Nobody expected this. Art Van, which has been experiencing financial difficulties for the past few years has announced it's going out of business. A liquidation sale begins on Friday.
After reports in Crain's Detroit Business 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
Troubling news from Detroit; business news publication Crain's Detroit Business (paywall) is reporting Art Van management is considering several options regarding its operating future. Among the options are bankruptcy, liquidation, and a sale back to its founding family, the Van Elslanders.