No items found.

ETHAN ALLEN: Building For The Next Century

An Iconic American Brand Ready for New Leadership and a New Era of Growth

Doug Bergeron, a 5.0% shareholder who has invested significant personal capital, has nominated five proven operators to modernize the business, restore profitable growth and unlock Ethan Allen’s full potential.

The Case for change at Ethan Allen

Ethan Allen’s problem is not its brand or underlying business. It is the governance, leadership, strategy and execution overseeing them.

A Great Brand Losing Ground

Ethan Allen has an iconic American brand, deep North American manufacturing capabilities and an impressive national retail footprint. Yet the Company has underinvested in brand building, innovation, digital capabilities, store experiences and customer acquisition – losing market share in a growing premium home furnishings category while competitors built multibillion-dollar platforms.

A Great Brand Losing GroundA Great Brand Losing Ground

A Great Brand Losing Ground

Ethan Allen has an iconic American brand, deep North American manufacturing capabilities and an impressive national retail footprint. Yet the Company has underinvested in brand building, innovation, digital capabilities, store experiences and customer acquisition – losing market share in a growing premium home furnishings category while competitors built multibillion-dollar platforms.

A Business Shrinking for Decades

Despite repeated claims from the CEO that Ethan Allen is “well positioned,”1 the Company has failed to deliver meaningful growth for nearly two decades. Revenue, operating income, workforce and enterprise value have all declined materially since 2006 – a prolonged failure to turn valuable assets into sustainable growth.2

A Business Shrinking for DecadesA Business Shrinking for Decades

A Business Shrinking for Decades

Despite repeated claims from the CEO that Ethan Allen is “well positioned,”1 the Company has failed to deliver meaningful growth for nearly two decades. Revenue, operating income, workforce and enterprise value have all declined materially since 2006 – a prolonged failure to turn valuable assets into sustainable growth.2

38 Years of the Same Leadership

Ethan Allen’s Chairman and CEO has led the Company for 38 years and continues to hold both roles. Despite prolonged underperformance, the Board has allowed authority to remain centralized and has not disclosed a credible succession plan or demonstrated the modern retail, digital and growth expertise Ethan Allen now requires.

38 Years of the Same Leadership38 Years of the Same Leadership

38 Years of the Same Leadership

Ethan Allen’s Chairman and CEO has led the Company for 38 years and continues to hold both roles. Despite prolonged underperformance, the Board has allowed authority to remain centralized and has not disclosed a credible succession plan or demonstrated the modern retail, digital and growth expertise Ethan Allen now requires.

A Compelling Value Creation Opportunity

Ethan Allen is materially undervalued, but the obstacle is not the brand or underlying business – it is the governance, strategy and execution overseeing them. Doug Bergeron has invested significant personal capital because he believes a new Board and modern leadership can restore profitable growth and potentially triple shareholder value over three years.

A Compelling Value Creation OpportunityA Compelling Value Creation Opportunity

A Compelling Value Creation Opportunity

Ethan Allen is materially undervalued, but the obstacle is not the brand or underlying business – it is the governance, strategy and execution overseeing them. Doug Bergeron has invested significant personal capital because he believes a new Board and modern leadership can restore profitable growth and potentially triple shareholder value over three years.

Learn more about why change is needed at Ethan Allen.

THE Case For Change

A SLATE BUILT FOR ETHAN ALLEN’S NEXT CHAPTER

Proven operators prepared to govern, oversee a leadership transition and reignite growth.

Former VeriFone CEO & Cantaloupe Chairman
Chairish Co-Founder & Former President
Former eBay Strategy Chief & Bain Retail Leader
Former Wayfair Chief Commercial Officer
Former Neiman Marcus Integrated Retail Chief

Our goal is simple: growth and revitalization.

MEET THE Nominees
Sources:

1 Company earnings call transcripts.

2 FactSet.

shareholder feedback

Submit your feedback about Ethan Allen

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Subscribe

Join our mailing list to stay up to date

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Shareholder Contact

Okapi Partners
info@okapipartners.com

Media Contact

Gasthalter & Co.
DGB@gasthalter.com