Warren, Mich. — Loves Furniture & Mattresses, owned by Dallas-based private equity firm U.S. Assets Inc., filed for Chapter 11 bankruptcy protection in early January amid struggles brought on by the COVID-19 pandemic. Loves was formed in April of this year and acquired 27 Art Van Furniture locations across Michigan, Pennsylvania, Ohio, Illinois, Virginia and Maryland in May. That deal did not include the stores’ underlying real estate, which had already been sold off, according to reports by the Detroit Free Press. The company also opened or acquired 13 additional …
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Warren, Mich. — Art Van Furniture, the Midwest’s Number 1 furniture and mattress retailer, has hired Ronald (“Ron”) Boire, a retail industry veteran with extensive leadership experience, as its new president and chief executive officer, effective April 30, 2018. Boire will succeed Kim Yost, who is retiring after 9 years with the company.
Warren, Mich. — Kim Yost, president and CEO of Art Van Furniture, plans to retire after 9 years with the company. In order to ensure a seamless leadership transition, Yost will maintain his current role until a successor has been appointed. Art Van has commenced a process to identify and evaluate candidates for the position.
Warren, Mich. — Art Van Furniture has unveiled a new flagship store in Canton, Mich., its first showroom in Michigan to be built from the ground up in two decades. The Midwestern furniture and mattress retailer is ushering in a new look and a new era in its home state with the two-story, 70,000-square-foot showroom, located on Ford Road opposite IKEA.
Warren, Mich. — For the first time in 57 years, the Midwest’s Number 1 furniture retailer, Art Van Furniture, is expanding west of the Mississippi with two new stores planned for Iowa. Located in Coralville and Cedar Falls, Iowa, the new stores will officially open on July 14, 2016.