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Design Within Reach
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1999 |
| Headquarters | Stamford, Connecticut, U.S. |
Key people | John Edelman (President and CEO) |
| Products | Furniture, home furnishings |
Number of employees | 300 |
| Website | http://www.dwr.com/ |
History
editDesign Within Reach, a national furniture retailer, was founded in 1999 by Rob Forbes, a former potter with an M.B.A. from Stanford University, who believed there was a retail demand among consumers for pieces by the likes of Le Corbusier and Mies van der Rohe. He started the company as a catalog and web resource for modern furniture. [1] The company grew very quickly and went public in July 2004, raising $49.2 million in its IPO.[2] The company expanded rapidly and by the end of 2009 was operating 68 Studios in 25 states. The company voluntarily delisted its shares and sold a majority interest to Glenhill Capital in July 2009. [3]
Current
editJohn Edelman was named President and CEO in January 2010.[4] Under Edelman's guidance, the company has returned to its roots and is once again a leader in modern design. In late 2010 DWR relocated its corporate headquarters to the Harbor Point redevelopment in Stamford, CT. [5] The Connecticut Department of Economic and Community Development is providing as much as $1.5 million in tax credits through the Urban and Industrial Sites Reinvestment Tax Credit program. The program provides tax credits on investments made in urban or industrial sites.[6]
Locations
editDesign Within Reach currently operates 49 Design Studios across the United States and Canada. DWR will open a flagship store in Stamford, CT in June 2011.
References
edit- ^ Bernstein, Fred (12/30/09). "Is a Solution Within Reach?". New York Times.
{{cite news}}: Check date values in:|date=(help) - ^ Strasburg, Jenny. "Design Within Reach issues its IPO". SFGate.com. Retrieved 23 April 2011.
- ^ Brown, Steven. "Design Within Reach changes CEOs". bizjournals.com. Retrieved 23 April 2011.
- ^ "Design Within Reach names John Edelman President and CEO". thestreet.com. Retrieved 23 April 2011.
- ^ "Firm has designs on moving". StamfordAdvocate.com. Retrieved 23 April 2011.
- ^ "Harbor Point lands DWR". thehour.com. Retrieved 23 April 2011.
External links
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