News Summary: Restoration Hardware's Friedman back

Friedman returning to chairman and co-CEO roles at Restoration Hardware

Associated Press

NEW YORK (AP) -- REUNITED: Home products chain Restoration Hardware said Wednesday that Gary Friedman is returning as chairman and co-CEO. He's once again co-CEO alongside Carlos Alberini.

BACKGROUND: In August there was a media report that said Restoration Hardware's board found Friedman had an inappropriate relationship with a former employee. Friedman was named Chairman Emeritus, Creator and Curator at Restoration Hardware that same month. He left the co-CEO and chairman posts in October.

HIERARCHY: Restoration Hardware Holdings Inc. has also purchased the exclusive right to develop Friedman's Hierarchy venture and will rebrand it as RH Atelier, developing luxury clothing, accessories, shoes and jewelry.

View Comments (0)