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From Home Furnishing Business
Fab Buys Finnish Design Company One Nordic
June 18,
2014 by in Designer Weekly 
As the flash-sale space peters out, Fab has recently begun transitioning, pivoting away from its earlier model, in which it resold items made by others, into a company that sells its own line of designer goods.
It is a move the company most likely had to make simply to survive.
The company's move into its new direction has now taken a big step forward with the purchase of Finnish designer furniture company One Nordic Furniture Company, which was confirmed to VatorNews on Wednesday.
The exact financial terms of the deal have not been disclosed, but the price was in the "tens of millions of dollars." It was a combination of cash and stock, and through the deal the One Nordic team will now own five percent of the combined company when the transaction is finalized.
Read Entire Story Source: Vator TV