Van Elslander spouse and children purchases back again naming rights to Artwork Van Home furniture

The heirs of Archie Van Elslander have acquired back legal rights to the Art Van Furnishings identify, 4 many years immediately after the family patriarch offered the home furnishings corporation to a private-equity firm and practically a calendar year considering the fact that the organization went bankrupt and commenced closing all of its just about 200 stores.

Gary Van Elslander, son of the company’s late founder and acting by way of a spouse and children financial commitment organization known as VEC, successfully bid $6 million for the naming rights. The sale was authorised Feb. 1 by a bankruptcy court choose overseeing Artwork Van Furniture’s even now-ongoing liquidation circumstance.

A VEC consultant declined to give an interview about the family’s future programs — if any — for use of the Art Van Home furniture manufacturer, but issued a assertion:

“The Art Van Furniture name was section of the Van Elslander relatives for a long time, from the time Artwork Van Elslander founded the firm in 1959 right up until he marketed it in 2017. The Van Elslander family felt it was crucial to reclaim the title that was, for so lengthy, synonymous with remarkable price and determination to Michigan’s communities. They seem ahead to possessing the Artwork Van Furnishings identify back in the spouse and children, wherever it belongs.”