fast, entering new markets, and looked poised to double its growth and cement its standing as a regional powerhouse in the furniture industry. Last week, the company announced it is closing its doors forever.
Who took Art Van warranty?
That is why Gardner-White is stepping in and offering any Art Van customer who bought a warranty in the past 2 years the ability to opt-into the Gardner-White’s benefit program. Here are the details: Gardner-White is enabling former Art Van customers to opt-in to our 2-year benefit program for a minimal fee.
What happened to all art vans furniture?
Last week, the company announced it is closing its doors forever. It is now in the process of a full liquidation and becoming yet another footnote and cautionary tale for the retail industry.
What happens to my Art Van credit card?
Customers who have a balance on their Art Van credit card are still responsible for paying the bill, Langton said. As the company goes out of business, those payments will eventually be redirected to a court or trustee. Some customers might not ever see furniture they ordered.
Is Art Van Furniture coming back?
Art Van’s furniture stores are no more, but the family has bought back the brand name out of the bankruptcy of the company to which it had sold the chain. The Van Elslander family successfully acquired the Art Van Furniture name out of bankruptcy this month.
Who Bought Art Van’s house?
The buyers of the home are listed as James and Patricia Anderson. Grand Estates Auction Co., the Charlotte, N.C., firm that handled the auction of the home, announced on its website it had been sold in October but didn’t include details. Before the auction, a company official said 30 people had viewed the property.
Who bought out Art Van?
Thomas H. Lee Partners
In March 2017, Art Van was acquired by private equity firm Thomas H. Lee Partners (THL) for $617 million.
Is Art Van still honoring warranties?
Art Van Furniture warranties to be defunct after company goes out of business. Updated: Mar. 06, 2020, 9:39 a.m. | Published: Mar.
Do I still have to pay my Art Van credit card?
If you’ve got a balance on your Art Van credit card, you still have to pay. “If you just bought furniture from Art Van and you’re on a payment plan, for example, pay those bills!
Do I still owe Art Van?
If you have Art Van products in your house (who doesn’t at this point?), warranties will not be honored past the store closings. If you have a balance on your Art Van card, you are still obligated to pay it off.
What will happen to my Art Van warranty?
Art Van Furniture warranties to be defunct after company goes out of business. Updated: Mar. 06, 2020, 9:39 a.m. | Published: Mar. 05, 2020, 3:23 p.m.
Who took art van warranty?
What will happen to my Art Van credit card?
Customers who have a balance on their Art Van credit card are still responsible for paying the bill, Langton said. As the company goes out of business, those payments will eventually be redirected to a court or trustee.
Is Art Van honoring their warranties?