October 27, 2016 3:16 AM ET

Household Durables

Company Overview of Ashley Furniture Industries, Inc.

Company Overview

Ashley Furniture Industries, Inc. manufactures home furniture. It offers living room furniture, such as chairs and ottomans, entertainment centers, occasional tables, recliners, reclining sofas, sectionals, sofas and loveseats, bars, lamps, rugs, wall art, and home accessories. The company also provides dining room products, including Chinas and buffets, and tables and chairs; and bedroom products, such as bedding ensembles, beds, chests and armoires, dressers and mirrors, and youth bedrooms. In addition, it offers mattresses, such as bed pillows and foundations; home accents, including accent pillows; and home office furniture, such as desks and chairs. The company sells its products throug...

One Ashley Way

Arcadia, WI 54612

United States

Founded in 1945





Key Executives for Ashley Furniture Industries, Inc.

Chief Executive Officer
Chief Financial Officer
Vice President of Information Technology
Compensation as of Fiscal Year 2016.

Ashley Furniture Industries, Inc. Key Developments

Ashley Furniture to Pay $1.75 Million to Settle Safety Citations

Ashley Furniture has agreed to pay $1.75 million to settle alleged safety violations at four of its plants, the U.S. Occupational Safety and Health Administration said. Ashley Furniture entered into a corporate-wide agreement aimed at protecting workers from machine hazards, The agreement also resolves all pending citations at the company's plants in Arcadia and Whitehall, Wisconsin, and in Ecru and Ripley, Mississippi. Under the settlement, Ashley will retain a vice-president for safety, implement safety measures to protect employees and submit annual status reports to OSHA during the two-year agreement. The company also will correct all of the cited violations.

Ashley Furniture Industries, Inc. Announces Opening of New Global Retail and Ecommerce Offices

Ashley Furniture Industries, Inc. announced opening of new Global Retail and Ecommerce Offices. The new facility has already created 40 new jobs, and currently employs 200 Floridians. Ashley Furniture currently has more than 30 locations across the state and employs more than 600 Floridians.

Ashley Furniture Industries Will Not Sell

Ashley Furniture Industries, Inc. have decided to retain all of their stock and not pursue a sale of the privately held company. Todd Wanek, Chief Executive Officer said, "After many discussions with several great firms, we concluded that the best option for our customers, our employees and our future is to continue our current path. While Ashley, like all U.S. manufacturers must address a challenging environment, it has the benefits of stable ownership, passionate employees, loyal customers, exciting products, and lots and lots of opportunity for continued growth."

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Recent Private Companies Transactions

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