Art Van Issues Statement Regarding Financial Future
After reports in Crain's Detroit Business late last week that Art Van management was considering several options including bankruptcy, liquidation or a possible sale to its founding family, a spokesperson for Art Van issued a statement, according to WJRT-TV in Flint,
"We are actively exploring a variety of options with our creditors, investors and landlords--- to ensure Art Van can continue serving our guests and our communities. It is premature at this time-- to comment further--- as no final decisions have been made. In the meantime-- our stores are open, and it is business as usual."