In 1932, two New Yorkers, Theodore Baumritter and his brother-in-law Nathan Ansel, founded Baumritter Corp., a housing sales agency. This was during what many see as the worst year of the big depression, and unfortunately people just did not have the extra money for their household goods at that time. Subsequently, in the first place, Baumrit and Ansel lost much of the money they initially invested in the company. In 1936 they bought a furniture factory in Beirut Falls, Vermont. Ancell and Baumritter quickly fell in love with Vermont. They decided to name their furniture company Ethan Allen after the revolutionary leader of Vermont. In 1939 their furniture line debuted in the shops.
Their first collection is a group of 28 pieces of early American furniture. Until 1962, Ancell and Baumritter own 14 furniture factories in the east. By the mid-1960s, Baumritter Corp had the world's largest furniture group, with a line of 1600 pieces to choose from. Also, since the mid-1960s, there were about 700 Ethan Allen stores in the United States. So far, in Switzerland, the Netherlands, Belgium, France, Australia and Canada, there were shops of Ethan Allen. In 1970, Baumrit retired. In 1972, The Baumritter Corp officially changed its name to Ethan Allen Industries and they released their first series of national TV commercials. During that time, in the early 1970s, they also moved their headquarters from New York to Danbury, Connecticut. In addition, at that time, they began to produce draperies, wallpaper, oriental rugs and carpets of wide furniture.
In 1988, M. Fahrooq Kathwari took over Ancell as chairman and CEO. Around 1985, when the company realized that early US furnishings no longer needed much demand, they plan to create new furniture designs that were greeted with great success. Just to name some of them, there is the US dimension line, which focuses on accentuating geometric shapes, Country Crossings, which showcase rural style furniture and legacy lines modeled on Italian architecture. In 1991, Ethan Allen began offering wall paintings, bed linen, textiles, lamps and other items to their store.
In 2008, Ethan Allen's products became available for purchase on the Internet. It is interesting to note that more than 70% of their cherry, maple and fir tree pieces are produced in the United States. Over the years, Ethan Allen has become a highly successful company. As of June 2008, they say sales are about $ 980.0 million, with a net income of $ 58.1 million!