Michigan-based Art Van Furniture has signed a letter of intent to acquire five franchise stores in the St. Louis area early this year. The financial terms were not disclosed.
The furniture chain entered the St. Louis market in November 2017, when it signed a franchise agreement with local furniture retailer Rothman Furniture & Mattress. The stores rebranded as Art Van Furniture the following year.
Jay Steinback, the Rothman president and CEO who struck the initial deal with Art Van in 2017, will continue to oversee the customer delivery services for Art Van in the St. Louis region.
Art Van Furniture runs 188 stores across nine states.
Read more: St. Louis Post-Dispatch