Restoration Hardware Co-Chief Steps Down After an Inquiry

August 16, 2012  by in UnCategorized   

By Aggregated Content in Furniture Retailing on August 17, 2012 from http://finance.yahoo.com/news/restoration-hardware-co-chief-steps-094205519.html

Gary Friedman, the chairman and co-chief executive of Restoration Hardware, has stepped down from his positions after an internal inquiry into an intimate relationship he had with a 26-year-old female employee, according to people involved in the matter.

The leadership change earlier this week comes at a significant moment for Restoration Hardware as it prepares for an initial public offering. Mr. Friedman, 54, often appears in the company's catalogs in jeans and a T-shirt and is considered the driving force behind the company's vision and aesthetic, which includes high-priced faux antique furniture and hardware accessories.

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