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Original American Freight logo and tagline. The first American Freight store was founded by Steve Belford in Lima, Ohio in 1994 as American Freight Furniture & Mattress. [21] By 2014, the company was operating 95 stores in 18 states, and October that year was acquired by an affiliate of private equity firm The Jordan Company of New York. [22]
Franchise Group, Inc. is an American privately-held holding company that acquires and manages mainly franchise companies. It owns brands in various retail industries including American Freight, Buddy's Home Furnishings, The Vitamin Shoppe, and Pet Supplies Plus.
The company has decided to close all American Freight stores nationwide. There are 365 stores in 40 states, so it’s a large brand. Closing sales at all stores and online will begin on Nov. 5.
American Freight corporate owner paid bonuses ahead of bankruptcy. Unnamed insiders with Franchise Group got $5.75 million in retention bonuses to stay with the company through the bankruptcy ...
Sears Hometown and Outlet Stores Inc. was an American retail company that sold home appliances, lawn & garden equipment, apparel, mattresses, sporting goods, and tools. [3] [4] The company had four subsidiary store formats: Sears Hometown, Sears Outlet, Sears Hardware and Appliance, and Sears Home Appliance Showrooms. [5]
American Freight corporate owner paid bonuses ahead of bankruptcy. Unnamed insiders with Franchise Group got $5.75 million in retention bonuses to stay with the company through the bankruptcy ...
Furniture retailer American Freight will close its 328 stores as parent company, Franchise Group Inc., goes bankrupt. 'Everything on sale': American Freight closing all Michigan stores. What we know
Eric L. Smidt (born 1960) is an American businessman. He is chairman and CEO of Harbor Freight Tools , which operates over 1,500 retail hardware stores in 48 states and generates $8 billion in sales as of 2023.