How much did Art Van Furniture pay?

The deal and its sale-leaseback obligations required Art Van Furniture to pay about $33.4 million more per year than it did before the Van Elslander family sold.

What happened to Art Van?

Thomas H. Lee Partners later set up a nearly $2 million hardship fund to help the laid-off Art Van employees, enough money for about $1,200 for each eligible former worker. Many of the shuttered Art Van stores were reborn in late summer and fall 2020 as Loves Furniture, an entirely new company created by a Texas private-equity firm.

Does Art Van have a store in Missouri?

Art Van expanded into Missouri in 2018, with four franchised stores in the St. Louis area. These were former locations of Rothman's Furniture, a local chain that went out of business in early 2017. The chain opened its flagship store in Canton, Michigan on February 1, 2018.

Does Art Van sell mattresses?

In 2009, Art Van introduced PureSleep, a brand of in-store departments and standalone stores offering mattresses. A year later in 2010, the company acquired Brewbaker's Furniture, and converted its two stores in northern Michigan into Art Van locations.