The parent company of Levin Furniture is disputing what the former owner says stopped the sale of the business.
On Friday, Robert Levin, the former owner and president of Levin Furniture, said in a news release, “Two weeks ago, Robert Levin and the parent company of Levin Furniture executed a Letter of Intent which would have allowed Robert Levin, the former President and Owner of Pittsburgh-based Levin Furniture, to buy the business as an ongoing concern through a Bankruptcy Court restructuring of the parent company Art Van Furniture, LLC. Yesterday, Robert Levin learned that Art Van Furniture, LLC has decided to close all of the Levin Furniture and Wolf Furniture Stores immediately, to terminate the employees, and to not proceed with the terms of their agreement.”
Diane Charles, a spokesperson for Art Van, said that Levin is the one who stopped the sale.
She released this statement, “Art Van was notified by Robert Levin’s advisors on Thursday, March 19th that he was no longer willing to proceed with a purchase of the Levin business. While we recognize COVID-19 is having a profound and unanticipated impact on all retail businesses, the assertion that Art Van is no longer willing to sell the business on the previously negotiated terms is false. Art Van stands willing to complete the transaction.”
Earlier this month, Robert Levin had announced his intention to buy back Levin Furniture along with the Wolf Furniture stores in Pennsylvania, from parent company Art Van Furniture, LLC.
Art Van Furniture had announced plans to liquidate all of its stores beginning on March 6. It was reported that the deal for Levin to buy the stores was signed on March 4 and that it included all nine Wolf Furniture stores in Pennsylvania, as well as 18 Levin Furniture and 17 Levin Mattress stores between Pittsburgh and Cleveland.
When asked about customers who have made purchases and paid for them, Charles said, the coronavirus outbreak has disrupted its services.
“With the continued concerns related to COVID-19 and the loss of personnel, we are unable to keep the Smithton, Pa., and Bellwood, Pa., warehouses or the stores open for customer pick up (CPU) at this time. We will provided further updates to LevinFurniture.com and WolfFurniture.com websites once we have them.
We know customers will have questions regarding customer service policies and many other important topics. Our operational teams are working diligently to finalize and document those details, and we will communicate them to you as soon as possible. We ask for your patience. … Unfortunately, a confluence of factors has left us with no alternative at this time but to take this action and notify you in as orderly way as we possibly can.”
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