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Art Van Furniture closing its stores..

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AVF Holdings, which is owned by private equity firm Thomas H. Lee Partners, will shutter its company-owned stores in Michigan, Illinois, Indiana, Maryland, Missouri, Ohio and Virginia. The company's stores include Art Van Furniture, Art Van PureSleep, Scott Shuptrine Interiors and Wolf Furniture. 

Liquidation sales are expected to begin Friday. About 3,100 employees are expected to lose their jobs, according to The Detroit News.
Art Van Furniture & Outlet in Genoa Township, shown Monday, Aug. 26, 2019, is one of five Art Van properties for sale for $56.55 million under a master lease.Img 3648
 
 

 

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