Concept

W. & J. Sloane

Summary
W. & J. Sloane was a luxury furniture and rug store in New York City that catered to the prominent, including the White House and the Breakers, and wealthy, including the Rockefeller, Whitney, and Vanderbilt families. After a long period of prosperity and prominence, the firm went through a short period of decline and was forced to file for bankruptcy in 1985. History On March 2, 1843, the company was founded as a rug importer and seller by William Sloane, who had just emigrated from Kilmarnock, Scotland, a town famous for expensive furniture, fine carpets and rugs. Its teak and jute resources came from East Bengal (present day Bangladesh). In 1852, his younger brother John W. Sloane joined the firm, upon which it was renamed W. & J. Sloane, followed by William's son William Douglas Sloane. It was the first company to import oriental carpets into the United States. It soon expanded to include furniture and other home furnishings, and quickly becam
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