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Restoration Hardware shareholders to sell 10 million shares


Corte Madera, Calif. -- Restoration Hardware Holdings Inc. said Friday that a group of stockholders will plan to sell up to 10 million shares of the company.

The company registered an offering of up to 10 million shares worth as much as $753.2 million. It did not specify who will sell the shares or when the offering is expected to close.

Restoration Hardware's biggest shareholders are the private equity firms Catterton Partners and Tower Three Partners, followed by Glenhill Capital.

Chairman and co-CEO Gary Friedman holds 6.9% of Restoration Hardware's shares. Co-CEO Carlos Alberini owns 3.9%.

Friedman, who stepped down as chairman and co-CEO of the chain last October, recently returned to both those roles.

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