Mitchell Gold + Bob Williams
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| File:Logo of MGBW.png Logo of Mitchell Gold + Bob Williams | |
| Furniture store | |
| ISIN | 🆔 |
| Industry | Retail |
| Fate | Liquidation |
| Founded 📆 | 1989, Taylorsville, North Carolina |
| Founder 👔 | Mitchell Gold Bob Williams |
| Defunct | August 26, 2023 |
| Headquarters 🏙️ | Taylorsville, North Carolina, U.S. |
Number of locations | 0 (2023) |
Area served 🗺️ | |
| Products 📟 | Furniture |
| Owner | Independent (1989-1998, 2002-2014) Rowe Furniture (1998-2002) The Stephens Group, LLC. (2014-2023) |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Mitchell Gold + Bob Williams (formerly known as Mitchell Gold) was an American company based in Taylorsville, North Carolina that specialized in developing and manufacturing furniture. At the time of its closing in 2023, the company had 3 plants and 24 signature locations in the United States, with the first one opening in 2007. In August 2023, Mitchell Gold + Bob Williams announced that it would be permanently shuttering its operations after nearly 35 years. [1]
History[edit]
Founders Mitchell Gold and Bob Williams first founded the company back in 1989 as a small upholstery company in Taylorsville, North Carolina.[2] In the early 1990's, the founders purchased an existing factory in Taylorsville, and opened a Mitchell Gold plant in that space.[3]
In 1998, the company was sold to Rowe Furniture in a deal that would allow them to keep managing the business as normal, mainly due to the fact that the founders had a strong role in being part of the LGBTQ+ community, which risked both founders of inheritance taxes if one of the founders were to die, which if a situation like that were to occur, could've driven the company into bankruptcy. In 2002, Gold and Williams bought back the firm with a group of New York investors, and changed the company's name to "Mitchell Gold + Bob Williams" in effort to reflect the contributions of both founders.[4][5]
In 2007, Mitchell Gold + Bob Williams opened their first furniture showroom store in Washington, D.C.. The company quickly expanded to around 25 showrooms during the remainder of its lifetime before shutting down abruptly in August 2023. The majority of these locations were located in urbanized areas, lifestyle centers, indoor shopping malls, or outlet malls.[6]
In late 2014, Mitchell Gold + Bob Williams was sold to family-run equality firm The Stephens Group.[7]
On August 26, 2023, Mitchell Gold + Bob Williams announced that it would be permanently ceasing all operations effective immediately after the announcement, and would be permanently shuttering its 3 plants and factories, its 24 furniture showrooms and outlet stores, and its corporate headquarters in Taylorsville. The company stated it was unable to obtain additional financing to continue operating. All employees were terminated effective almost immediately after the closure was announced. On August 31, 2023, The Stephens Group put Mitchell Gold + Bob Williams into Chapter 11 bankruptcy in the United States District Court for the District of Delaware after the closure announcement.[8][9]
References[edit]
- ↑ "Legendary furniture brand Mitchell Gold + Bob Williams closes its doors". The Washington Post. August 28, 2023. Retrieved August 31, 2023.
- ↑ "Mitchell Gold + Bob Williams shutters abruptly". Business of Home. August 27, 2023. Retrieved August 31, 2023.
- ↑ "Legendary furniture brand Mitchell Gold + Bob Williams closes its doors". The Washington Post. August 28, 2023. Retrieved August 31, 2023.
- ↑ "Rowe Furniture Corp. to Purchase Mitchell Gold for Initial $13 Million". The Wall Street Journal. September 28, 1998. Retrieved August 31, 2023.
- ↑ "Legendary furniture brand Mitchell Gold + Bob Williams closes its doors". The Washington Post. August 28, 2023. Retrieved August 31, 2023.
- ↑ "Legendary furniture brand Mitchell Gold + Bob Williams closes its doors". The Washington Post. August 28, 2023. Retrieved August 31, 2023.
- ↑ "Mitchell Gold + Bob Williams acquired by The Stephens Group". The Stephens Group. January 9, 2015. Retrieved August 31, 2023.
- ↑ "Furniture store Mitchell Gold + Bob Williams is shutting down". CNN. August 29, 2023. Retrieved August 31, 2023.
- ↑ "Stephens Group Puts Owner of Furniture Maker Into Bankruptcy". Bloomberg Law. August 31, 2023. Retrieved August 31, 2023.
This article "Mitchell Gold + Bob Williams (2)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Mitchell Gold + Bob Williams (2). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- AfC submissions by date/01 September 2023
- Furniture retailers of the United States
- Furniture companies of the United States
- Manufacturing companies based in North Carolina
- Manufacturing companies established in 1989
- Retail companies established in 1989
- American companies established in 1989
- Retail companies disestablished in 2023
- American companies disestablished in 2023
- Companies that filed for Chapter 11 bankruptcy in 2023
- 1989 establishments in North Carolina
- 1998 mergers and acquisitions
- 2002 mergers and acquisitions
- 2015 mergers and acquisitions
