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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]
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%.
He has been leading Ethan Allen Interiors since 1985, and four years later he formed a group to purchase Ethan Allen from Interco, a conglomerate, and subsequently took the company public. Under Kathwari's leadership, Ethan Allen Interiors has been transformed into a leading manufacturer and retailer of home furnishings in the United States.
Ethan Allen Opens Second Location in Europe Additional international locations set to open this year DANBURY, Conn.--(BUSINESS WIRE)-- Ethan Allen Interiors Inc. (NYS: ETH) , a leading American ...
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.