Skip Nav
HGTV
Flip or Flop Is Making a HUGE Change This Summer
HGTV
The 3 Things You Must Agree to Before Being Cast on Fixer Upper
Home Organization
You've Been Making Your Bed All Wrong! Here's What You Should Be Doing

This Just In: Restoration Hardware To Sell For $267M


The traditional home furnishings company Restoration Hardware has agreed to be sold to private equity firm Catterton Partners for $6.70 a share, or about $267 million. The deal has yet to be approved by shareholders and receive regulatory approval, but the company's CEO and president, Gary Friedman, the board of directors are encouraging stockholders to vote for it. Of the merger, J. Michael Chu, Managing Partner of Catterton Partners said:

"We are pleased to enter into this partnership and look forward to building on the accomplishments of Gary and his team. Since joining the Company several years ago, they have established the Restoration Hardware brand as a leader in the premium home furnishings category. By combining our respective expertise, we believe we can continue to evolve and grow the brand and become a dynamic force in the marketplace."

Source

Around The Web
Join The Conversation
sfbutterfly24 sfbutterfly24 8 years
I always leave this store w/ something & wishing I could buy almost everything. Good thing the one I got to is in Palo Alto or else I would be so broke.
lindaloo lindaloo 8 years
Will this make their prices go down? ha ha
londongirl13 londongirl13 8 years
I love Resto!
londongirl13 londongirl13 8 years
I love Resto!
fleurfairy fleurfairy 8 years
This is one of my favorite housewares stores!
Design Pet Peeves From Brian Patrick Flynn
2011 Kitchen Design Trends From Kelly Edwards of Design on a Dime and Tacky House
100 Year Old French House of Louis Mantin Opens Its Doors
Linen Napkins For Sale
Kid Room Decorating Tips From Restoration Hardware
CasaSugar's January Must Haves
Heirloom Wrought Iron Cribs

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Home & Garden
X