Daily News
From Home Furnishing Business
Loves Furniture Files for Bankruptcy
January 11,
2021 by Laurie Northington in Business Strategy, Industry 
Loves Furniture, the new retailer that took over many closed Art Van Furniture locations, has filed for Chapter 11 bankruptcy, according to a report from the Detroit Free Press.
The filing, which happened on Jan. 6 in U.S. Bankruptcy Court in Detroit, comes less than a year after Art Van Furniture’s bankruptcy, which turned into a total liquidation for the storied furniture brand.
According to Loves’ bankruptcy attorney, the company is looking to keep open its remaining 13 stores and bring in a liquidation company to run going-out-of-business sales for unsold furniture. Some of those stores still display “grand opening” banners.
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