An Outlook on the Furniture Industry
Categories: Articles & Publications, Stump & Company | Published: Dec 1st 2020
Originally published in Axial
by Bo Stump
The furniture industry, like many others, has experienced rapid changes this year. Most notably: Consumption Patterns. The existential COVID-19 mandate to work (or for many, live) at home all day, every day, has been a boon to home and home office furnishings suppliers, as many consumers realized they needed a better home office, while others took the opportunity to upgrade dining and living areas. Many employers now give ...
Reflections on 2020 and a look forward to 2021
Categories: Articles & Publications, Stump & Company | Published: Nov 20th 2020
Originally published in Home News Now
Stump & Co.’s Bo Stump is optimistic about the year ahead, projecting sustainable high demand and a supply chain gradually regaining balance
by Bo Stump
When 2020 began our country was dealing with a presidential impeachment process, a roaring economy, a record setting stock market, and hopes of sustaining a 10+ year business cycle.
On February 24th we attended Billy Joel’s monthly concert in NYC’s Madison ...
VAUGHAN BENZ IS ACQUIRED BY MANDY LI COLLECTION
Categories: Deal Announcements, Mergers & Acquisitions | Published: Nov 18th 2020
November 18, 2020
Stump & Company (“Stump”) is pleased to announce that it served as the exclusive financial advisor to Vaughan Benz® in its recently completed acquisition by Mandy Li Collection®, which closed on Friday November 13th. Longtime friends of both high-end hospitality players, the Stump team was thrilled to bring these two parties together.
Vaughan Benz® founders David Benz and Scott Vaughan expressed a driving desire during the transaction to preserve the company's commitment ...
URBAN HARDWOODS, LLC IS ACQUIRED BY URBAN LUMBER COMPANY INC.
Categories: Deal Announcements, Mergers & Acquisitions | Published: Nov 6th 2020
November 6, 2020
Stump & Company (“Stump”) is pleased to announce that it served as the exclusive financial advisor to Urban Hardwoods, LLC (“Urban Hardwoods” or the “Company”) in its recently completed acquisition by Urban Lumber Company Inc. (“Urban Lumber”).
Founded in 2001, Urban Hardwoods specializes in the salvage, milling, curing, design and fabrication of beautiful live edge tables. Urban Hardwoods furniture is handcrafted in Seattle, Washington and ninety percent of materials are sourced ...
October 2020 Market Update
Categories: Market | Published: Oct 20th 2020
The Stump team spent an uncharacteristically brief 24-hours in High Point last week at the Fall Market. With extra working days added for exhibitors, partially closed/“appointment-only” showroom policies, and ever-present COVID precautions we did not roam the halls nor shake hands as normal.
Nevertheless, we met with over 20 industry CEOs and owners, re-connected with old friends, and made several new connections. We also pitched a handful of potential buyers on two residential upholstery ...
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