-
Report: Tower Three divests remaining stake in Restoration Hardware
New York -- A report by Wall Street Journal revealed that private equity investor Tower Three Partners will sell its final 3.9 million shares in Restoration Hardware Holdings, marking an exit for the buyout firms that acquired the home furnishings retailer in 2008.
Restoration Hardware’s private-equity backers have been cashing out amid a 90% rally in the stock this year, according to the report.
-
The Container Store teams with BorderFree to take e-commerce global
New York -- E-commerce solution-provider Borderfree said it has partnered with The Container Store to expand the chain’s international e-commerce reach in time for the holidays.
Previously only accessible to consumers in the U.S., and Canada, The Container Store’s online product offerings are now available to consumers in Australia, India, Mexico, Germany, France, Japan, Switzerland, Russia, and the U.K.