BOARDMAN, Ohio (WYTV) – A court in Delaware has approved the sale of Levin Furniture back to its former owner, Robert Levin.
The purchase price is nearly $26 million.
There will also be a $10 million fund to pay back customers who never received their furniture.
No details were given on which stores will be opening or when that will happen.
Ashley HomeStore owners Matt and John Shultz will be co-CEOs of the new company. They also own the Ashley HomeStore in Boardman, among others.