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Interco took on debt to discourage other offers, and the Rales group eventually backed off. But Interco could not make enough money by selling its unprofitable operations; [2] For example, selling Ethan Allen brought in $388 million rather than the expected $550 million. The company's debt had jumped from $300 million in 1988 to $2.6 billion in ...
The company was founded as a housewares manufacturer in 1932 by Theodore Baumritter and his brother-in-law Nathan S. Ancell. They bought a bankrupt furniture factory in Beecher Falls, Vermont in 1936 and adopted the name "Ethan Allen" for its early-American furniture introduced in 1939, after the Vermont Revolutionary War leader Ethan Allen.
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Ethan Allen (January 21, 1738 [O.S. January 10, 1737] [a] – February 12, 1789) was an American farmer, writer, military officer and politician. He is best known as one of the founders of Vermont and for the capture of Fort Ticonderoga during the American Revolutionary War, and was also the brother of Ira Allen and the father of Fanny Allen.
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Ethan Allen (1738–1789) was an early American and Vermont revolutionary. Ethan Allen may also refer to: People. Ethan B. Allen (1781–1835), New York politician;