Art Van, headquarted in Warren, is exploring Chapter 11 bankruptcy, according to a report by Crain's Detroit.
A spokeperson of the furniture retail store said in a statement that the company is "actively exploring a variety of options with our creditors, investors and landlords to ensure Art Van can continue serving our guests and our communities. It is premature at this time to comment further as no final decisions have been made."
The Van Elslander family began the business in Detroit back in 1959.
Read the full statement below:
“We are actively exploring a variety of options with our creditors, investors and landlords to ensure Art Van can continue serving our guests and our communities. It is premature at this time to comment further as no final decisions have been made. In the meantime, our stores are open, and it is business as usual,” said Diane Charles, company spokesperson.
