Flooring Brief (Blog Article)

Members (and Visitors):

Hi everybody.  During my web search, I found a news item, recently published at furnituretoday.com, about Art Van World of Furniture completing World of Floors acquisition.  This news item, written by Clint Engel, informs readers that Art Van Furniture is acquiring the remaining stake in World of Floors, making Art Van World of Floors a wholly-owned brand of the Top 100 company.

The retailer previously held a 50% stake in World of Floors and has agreed to buy the remaining 50% from Emil Pedick, according to a release. The purchase price was not disclosed.  Art Van said it will be moving the World of Floors headquarters into its own Warren, Mich., headquarters soon. 

Pedick said his vision with Art Van World of Floors “was to create a store-within-a-store concept that leverages the marketing and customer base of a successful retail furniture operation.”  He added that this has been accomplished, and he thanked World of Floors employees for their loyalty during the past few years, according to the news item.  More at furnituretoday.com.

Sincerely,

Elizabeth Yokel

FCM’s Publisher

Link (Thread Shown):

www.furnituretoday.com/article/487451-art-van-furniture-completes-world-floors-acquisition