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Loves Furniture files for bankruptcy after acquiring former Art Van locations

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Posted at 3:57 PM, Jan 07, 2021
and last updated 2021-01-07 15:57:47-05

(WXYZ) — Loves Furniture, which acquired several former Art Van Furniture locations, has filed for bankruptcy.

According to court filings, the company was formed on April 2, 2020. On May 8, 2020, the company acquired 27 Art Van stores across Michigan, Pennsylvania, Ohio, Illinois, Virginia and Maryland.

The company also opened or acquired 13 more locations between May 29 and October 7, 2020.

According to court filings, the company is filing for bankruptcy due to the pandemic, government restrictions on business operations, the need for additional operational financing and more.

Loves Furniture files for bankruptcy by WXYZ-TV Channel 7 Detroit on Scribd