A pair of 1985 Air Jordans sold for a record $560,000 at auction. Jordan's, which owns four stores in the Boston area and employs 1,200 people, says it sells more furniture per square foot than anyone in the United States. You May Also Like .
''Jordan's Furniture is truly one of the most phenomenal and unique companies that I have ever seen,'' Mr. Buffett said in a statement. Eliot Tatelman, who owns the business with his brother Barry, said that after the sale to Berkshire all of Jordan's employees would receive 50 cents for every hour they have worked for the company.TimesMachine is an exclusive benefit for home delivery and digital subscribers.Berkshire Hathaway Inc., a holding company controlled by the billionaire investor Warren E. Buffett, said today that it would purchase the Massachusetts-based Jordan's Furniture Company for an undisclosed sum.Berkshire already owns several furniture retailers, including Nebraska Furniture Mart, R. C. Willey Home Furnishings and the Star Furniture Company.Typically, the purchase price for a furniture retailer ranges from 50 percent to 100 percent of the company's annual revenue, said Joel Havard, an analyst at Scott & Stringfellow Inc. ''This deal would be valued at least one time revenue, between $200 to $300 million,'' Mr. Havard said.Jordan's, which owns four stores in the Boston area and employs 1,200 people, says it sells more furniture per square foot than anyone in the United States. Sotheby's estimated the shoes would sell for $100,000 to $150,000.
© Gannett Co., Inc. 2020. Jordan's Furniture is a furniture retailer in New England.There are currently seven locations - in Reading; Avon; Taunton; Natick, Massachusetts; Nashua, New Hampshire; Warwick Mall in Warwick, Rhode Island; and New Haven, Connecticut.Jordan's opened their 7th store location at the Maine Mall in South Portland, Maine on July 17, 2020. ''This company is a gem. Digital access or digital and print delivery.
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Choose the plan that's right for you.Your California Privacy Rights / Privacy PolicyOriginal content available for non-commercial use under a Creative Commons license, except where noted. Courtesy of Sotheby's/MEGA The company puts its annual revenue at about $250 million. Jordan's, which sells more furniture per square foot than any company in the United States, is approaching $250 million in annual sales. SKU: …
Jordan had a $555,000 salary in 1984 before his annual basketball income jumped to more than $30 million later in his career.
Vaughan-Bassett Scotsman Seagrass Bench. The price of the sale was not disclosed. Leslie Miller, Associated Press writer
''See the article in its original context from Jordan's Furniture stores feature entertainment for shoppers, including a 48-seat flight-simulator ride and a ''Bourbon Street'' scene with a riverboat and French building facades.
Jordan's Furniture has sensational spring bargains waiting for you. All rights reserved.BOSTON -- Jordan's Furniture, a Boston retailing legend known for its owners' campy radio and television advertisements, is being sold to a subsidiary of billionaire Warren Buffett's company, it was announced yesterday.
Buy Any Outdoor Furniture For $999+ And Get A Free 16'' Rockport Square Planter Excludes Sale Snow. Quick View. The “Air Jordans XII’s” from the 1997 NBA Finals “Flu Game” were sold for $104,765 in 2013. Discover a great selection of kitchen islands from Jordan’s Furniture, designed to fit traditional, contemporary and transitional spaces. Whether you want to create a cozy breakfast nook or need a central location for setting up a buffet meal, a kitchen island will work wonders for your dining space.