Restoration Hardware Lowers IPO

October 23, 2012  by in UnCategorized   

By Aggregated Content in Financial Reports on October 24, 2012 from http://www.northbaybusinessjournal.com/63732/restoration-hardware-lowers-ipo-target-to-142m-details-dealings-with-friedman/

RH, the new name for luxury home furnishings retailer Restoration Hardware, lowered the maximum amount it wants to raise in a return to public ownership sometime this year to $142.5 million, according to a new regulatory filing.

The latest amended filing also added financial details to the sensitive relationship between the company and founder Gary Freidman after he resigned as chairman and co-chief executive officer in August to advisory roles as chairman emeritus, "creator and curator."

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