Q1 2021 Update
Categories: News & Events, Stump & Company | Published: Mar 31st 2021
The Stump team had a strong Q1 performance as the home furnishing industry continued its own impressive growth trends.
Merger and Acquisition interest is high, as evidenced with our recently announced transactions:
- Braxton Culler was acquired by Classic Home: a large global casegoods/lifestyle company acquiring a leading North Carolina better-end upholstery manufacturer.
- We saw broad interest in Braxton Culler from a variety of casegood companies, offshore importers, and other upholstery companies ...
A Furniture History Lesson
Categories: Articles & Publications, Stump & Company | Published: Mar 26th 2021
Originally published in Furniture Today
by Tim Stump
Our most recent transaction, the sale of Braxton Culler, Inc., is a classic win-win Stump deal, with clear synergies for the buyer and a terrific steward for Braxton’s compelling legacy. It is also a prime example of long-term relationships driving successful deals, as it has been our pleasure to know the Culler family for decades. We wanted to take a moment to reflect on the Company and ...
BRAXTON CULLER, INC. IS ACQUIRED BY CLASSIC HOME, INC.
Categories: Deal Announcements, Stump & Company | Published: Mar 15th 2021
March 15, 2021
Los Angeles, CA & High Point, NC
STUMP & COMPANY SERVED AS EXCLUSIVE FINANCIAL ADVISOR TO BRAXTON CULLER
Classic Home, Inc. announced today that it has acquired 100% of Braxton Culler, Inc., a leading manufacturer of higher end upholstery and occasional wood furniture based in High Point, NC. Classic Home is a Los Angeles based designer, importer and marketer of lifestyle furnishings, and the acquisition of Braxton Culler is its first entry ...
Furniture Today: Classic Home acquires Braxton Culler
Categories: Deal Announcements, Stump & Company | Published: Mar 15th 2021
Originally published in Furniture Today
By Thomas Russell
LOS ANGELES – Whole home furniture resource Classic Home has acquired upper end upholstery manufacturer Braxton Culler Inc., providing the company a domestic manufacturing presence in the upholstery segment.
The company did not reveal a purchase price for Braxton Culler, or other specifics of the deal, other than to say it has purchased 100% of the High Point area-based company.
In addition to a line of domestically ...
The E-Commerce Revolution
Categories: Articles & Publications, Stump & Company | Published: Feb 25th 2021
Originally published in Furniture Today
By Stuart Stump Mullens
COVID-19 has perhaps accelerated the adoption of online consumer purchasing by 10 years. The massive growth rates in 2020 of some of the largest e-commerce platforms selling furniture are staggering:
- Amazon grew 38% and added over $100 billion in revenue. Q4/2020 showed sales growth of 44%.Total revenues are approaching $400 billion.
- Wayfair has a 50% compounded growth rate since 2014. Revenues for 2020 will ...
Recent Posts
- Q1 2021 Update
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A Furniture History Lesson
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BRAXTON CULLER, INC. IS ACQUIRED BY CLASSIC HOME, INC.
- Furniture Today: Classic Home acquires Braxton Culler
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The E-Commerce Revolution
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