Home / Knowledge / News / Textiles / Ethan Allen plans to expand NC upholstery operations
Ethan Allen plans to expand NC upholstery operations
04
Jun '09
Farooq Kathwari (Chairman and CEO)
Farooq Kathwari (Chairman and CEO)
Ethan Allen Interiors Inc announced it will expand its upholstery manufacturing operations in Maiden, North Carolina as it transfers production from its upholstery operation in Chino, California.

The Chino facility lease expires in seven months and was the Company's only leased manufacturing facility. The consolidation of the Chino operations will affect 65 employees plus an additional 137 contracted workers provided by employment agencies.

The Company expects to record pre-tax restructuring, impairment, severance and other related charges of approximately $2.7 to $3.1 million, the majority of which will be non-cash in nature representing an after-tax impact of $1.7 to $2.0 million or $0.06 to $0.07 per diluted share. The majority of this charge is expected to be recorded in the quarter ending June 30, 2009.

The Maiden, North Carolina operation currently has 540 employees and with this change the Company expects to add 302 additional jobs over the next three years.

Farooq Kathwari, Chairman and CEO commented, "The severe recession has resulted in many challenges and also created opportunities to accelerate the reinvention process in establishing a stronger enterprise. We very much regret the impact of this consolidation to our Chino associates.

Our plan to expand upholstery operations in Maiden, North Carolina, where we have been operating since 1949, will start immediately. We are pleased that the state and local governmental authorities in North Carolina worked with us in this transition."

Ethan Allen Interiors Inc


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search