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Ethan Allen CEO says share price is going up
2015-09-19 07:11:48| Furniture - Topix.net
Farooq Kathwari, CEO of Ethan Allen, discusses his company's business at Ethan Allen's Danbury headquarters, Friday, sept. 18, 2015.
915 Broadway and Ethan Allen Ceo M. Farooq Kathwari
2015-09-17 16:17:06| Furniture - Topix.net
Contemporary home furnishings retailer Ethan Allen is planning to bring its Uptown Dining Collection to Midtown South, where it will join a growing collection of trendy design stores that now make the area home. The Connecticut-based furniture chain is negotiating an 8,000-square-foot lease at the base of 915 Broadway , a 20-story office building owned by a group of investors headed Earl Altman of ABS Partners Real Estate, sources close to the talks told The Real Deal .
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Ethan Allen CEO addresses investor concerns
2015-09-16 21:12:49| Furniture - Topix.net
While Ethan Allen CEO Farooq Kathwari admitted Wednesday that sales at the locally based furniture company have been relatively flat for the past few years as the company retools its product offerings, he estimated a return to the $1 billion in sales by 2017. Kathwari appeared to be fighting for the company's survival during a more than an hour and a half investors conference call held Wednesday, a day after activist investor Sandell Asset Management Corp. initiated a proxy war by nominating six board of director candidates for the annual meeting to be held in November.
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Ethan Allen activist Sandell attempts takeover
2015-09-15 19:47:04| Furniture - Topix.net
Ethan Allen Interiors Inc., the furnishing retailer being targeted by activist hedge fund Sandell Asset Management Corp., faces a proxy fight for six of its eight board seats at its upcoming annual meeting. Sandell, which owns about 5.5 percent of Ethan Allen, said Tuesday that it nominated six directors, including former ABC Carpet & Home President Ken Pilot and former Pennsylvania Real Estate Investment Trust President Edward Glickman, seeking control of the company's "stale and entrenched board."
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Ethan Allen Interiors Given Average Recommendation of "Hold" by Analysts
2015-09-15 17:46:12| Furniture - Topix.net
Ethan Allen Interiors has received an average recommendation of "Hold" from the six ratings firms that are currently covering the stock, AnalystRatings.Net reports . Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.
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