Daily News
From Home Furnishing Business
Ethan Allen Awarded Dept. of State “Worldwide Residential Furniture Program”
August 4,
2016 by in Business Strategy, Industry
Home furnishings manufacturer, retailer and interior design company, Ethan Allen Interiors Inc. (NYSE:ETH) announced yesterday that the company has been awarded a blanket purchase agreement ("BPA") for the Department of State "Worldwide Residential Furniture Program".
Ethan Allen, through its subsidiaries, is a GSA contractor and under this program will have the opportunity to provide home furnishings for the Department of State employees and family residences located abroad.
Farooq Kathwari, Chairman and CEO said, "We are pleased that Ethan Allen, an iconic American brand, will help represent America in the homes of Department of State employees and family residences around the world. Our strong focus on North American manufacturing positions us well to serve this program."
The BPA is effective until July 28, 2021. The Worldwide Residential Furniture Program is a multiple award schedule BPA with purchases by the Department of State estimated to be a multimillion-dollar award, of which the Company expects to be a participant.