Ethan Allen (furniture company)
From Wikipedia, the free encyclopedia
| Ethan Allen, Inc. | |
|---|---|
| Type | Public (NYSE: ETH) |
| Founded | 1932 |
| Headquarters | Danbury, CT |
| Key people | Farooq Kathwari, President, Chairman and CEO |
| Industry | Furniture and home interiors |
| Revenue | $1.005 billion (2007) |
| Operating income | $111.1 million (2007) |
| Net income | $69.2 million (2007) |
| Employees | 6,400 (2005) |
| Website | www.ethanallen.com |
Ethan Allen Interiors, Inc. (NYSE: ETH) is a North American furniture chain with more than 300 stores across the United States and Canada.[1] It was founded in 1932 by Nathan S. Ancell and Theodore Baumritter.
Contents |
[edit] History
The company was started as a housewares manufacturer in 1932, then bought a bankrupt furniture factory in Beecher Falls, Vermont in 1936.[2][3]
The firm adopted the name "Ethan Allen" for its early-American furniture introduced in 1939. It was named after the Vermont Revolutionary leader. 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 over $1 billion located across the United States.[4] It is one of the largest furniture companies in the United States. In 2008, the company announced plans to close a dozen stores.[5]
A wholly-owned subsidiary bought a plant in Silao, Guanajuato, Mexico in 2007.[6]
[edit] Manufacturing plants[citation needed]
- Beecher Falls, Vermont, a village in Canaan[7]
- Boonville, New York
- Bridgewater, Virginia
- Dublin, Virginia
- Eldred, Pennsylvania
- Orleans, Vermont[7]
- Sterling, Virginia
- Silao, Guanajuato, Mexico
[edit] References
- ^ Corporate profile.
- ^ Columbia College Obituaries.
- ^ Ethan Allen Interiors Inc: Information and Much More from Answers.com
- ^ Ethan Allen Annual Report 2007
- ^ Furniture Today.com accessed January 10, 2008
- ^ Gresser, Joseph (October 31, 2007). Ethan Allen buys factory in Mexico. the Chronicle.
- ^ a b Occaso, Carla (July 14, 2006). New power plant helps Ethan Allen factory. Times Argus.
