Ashley Furniture could be sold

Ashley Furniture confirmed today that it has hired Goldman Sachs to evaluate its opportunities after the Wall Street Journal reported the retailer is for sale.

Arcadia-based Ashley, which has Milwaukee-area furniture stores in Brookfield, Greenfield, Kenosha and Richfield, said it is consulting with Goldman on “a variety of investment alternatives and other opportunities to enhance the future growth and continued success of Ashley.”

The Wall Street Journal reported the furniture maker, one of the largest in the world, could be worth more than $3 billion.

Chief executive officer Todd Wanek emphasized that the company’s conversations are exploratory and it has not made any decisions.

“Ashley Furniture is a great American success story and regularly attracts outside interest from others who want to support and participate in our future success,” Wanek said.  “All future decisions will be based on what is best for our employees and their families, our company, and the communities we serve.”

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