From Home Furnishing Business
RH Announces Acquisitions and Hires to Change The Landscape of Design
RH announced the acquisition of Dmitriy & Co, a to-the-trade custom upholstery atelier, and the hiring of Dmitriy founders, Donna and David Feldman, to create RH Couture Upholstery, the acquisition of the business of Jeup, Inc., a to-the-trade custom furniture atelier, and the hiring of Joseph Jeup to create RH Bespoke Furniture.
They have also hired Margaret Russell, former editor-in-chief of Architectural Digest and Elle Decor, to create RH Media, an editorial-content platform that will celebrate the most innovative and influential people and ideas that are shaping the world of architecture and design.
Gary Friedman, RH Chairman and CEO, commented, “Today’s announcements, plus our previous acquisition of Waterworks, firmly plant four RH flags at the very top of the luxury mountain, and clearly state our intention of establishing RH as an arbiter of taste and design in the to-the-trade, luxury home furnishings market.”
Mr. Friedman continued, “These brands and businesses, thoughtfully integrated and amplified on what we believe will be the world’s most innovative and dynamic global design platform, will begin to fundamentally change the landscape of the interior design industry.”