WARREN, MI – Many customers will lose out as Art Van Furniture begins closing sales this week.
All company-owned stores will close after the liquidation, which is expected to begin on Friday March 6. The stores are expected to close within the next 60 days.
Liquidation plans were announced Thursday morning for all Art Van Furniture, Art Van PureSleep and Scott Shuptrine Interiors companies in Michigan, Illinois, Ohio, Indiana and Missouri, according to a press release from the company. Eight Wolf Furniture stores in Maryland and Virginia will also be liquidated.
Anyone with Art Van products in their home and a warranty in the drawer will find that the piece of paper won’t be worth much after the company backing it goes out of business, Charlie Langton said. FOX 2 Detroit.
Customers who have a balance on their Art Van credit card are still responsible for paying the bill, Langton said. As the business closes, these payments will eventually be redirected to a court or trustee.
Some customers may never see the furniture they ordered. A couple in the Lansing area expected their Art Van furniture to be delivered this week, they said in an email to MLive. When they heard the business was going to close, they assumed the lifetime warranty they paid would be a loss, but they still hoped to receive their furniture. They contacted customer service on Thursday afternoon and were told the order was canceled.
“I sure hope that they will also void the lifetime warranty and shipping charges,” they said.
There are 97 branches in Michigan. Twenty of the 190 stores in total are franchise stores, located in the Upper Peninsula, Alpena, Mount Pleasant and Owosso in Michigan and Indiana, the Detroit Free Press Reports.
The Warren-based furniture retailer was founded by Art Van Elslander in Detroit in 1959. In 2017, the company was sold to Boston-based Thomas H. Lee Partners. Elslander died in 2018. Rumors began to circulate in February that owner Thomas H. Lee Partners LP, a private equity firm, was looking to sell or file for bankruptcy.