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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.
Nathan S. Ancell (August 22, 1908 – May 31, 1999) co-founded the Ethan Allen furniture company with his brother-in-law, Theodore Baumritter, in 1932. Together, the two men pioneered the concept of selling furniture in room-style settings and built the Ethan Allen company. [1] Today, Ethan Allen has sales of nearly $1 billion. [2]
In 1980, Interco added furniture as a major division. [2] That year the company bought Ethan Allen Inc. for $150 million. [8] In 1980 Interco took over Broyhill Furniture, a North Carolina company that was the world's largest privately owned furniture maker, with 20 factories and 7,500 employees.
Here's the current margin snapshot for Ethan Allen Interiors over the trailing 12 months: Gross margin is 54.2%, while operating margin is 7.4% and net margin is 7.2%.
There are 65 new apartments coming to Fort Ethan Allen in former Buffalo Soldiers housing. Gannett. Dan D'Ambrosio, Burlington Free Press. June 10, 2024 at 2:09 AM.
Biggs Furniture, based in Richmond, Virginia, United States, was once a leading U.S. manufacturer of colonial reproduction furniture. [1] [2] The company flourished in the 20th century, alongside reproductions by Colonial Williamsburg by the Kittinger Company, and other mass market reproduction brands like Ethan Allen and Pennsylvania House.