STOCK TITAN

For 5th Consecutive Year, Ethan Allen Upholstery Plant Recognized as Environmentally & Socially Responsible

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Ethan Allen's upholstery manufacturing operations in Silao, Mexico, have been recognized as 'Empresa Socialmente Responsable' for the fifth consecutive year by the Mexican Center for Corporate Philanthropy and the Alliance for Corporate Social Responsibility. This accolade highlights the company's dedication to socially responsible practices and sustainability, setting a benchmark in Latin America's business landscape. The operation in Silao provides various benefits to its associates, including nutritious meals, transportation, and on-site healthcare services.
Positive
  • None.
Negative
  • None.

DANBURY, Conn., Feb. 29, 2024 (GLOBE NEWSWIRE) -- For the fifth year in a row, the Mexican Center for Corporate Philanthropy and the Alliance for Corporate Social Responsibility has recognized Ethan Allen’s upholstery manufacturing operations in Silao, Guanajuato, Mexico, as “Empresa Socialmente Responsible” (Environmentally and Socially Responsible).

The recognition is awarded to companies that implement socially responsible management and sustainability commitments, thus positioning themselves as leaders within Latin America’s business environment. “This achievement and the model set for the business sector in Mexico are reasons for celebration,” wrote Prof. María Guadalupe Hernández Balderas, the organization’s General Director.

Ethan Allen’s upholstery operation in Silao offers nutritious meals plus transportation to and from work for all its associates. Staffed by a doctor and a team of nurses, an on-site clinic provides care for associates, offering vaccines and dispensing over-the-counter medications.

Responding to the recognition, Ethan Allen Chairman, President and CEO Farooq Kathwari noted “We’re proud of our commitment to manufacturing in North America, where about 75% of our products are made. The efforts of our Silao associates reflect our enterprise-wide commitment to sustainability and social responsibility.”

ABOUT ETHAN ALLEN
Ethan Allen (NYSE:ETD), recently named America's #1 Premium Furniture Retailer and among America's Top 10 Retailers by Newsweek, is a leading interior design destination combining state-of-the-art technology with personal service. Our design centers, which represent a mix of independent licensees and Company-owned and operated locations, offer complimentary interior design service and sell a full range of home furnishings, including custom furniture and artisan-crafted accents for every room in the home. Vertically integrated from product design through logistics, we manufacture about 75% of our custom-crafted products in our North American manufacturing facilities and have been recognized for product quality and craftsmanship since 1932. Learn more at www.ethanallen.com and follow us on Facebook, Instagram, and LinkedIn. 

CONTACT:
Catherine Plaisted
Vice President, Marketing
203.743.8565
Catherine.plaisted@ethanallen.com


FAQ

What is the significance of Ethan Allen's recognition as 'Empresa Socialmente Responsable'?

The recognition signifies the company's commitment to socially responsible management and sustainability, positioning them as leaders in Latin America's business environment.

What benefits does Ethan Allen's upholstery operation in Silao offer to its associates?

The operation provides nutritious meals, transportation to and from work, and on-site healthcare services including a clinic staffed by medical professionals.

Who wrote the statement celebrating Ethan Allen's recognition?

Prof. María Guadalupe Hernández Balderas, the General Director of the Mexican Center for Corporate Philanthropy and the Alliance for Corporate Social Responsibility, wrote the statement.

What was Farooq Kathwari's response to the recognition?

Farooq Kathwari, Ethan Allen's Chairman, President, and CEO, expressed pride in the company's commitment to manufacturing in North America.

Ethan Allen Interiors Inc

NYSE:ETD

ETD Rankings

ETD Latest News

ETD Stock Data

717.38M
22.88M
10.02%
87.83%
10.75%
Furnishings, Fixtures & Appliances
Wood Household Furniture, (no Upholstered)
Link
United States of America
DANBURY