Ethan Allen (company)
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| Company type | Public (NYSE: ETH) |
|---|---|
| Industry | Furniture and home interiors |
| Founded | 1932 |
| Headquarters | Danbury, CT |
Key people | Farooq Kathwari, President, Chairman and CEO |
| Revenue | $949 million (2005) |
| $79.3 million (2005) | |
Number of 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.
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 nearly $1 billion located across the United States. It is one of the largest furniture companies in the United States.
Manufacturing plants are in the following places:[citation needed]
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References
- ^ "Corporate profile".
- ^ "Columbia College Obituaries".
- ^ http://www.answers.com/topic/ethan-allen-interiors-inc
- ^ a b Occaso, Carla (July 14, 2006). "New power plant helps Ethan Allen factory". Times Argus.
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