Ethan Allen, Inc.
| Type |
Public (NYSE: ETH) |
| Founded |
1932 |
| Headquarters |
Danbury, CT |
| Key people |
M. Farooq Kathwari, President, Chairman and CEO |
| Industry |
Furniture and home interiors |
| Revenue |
$949 million (2005) |
| Net income |
$79.3 million (2005) |
| Employees |
6,400 (2005) |
| Website |
www.ethanallen.com |
Ethan Allen Interiors, Inc. (NYSE: ETH) is an American furniture chain with more than 300 stores across the United States.[1] 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
This United States retail business article is a stub. You can help Wikipedia by expanding it.
Categories: Companies listed on the New York Stock Exchange | Furniture retailers of the United States | Furniture manufacturers | 1932 establishments | United States retail company stubs
