Entertainment A.
A private equity Firm assumed ownership…
A private equity Firm assumed ownership of Art Van Furniture and therein resides the problem with this organization. Because of its founder Art Van was very concerned in grooming his own reputation as a member of the community. In contrast this private Equity Firm has one mission and that is to make money and margin at all costs. As customers we need to be concerned with the value we receive on purchase and to a lesser extent the contribution to the community. Here's what's counter-intuitive If you look at the management structure art van today you will find that is being run I people with deep retail experience in places such as Sears Toys-R-Us Barnes & Noble and other failed or currently failing retailers. As customers this really isn't our concern other that it being an indicator the current owners don't care much about anything.
