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Detroit Chapter Event
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Lessons Learned – The Demise of Art Van and Loves Furniture

Thursday, April 29, 2021 - Thursday, April 29, 2021
4:00 PM - 5:30 PM EST
Zoom Webinar
Thursday, April 29, 2021 - 12:00 to 13:30
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Archie "Art" Van Elslander founded Art Van Furniture in 1959 and built a hugely successful and financially conservative company.  In 2020, after a sale to private equity through a controversial leveraged buyout transaction, Art Van filed a chapter 11 bankruptcy case and abruptly closed. In 2021, Loves Furniture, the purchaser of many of the old Art Van stores, also suddenly closed and liquidated, with "Grand Opening" signs being replaced by "Going Out of Business" signs overnight.  Our panel of experts will dissect the downfall of the two companies and highlight the issues that other companies must address to avoid similar fates.  Topics to be discussed include principles of private equity investing, lender workout strategy and negotiations, and liquidation and bankruptcy sales.  

Moderator:
Ethan Dunn, Maxwell Dunn PLC


Panelists:
Brendan Best, Varnum Law
Ty Clutterbuck,Peninsula Capital Partners LLC
Paul Hage, Jaffe Raitt Heuer & Weiss
Laura Marerco, Huron Consulting Group


Free to members and guests.
Zoom link will be sent prior to event to the email address used at time of registration.





The panel discussion will be followed by a 30 minute networking session.

Link for networking:
https://us02web.zoom.us/j/89177427857?pwd=aExKVXZYU2xTZTZWTzZ5Q3FSWisyQT09

Meeting ID: 891 7742 7857
Passcode: networking

Event Cancellation Policy: 

Cancellation is not required for this event.

For more information, contact:

Amanda Rymiszewski
Chapter Executive
313-910-5066

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