RH (RH) Announces the Following Strategic Acquisitions and Hires to Accelerate the Brand’s Transformation

RH (NYSE: RH) announced today 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, and the hiring of 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 Chief Executive Officer, 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.”

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