Ethan Allen (furniture company)

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Ethan Allen, Inc.
Type of Company	Public (NYSE: ETH)
Founded	1932
Headquarters	Danbury, CT
Key people	M. Farooq Kathwari, President, Chairman and CEO
Industry	Furniture and home interiors
Revenue	$949 million (2005)
Net income	$79.3 million (2005)
Employees	6,400 (2005)
Website	www.ethanallen.com

Ethan Allen Interiors, Inc. (NYSE: ETH) is an American furniture chain with more than 300 stores across the United States.[1] It was founded in 1932 by Nathan S. Ancell and Theodore Baumritter.

[edit] History

The company was started as a housewares manufacturer, then bought a bankrupt furniture manufacturer in Vermont a few years later.

The firm adopted the name "Ethan Allen" after a successful line of early-American furniture introduced in 1939. The firm was sold in 1980 to Invesco for $150 million, though Ancell remained an advisor. The company was sold again in 1989 to a management group.

Today, Ethan Allen has 310 stores, 21 manufacturing plants, and sales of nearly $1 billion located across the United States. It is one of the largest furniture companies in the United States.