![]() As industry sources told WWD, the strategy netted the company roughly $10 million in sales in 2022 and led to distribution partnerships with retailers including Anthropologie, Nordstrom and Amazon. Launched in New York in 2017 by co-founders Abigail Cook Stone and Sayyid Markar, the digitally native candle brand found success by fostering a strong millennial and Gen Z consumer audience on TikTok and Instagram. ![]() Through the acquisition, Wendover will add the studio’s product offerings to its own selection, along with allowing O’Brien to apply his patterns and hand-painting technique to a wider array of fabrics and additional product lines as he leads pattern design and product expansion efforts.Ĭurio Brands-the Minneapolis-based parent company of fragrance brands Thymes and Capri Blue-acquired candle company Otherland for an undisclosed sum, Women’s Wear Daily reports. Founded more than 25 years ago, the Philadelphia-based studio’s product portfolio includes more than 750 hand-dyed decorative pillows, globally sourced throws, bedding and fabric and pillows for indoor and outdoor use-many of which feature patterns drawn by founder Kevin O’Brien. Following the purchase, Made4Net will function as an independent subsidiary of Ikea, and will continue to operate out of its New Jersey headquarters along with six global offices.įlorida-based Wendover Art Group acquired luxury textile producer Kevin O’Brien Studio, Home Accents Today reports. The Swedish furniture giant plans to utilize Made4Net’s omnichannel fulfillment solutions across its own stores and fulfillment points in an effort to modernize its supply chain operations. Ikea acquired New Jersey–based warehouse management and supply chain software company Made4Net, Furniture Today reports-the terms of the deal were not disclosed. ![]() While such loans make up only about a quarter of today’s outstanding mortgages, they’ve become a valuable perk, sparking a cottage industry of Facebook groups dedicated to helping buyers find them and new companies specializing in their transfer. ![]() As The New York Times reports, if there’s one thing that can move a house in today’s market, it’s an assumable mortgage-a fixed-rate loan that can be passed down from previous homeowners to new buyers. Since the Federal Reserve’s attempts to tamp down inflation sent interest rates soaring last year, the housing market has remained in a state of paralysis: Prospective buyers are discouraged by mortgage costs that have more than doubled from 18 months ago, while homeowners who locked in low rates during the pandemic aren’t eager to reenter the market. Known as the STURDY (Stop Tip-Overs of Risky Dressers on Youth) Act, the bill went through years of legislative back-and-forth before it was officially signed into law by President Biden late last year. The mandatory rule applies to clothing storage units and aims to reduce the number of tip-over incidents-which have been known to injure and even kill children-by employing updated stability, testing and labeling requirements. The result of a yearlong initiative to redefine the company’s vision and unite its brand under one name, the new name also marks the start of a variety of new offerings set to roll out in the coming months, starting with the debut of a new buyer mobile app called Introduced today in preparation for the summer markets in Atlanta and Las Vegas, the app hosts premarket planning tools, a personal QR code for quick badge pickup, a note-taking feature, turn-by-turn market directions and postmarket steps for follow-up and ordering.Ī new federal furniture stability standard will officially take effect September 1, Home News Now reports. International Market Centers announced today that the company is rebranding as Andmore-an entity that combines its physical marketplace business with its Juniper digital offerings. Bed Bath & Beyond will continue to solicit bids until an expected deadline of June 16, after which-if the company receives additional bids-an auction will take place on June 21 to determine the winner. As Axios reports, Bed Bath & Beyond has received a $21.5 million cash bid from Overstock-if accepted, that transaction would include all of the retailer’s IP, goodwill, business data, internet properties, right to mobile applications and certain other contracts. Stay in the know with our weekly roundup of headlines, launches, events, recommended reading and more.īed Bath & Beyond has identified as its “stalking horse” bidder, giving the online retailer the ability to get the first bid on Bed Bath & Beyond’s remaining assets, including its intellectual property. This week in design, the pursuit of an all-out pink aesthetic in director Greta Gerwig’s new Barbie movie went to extremes when the film’s production team caused an international shortage of the vibrant shade of Rosco paint used in the movie’s sets.
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