Goldman Sachs Downgrades Restoration Hardware (RH) to Sell

RH Reports Third Quarter 2022 Results

CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE: RH) has released its financial results for the third quarter ended October 29, 2022, in a shareholder letter from Chairman and Chief Executive Officer Gary Friedman, available on the Investor Relations section of its website at... More

RH Announces the Following Strategic Acquisitions and Hires to Accelerate the Brand’s Transformation and Climb up the Luxury Mountain

The Acquisition of Dmitriy & Co, a To-the-Trade Custom Upholstery Atelier and the Creation of RH Couture Upholstery

The Acquisition of the Business of Jeup, Inc., a To-the-Trade Custom Furniture Atelier and the Creation of RH Bespoke Furniture

The Naming of Margaret Russell, Former Editor in Chief of Architectural Digest and Elle Decor, as Chief Editorial Officer of RH Media

CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE: RH) announced today the acquisition of Dmitriy & Co, a To-the-Trade custom upholstery atelier, and the hiring of... More

RH Announces Chairman & CEO Gary Friedman Plans to Exercise Expiring Stock Options and Sell a Portion of the Shares to Fund the Exercise and Satisfy Tax Obligations

CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE: RH) announced today that Chairman & Chief Executive Officer Gary Friedman intends to sell approximately 0.7 million shares of common stock related to 1.0 million options that are set to expire in connection with the ten-year anniversary of the grant date of July 2013. Mr. Friedman plans to use the sale proceeds to fund the option exercise and satisfy the resulting tax obligations.

Following the option exercise and sale, Mr. Friedman will retain beneficial ownership of approximately 5.0 million shares, representing approximately 19% of RHs common stock... More