Ethan Allen Grows Overseas Business with Opening of Fourth Store in China.Business Editors DANBURY, Conn.--(BUSINESS WIRE)--May 10, 2004 Ethan Allen Home Interiors (NYSE NYSE See: New York Stock Exchange :ETH eth n. Variant of edh. ), is aggressively taking advantage of the Chinese furniture History China is one of the longest standing major civilizations in the world today. The familiar Asian minimalist aesthetic so often associated with Japan had its origins in China as far back as 1500 BC. market with the opening of its fourth store in China. Continuing to build its brand, Ethan Brand, Ethan acknowledging “the unpardonable sin,” throws himself into a lime kiln. [Am. Lit.: Hawthorne “Ethan Brand” in Hart, 261] See : Suicide Allen opened the Beijing store in May as part of an agreement with Markor Furniture International Ltd. to develop a chain of Ethan Allen retail stores in China. Located at Li Ze Bridge, South Road of Si San Huan, FengTai District, the 35,000-square-foot, three-level store welcomes customers with innovative styles for both casual and classic lifestyles, similar to the company's U.S. stores. Complimentary design service is available upon request. "With the opening of the Beijing store, Ethan Allen continues to strengthen its business overseas," stated Farooq Kathwari Farooq Kathwari is the Chairman, President and Chief Executive officer of Ethan Allen Interiors Inc. He has been president of the Company since 1985 and Chairman and Chief Executive Officer since 1988. In 1989 he formed a group to purchase Ethan Allen and took the Company public in 1993. , Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ethan Allen Inc. "The new store allows us to bring the Ethan Allen brand name and our high quality products and service to the Asian market. High standards of customer service will continue to have a big impact on the premium furniture market in China," added Kathwari. Farooq Kathwari together with Richard Feng, CEO of Markor Furniture International Ltd., and several dignitaries, attended the grand opening festivities fes·tiv·i·ty n. pl. fes·tiv·i·ties 1. A joyous feast, holiday, or celebration; a festival. 2. The pleasure, joy, and gaiety of a festival or celebration. 3. , which began with a flag-raising as ballet dancers entertained quests. The ribbon-cutting ceremony and the burning of the Markor star preceded a press conference after which guests enjoyed lunch and a parting gift. The other three stores in China are located in Urumqi, Tianjin, and Shanghai. Ethan Allen Interiors Inc., a leading manufacturer and retailer of quality home furnishings, sells a full range of products through an exclusive network of more than 300 stores. Stores are located in the United States, Canada, and Mexico, and there are 20 overseas. The company is vertically integrated with manufacturing facilities and sawmills throughout the United States. For more information, visit www.ethanallen.com or call 888-EAHELP1. |
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