Ethan Allen (furniture company)

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Ethan Allen Interiors, Inc. (NYSE: [ETH]) is an American furniture chain with more than 300 stores across the United States.[link] It was founded in 1932 by Nathan S. Ancell and Theodore Baumritter.

History

The company was started as a housewares manufacturer, then bought a bankrupt furniture manufacturer in Vermont a few years later.

The firm adopted the name "Ethan Allen" after a successful line of early-American furniture introduced in 1939. 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 nearly $1 billion located across the United States. It is one of the largest furniture companies in the United States.

References

[Milwaukee Journal Sentinel]
[Western Connecticut State University Libraries]
[Hoover's] (requires subscription)
[Columbia College Obituaries]

External links

[Official company website]

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