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By Home Furnishings Business in on May 28, 2013
The name change for the largest bedding acquisition is final.
Tempur-Pedic International (NYSE: TPX) will now be known as Tempur Sealy International. The new name recognizes the recent acquisition of Sealy completed in March.
The company's portfolio of brands and consumer-facing marketing will not be affected by the corporate name change and the brands will continue to be represented in the market as they are today.
The company's corporate headquarters will be in Lexington, Ken., and its subsidiaries will continue with their existing names. Tempur Sealy will continue to trade on the NYSE under the symbol "TPX".
"While the Tempur Sealy International name is new, our well-recognized industry leading global brands remain distinct," said Mark Sarvary, president and CEO. "I am very optimistic about the future growth potential for our company."
The company has also created a new corporate Web site. The site features information on the company, including its brands, history, and leadership, as well as links to relevant investor and press materials.
By Home Furnishings Business in Business Strategy on May 28, 2013
Ethan Allen Interiors (NYSE: ETH) continues its international expansion with the opening of its new location in Antwerp, Belgium, the company's second European location.
The opening celebration of the new space on was held May 16. Ethan Allen established its presence in new international markets late last year with the opening of locations in Montreal and Brussels and has plans for additional international openings this summer and fall.
"All over the world, the same things are important to our clients," said Farooq Kathwari, Ethan Allen chairman, president and CEO. "Customization is key, as is the ability to shop in a 'total home resource' environment. We will reveal some exciting new developments in these areas in the months to come".
Located in the heart of Antwerp's fashion district, Ethan Allen's newest international location showcases a boutique-style layout complete with the company's newest furniture and accessories plus the latest user-friendly technology. In addition, clients can use room-planning software on large touchscreens to see layout options and preview their purchases. With more custom options than ever, the company offers clients countless ways to make any look their own.
"Antwerp has long been considered a fashion center in Northern Europe," said Arne Borrey, vice president of international. "Located in Flanders and with its proximity to Holland, and Germany, we believe that the style-seekers from all of these locales will relate well to our luxury made affordable approach to interior design."
Like in Brussels, the location in Antwerp will support further expansion in Europe. In a move to continue to build interest within the European design community and draw potential partners, the company also showed at January's prestigious Maison & Objet in Paris. To further establish its presence in Europe, Ethan Allen will launch a European Web site later this year.
The new location in Antwerp brings the number of international Ethan Allen locations to nearly 100. The company also plans to open new international locations this year in: Jeddah, Saudi Arabia; Amman, Jordan; Seoul, Korea; Bucharest, Romania; and several cities in China.
By Home Furnishings Business in Bedding on May 28, 2013
Chinese bedding supplier De Rucci Bedding Co. has partnered with a thermal management company to create a line of heated and cooled mattresses in China.
Gentherm Inc. (NASDAQ-GS: THRM) is a supplier of thermal technologies based in Northville, Mich.
Gentherm will supply its Climate Control Sleep System for installation into specially designed De Rucci mattresses. The mattresses will be sold by De Rucci and its distributors under the De Rucci 3D brand and be available in king sizes in select markets in China beginning this fall.
"China is evolving into the world's biggest market for luxury goods," said Wang Binkun, president of De Rucci. "As a result, a growing number of Chinese consumers are realizing the importance of a comfortable bed and a good night's sleep. Gentherm's CCSS technology meets this demand for luxury, and allows consumers to adjust their personal sleeping climate to the temperatures they desire."
Gentherm, known originally for its heated and cooled seat systems for the automotive market, initially launched a line of heated and cooled bedding products in the U.S. in the fall of 2011. The company generated about $1.4 million in sales from bedding products in 2012 and is expected to at least double that in 2013.
"Bedding has become a key product for us," said Daniel Coker, Gentherm president and CEO. "The popularity of CCSS in the U.S. is gaining traction as we prepare to launch it in other key markets around the world. For the Chinese market, we looked for a manufacturer with extensive retail presence throughout the country and De Rucci fit that profile."
By Aggregated Content in Business Strategy on May 26, 2013
Looking out from her home, Candace Barnes can see the freighters come in and out, day after day, with furniture, goods, and potentially more waste.
"If you create something that's classic and timeless, it's not something that's going to end up on the street," says Barnes, president and creative director of interior design firm Candace Barnes, Inc. "It's a green issue."
Barnes, who has been involved in the arts all her life, is a licensed antique dealer and architect as well, and has her own line of custom furniture.
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By Aggregated Content in on May 26, 2013
It's time for the Greater San Antonio Builders Association's Parade of Homes, the event where the kitchens are worthy of cooking shows and the backyards look like mini resort hotels.
The event in which the masses - usually 20,000 to 30,000 people - visit luxury houses continues through Monday at the Cibolo Canyons' Palacios neighborhood.
All seven of the houses are certified by Build San Antonio Green.
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