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HOME & GARDEN
April 30, 2011 | David A. Keeps
For the 13 years Ray Azoulay has owned the Venice antiques and curiosities business Obsolete, he has built a reputation for having an unconventional eye and a signature look, a neo-Victorian mix of early industrial artifacts, vintage laboratory equipment, steampunk style, taxidermy and other natural oddities. Now the trendsetter is taking on another role: pot stirrer. In a lawsuit filed in Los Angeles County Superior Court earlier this month, Obsolete accused Restoration Hardware of intentional misrepresentation, false advertising and unfair competition, among other legal claims, all stemming from what Azoulay said were the chain store's reproductions of vintage furnishings that he had collected and sold at Obsolete.
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BUSINESS
July 3, 2013 | By Tiffany Hsu
Less than a year after stepping down as chairman and co-chief executive of Restoration Hardware Holding Inc., Gary Friedman is back in his old roles at the swanky Northern California-based home furnishings retailer. The Corte Madera company's former poster boy was reappointed after stepping down in October, reportedly after the board determined that he had had an inappropriate relationship with a 26-year-old female employee. Restoration did not respond to requests for comment.
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BUSINESS
October 2, 2012 | By Shan Li
Home decor chain Restoration Hardware, which recently filed plans for an initial public stock offering, is being sued for allegedly stealing designs for chairs and bar stools. Emeco Industries, a furniture maker from Hanover, Pa., filed suit in federal court in San Francisco accusing Restoration Hardware of trademark infringement and "selling a series of cheap knockoffs" based on Emeco designs, according to the suit. Former co-chief executive Gary Friedman is also named in the suit.
NEWS
February 6, 2013 | By David A. Keeps
Annabel Inganni, the Los Angeles designer behind the Wolfum line of home décor accessories, recently discovered that her bookends -- animal shapes printed with original patterns and sold for $62 -- appear to have been replicated by Threshold, a Target-owned brand, which is selling its bookends for $14.99 online. “I am shocked and frustrated,” Inganni said by email. “Not only is the entire idea so exact -- a printed animal shape on a wood bookend -- but the prints are so similar.” Lookalike designs are nothing new; in 2011 we reported on the the Venice store Obsolete's accusations against Restoration Hardware.
BUSINESS
August 17, 2012 | By Shan Li
The chairman and co-chief executive of upscale home decor chain Restoration Hardware has resigned amid an internal inquiry into his relationship with a 26-year-old female employee, a report says. The resignation of Gary Friedman, 54, who has served as chairman and chief executive since 2001, comes at a delicate time for the Corte Madera company as it readies to go public. The retailer has stayed mum about the reasons for Friedman's departure, but announced earlier this week that co-chief executive Carlos Alberini will take over.
BUSINESS
August 17, 2012 | By Shan Li, Los Angeles Times
The co-chief executive and public face of upscale home decor chain Restoration Hardware Holdings Inc. has resigned, reportedly amid an internal inquiry into his relationship with a 26-year-old female employee. Gary Friedman, 54, who has served as chief executive since 2001, is widely credited with turning around a company once teetering on the brink of bankruptcy. The Marin County retailer is now readying for an initial public stock offering. A black-and-white photo of Friedman, with a 5 o'clock shadow and wearing a leather jacket, is still prominently featured on the retailer's website, next to a letter from the San Francisco native quoting the late Apple CEO Steve Jobs: "If you live each day as if it was your last, someday you'll most certainly be right.
BUSINESS
March 22, 2002 | JEAN SCHEIDNES, REUTERS
Shares of Restoration Hardware Inc. fell 8.3% on Thursday after the retailer reported a quarterly loss due to special charges and said it will restate results for seven previous quarters. The Corte Madera, Calif.-based company postponed release of its results Wednesday by one day and announced plans to restate earlier results to reflect a change in the way it accounts for some revenue. Its shares dropped as much as $1.
BUSINESS
November 9, 2007 | From Bloomberg News
Restoration Hardware Inc., the Corte Madera, Calif.-based home-furnishings chain, agreed to be acquired by buyout firm Catterton Partners for $267 million. The $6.70-a-share offer is more than double Restoration Hardware's closing price Wednesday, the company said Thursday. The company, which has 110 locations in 30 states, said it would solicit higher offers until Dec. 13. The chain, hurt by the worst U.S.
BUSINESS
October 2, 2012 | By Shan Li
Home decor chain Restoration Hardware, which recently filed plans for an initial public stock offering, is being sued for allegedly stealing designs for chairs and bar stools. Emeco Industries, a furniture maker from Hanover, Pa., filed suit in federal court in San Francisco accusing Restoration Hardware of trademark infringement and "selling a series of cheap knockoffs" based on Emeco designs, according to the suit. Former co-chief executive Gary Friedman is also named in the suit.
BUSINESS
August 17, 2012 | By Shan Li
The chairman and co-chief executive of upscale home decor chain Restoration Hardware has resigned amid an internal inquiry into his relationship with a 26-year-old female employee, a report says. The resignation of Gary Friedman, 54, who has served as chairman and chief executive since 2001, comes at a delicate time for the Corte Madera company as it readies to go public. The retailer has stayed mum about the reasons for Friedman's departure, but announced earlier this week that co-chief executive Carlos Alberini will take over.
BUSINESS
August 17, 2012 | By Shan Li, Los Angeles Times
The co-chief executive and public face of upscale home decor chain Restoration Hardware Holdings Inc. has resigned, reportedly amid an internal inquiry into his relationship with a 26-year-old female employee. Gary Friedman, 54, who has served as chief executive since 2001, is widely credited with turning around a company once teetering on the brink of bankruptcy. The Marin County retailer is now readying for an initial public stock offering. A black-and-white photo of Friedman, with a 5 o'clock shadow and wearing a leather jacket, is still prominently featured on the retailer's website, next to a letter from the San Francisco native quoting the late Apple CEO Steve Jobs: "If you live each day as if it was your last, someday you'll most certainly be right.
HOME & GARDEN
April 30, 2011 | David A. Keeps
For the 13 years Ray Azoulay has owned the Venice antiques and curiosities business Obsolete, he has built a reputation for having an unconventional eye and a signature look, a neo-Victorian mix of early industrial artifacts, vintage laboratory equipment, steampunk style, taxidermy and other natural oddities. Now the trendsetter is taking on another role: pot stirrer. In a lawsuit filed in Los Angeles County Superior Court earlier this month, Obsolete accused Restoration Hardware of intentional misrepresentation, false advertising and unfair competition, among other legal claims, all stemming from what Azoulay said were the chain store's reproductions of vintage furnishings that he had collected and sold at Obsolete.
BUSINESS
March 1, 2008 | From Times Wire Services
Home furnishings and gift retailer Restoration Hardware Inc. spurned Sears Holdings Corp.'s $4.55-a-share offer for the company, saying it was not superior to Catterton Partners' offer of $4.50 a share. Department store retailer Sears had submitted its offer Thursday, the last day of a 35-day period for Restoration to solicit competing offers. Sears made a $6.75-a-share offer in November for Restoration, based in Corte Madera, Calif., but later withdrew it as Restoration's shares fell.
BUSINESS
November 27, 2007 | From the Associated Press
Sears Holdings Corp. said Monday it was prepared to buy out the rest of retro-themed retailer Restoration Hardware Inc. for a nickel-a-share premium over a competing offer, a move that could help the iconic chain spruce up its merchandise lines. Sears, which already owns 13.7% of the home-goods company, said it had repeatedly asked for access to Restoration Hardware's confidential financial information and would make a binding offer if those details are provided.
BUSINESS
November 20, 2007 | From Times Wire Services
Sears Holdings Corp., the department store company run by investor Edward Lampert, said it bought a 13.7% stake in Restoration Hardware Inc. Sears disclosed the stake in a regulatory filing and said it held talks with company executives regarding a possible business combination. Restoration Hardware, a Corte Madera, Calif.-based home furnishings chain, agreed to be acquired last week by buyout firm Catterton Partners for $267 million.
BUSINESS
November 9, 2007 | From Bloomberg News
Restoration Hardware Inc., the Corte Madera, Calif.-based home-furnishings chain, agreed to be acquired by buyout firm Catterton Partners for $267 million. The $6.70-a-share offer is more than double Restoration Hardware's closing price Wednesday, the company said Thursday. The company, which has 110 locations in 30 states, said it would solicit higher offers until Dec. 13. The chain, hurt by the worst U.S.
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