Ethan Allen (furniture company)

Ethan Allen (furniture company)

Infobox_Company
company_name = Ethan Allen, Inc.
company_
company_type = Public (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=ETH ETH] )
foundation = 1932
location = 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)
num_employees = 6,400 (2005)
homepage = [http://www.ethanallen.com/ 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. [cite web|url=http://www.ethanallen.com/aboutUs/coprofile.jsp|title=Corporate profile] 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.cite web|url=http://www.college.columbia.edu/cct/sep99/39a.html|title=Columbia College Obituaries] [ [http://www.answers.com/topic/ethan-allen-interiors-inc Ethan Allen Interiors Inc: Information and Much More from Answers.com ] ]

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. [ [http://ww3.ics.adp.com/streetlink_data/dirETH/annual/HTML2/ethan_allen_ar2007_0002.htm Ethan Allen Annual Report 2007] ] It is one of the largest furniture companies in the United States. In 2008, the company announced plans to close a dozen stores. [ [http://www.furnituretoday.com/article/CA6519369.html?industryid=23169&industry=Headline+News Furniture Today.com] accessed January 10, 2008]

A wholly-owned subsidiary bought a plant in Silao, Guanajuato, Mexico in 2007. [ cite book | author = Gresser, Joseph |title = Ethan Allen buys factory in Mexico | publisher = the Chronicle | date = October 31, 2007]


=Manufacturing plantsFact|date=May 2007 =


*Beecher Falls, Vermont, a village in Canaancite web|title=New power plant helps Ethan Allen factory|date=July 14, 2006|first=Carla|last=Occaso|publisher=Times Argus|url=http://www.vtwoodnet.org/news_articles/ethan_allen_power_plant.html]
*Boonville, New York
*Bridgewater, Virginia
*Dublin, Virginia
*Eldred, Pennsylvania
*Orleans, Vermont
*Sterling, Virginia
*Silao, Guanajuato, Mexico

References

* [http://library.wcsu.edu/web/about/units/young/related/business/related/ancell_bio/ Western Connecticut State University Libraries]

External links

* [http://www.ethanallen.com/ Official company website]


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