News

A Furniture History Lesson

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.

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

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

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 ...

Profile: The Stump Companies

Originally published by VanNoppen Marketing

by Allen VanNoppen

Nearly 50 years ago Charlotte businessman Ralph Stump founded The Stump Companies with a clear mission to provide owners of the furniture industries with real estate transactions and trusted, smart and confidential financial leadership overseeing mergers and acquisitions.

Today, with headquarters still entrenched in Charlotte, the company has evolved into a multi-generational, family-owned, industry sector powerhouse dedicated to home furnishings mergers and acquisitions and real estate brokerage ...

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