Latest news with #GaryFriedman
Yahoo
5 days ago
- Business
- Yahoo
RH Opens Second Design Gallery in Canada
MILAN — RH chief executive officer Gary Friedman admitted in June that his business was 'rocked' by reciprocal tariffs, but that's not stopping him from expanding in Canada. On a mission to create the most immersive, physical experience in design, RH has opened its second design gallery in Canada and first design gallery location in the province of Quebec, the firm said Thursday. RH Montreal, The Gallery at Royalmount is located on Quebec's centrally located Chemin de la Côte-de-Liesse. The three-story structure spans more than 49,000 square feet and brings together RH Interiors, its Modern and Outdoor collections, RH's Interior design office, along with art and antiques, all under one roof. It also houses a dramatic glass encased rooftop restaurant, which opens into a landscaped garden. More from WWD Brown Thomas Supports Homegrown Talent Robyn Lynch With Exclusive Capsule Bal Harbour Shops' Roving Mini Mall on the Road Again Boots to Open Stand-alone Fragrance Store Opening the Montreal design gallery is key to Friedman's plan to expand the RH brand globally. His strategy has been focused on opening immersive, convivial spaces that engage with markets on a local level and that keep consumers coming back. During a conference call with analysts in June, he contended this local-centric strategy represents a 'multibillion-dollar opportunity.' In the second half of the year, RH will open design galleries in strategic locations. The Paris opening will take place in September during the Maison&Objet design trade show. Other locations are planned for Detroit; Manhasset in Long Island, New York; San Diegom, and Palm Desert, as well as London and Milan in 2026. Despite a challenging housing market, the worst in 50 years, RH forecasted revenue growth of 10 to 13 percent in fiscal 2025, an adjusted operating margin of 14 to 15 percent and an adjusted earnings before interest, taxes, depreciation and amortization margin of 20 to 21 percent. RH shares are still recovering from the near five-year low they hit after the 'Liberation Day' duties announced by U.S. President Donald Trump on April 2. Since then, the firm has shifted sourcing out of China and rerouted a significant portion of its upholstered furniture to its own North Carolina factory, the firm said. Tensions remain high between the U.S. and Canada. The North American nation has less than a week to reach a trade deal with Trump following his threat to impose 35 percent tariffs on Canadian exports starting Aug. 31. According to Italy's Pambianco Consulting division, RH is the second largest maker of high-end furniture, by sales, in the world. It posted $3.03 billion in sales in 2024. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
7 days ago
- Business
- National Post
RH ANNOUNCES THE OPENING OF RH MONTREAL, THE GALLERY AT ROYALMOUNT
Article content RH Unveils a 49,000-Square-Foot Design Gallery in Montreal Featuring a Rooftop Restaurant & Park, RH Interior Design and Artistic Installations of RH Interiors, Modern and Outdoor Collections Article content CORTE MADERA, Calif. — RH (NYSE: RH) announced today the opening of RH Montreal, The Gallery at Royalmount, an immersive retail experience seamlessly integrating luxury home furnishings collections from RH Interiors, Modern and Outdoor with rare art, antiques and artifacts from across the globe. The brand's first-ever Design Gallery in Québec features a dramatic glass-encased Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics with the freshest ingredients, simply and elegantly prepared. Article content Article content RH Chairman & Chief Executive Officer Gary Friedman Article content commented, 'We believe great architecture amplifies and renders our product and brand more valuable. We either find great historical architecture and readapt it, or we build it. RH Montreal is an entirely new design, built from the ground up.' Article content Mr. Friedman continued, 'The Gallery reflects our quest to continue revolutionizing physical retailing, blurring the lines between residential and retail, indoors and outdoors, home and hospitality. We are proud to introduce this innovative concept to Montreal and to contribute to the vision of Royalmount as a vibrant new destination.' Article content Conceptualized as a transparent, multi-level structure, the Gallery features an artisanal brick facade in a custom parchment-cream palette, a contemporary new concept for the brand. Crafted of hand-selected Italian bricks and finished with classic corbelling, the exterior is complemented by an expanse of glass-and-bronze doors that lead to lush garden courtyards and terraces surrounded by a progression of littleleaf boxwoods. As night falls, the Gallery is transformed through dramatic illumination, highlighting its architectural details and landscaping. Article content Ascending the grand double floating staircase to the third level, guests will arrive at the Rooftop Restaurant where they will encounter a striking open focal kitchen clad in natural Taj Mahal stone, flanked by a pair of cascading water walls. Set within a year-round, skylit garden escape, the restaurant offers a thoughtfully curated menu of enduring classics and fresh seafood dishes, all beneath a dramatic atrium with sparkling chandeliers, heritage olive trees and a cascading center fountain. Article content Seamlessly extending from indoors to out, the restaurant opens onto a beautifully landscaped Rooftop Park. Influenced by the great classical gardens of Europe, this immersive destination encompasses a series of intimate RH Outdoor lounge spaces defined by a layered composition of London plane trees, shade canopies, sculptural evergreens and French limestone fire tables. Article content Occupying the second level, the RH Interior Design Atelier offers clients an unprecedented level of professional design services, including private client presentation rooms with state-of-the-art technology, design libraries showcasing a wide assortment of textiles, furniture and lighting finishes and an RH Rugs showroom presenting an exclusive collection. Article content Commanding the center of the ground level will be the Great Room with its soaring floor-to-ceiling columns. Along the periphery, barrel-vaulted passageways lead to a classical arrangement of rooms presenting artistic installations of RH Collections by internationally acclaimed designers that integrate the brand's furnishings, lighting and décor. Article content RH Montreal, The Gallery at Royalmount is located at 5080 Chemin de la Côte-de-Liesse. Gallery hours of operation are Monday through Wednesday 10am to 8pm; Thursday and Friday 10am to 9pm; Saturday 10am to 5pm; Sunday 10am to 5pm. The Rooftop Restaurant hours of operation are Monday through Wednesday 11:30am to 2:30pm and 5pm to 8pm; Thursday and Friday 11:30am to 2:30pm and 5pm to 9pm; Saturday 10am to 10pm; Sunday 10am to 8pm. Article content For more, visit Article content ABOUT RH Article content This release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the following: RH Montreal being an immersive retail experience that seamlessly integrates RH's luxury home furnishing collections with rare art, antiques and artifacts from across the globe; the Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared; the RH Interior Design Atelier offering clients an unprecedented level of professional design services; and any statements or assumptions underlying any of the foregoing, and similar statements. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We cannot assure you that future developments affecting us will be those that we have anticipated. Important risks and uncertainties that could cause actual results to differ materially from our expectations include, among others, risks related to civil unrest; risks related to general economic conditions and the housing market as well as the impact of economic conditions on consumer confidence and spending; changes in customer demand for our products; our ability to anticipate consumer preferences and buying trends; consumer spending based on weather and other conditions beyond our control; risks related to the number of new business initiatives we are undertaking; our ability to obtain our products in a timely fashion or in the quantities required; risks related to our sourcing and supply chain including our dependence on imported products produced by foreign manufacturers and risks related to importation of such products, as well as those risks and uncertainties disclosed under the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in RH's most recent Form 10-K and Forms 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on our investor relations website at and on the SEC website at Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. Article content Article content Article content Article content
Yahoo
7 days ago
- Business
- Yahoo
RH ANNOUNCES THE OPENING OF RH MONTREAL, THE GALLERY AT ROYALMOUNT
RH Unveils a 49,000-Square-Foot Design Gallery in Montreal Featuring a Rooftop Restaurant & Park, RH Interior Design and Artistic Installations of RH Interiors, Modern and Outdoor Collections CORTE MADERA, Calif., July 24, 2025--(BUSINESS WIRE)--RH (NYSE: RH) announced today the opening of RH Montreal, The Gallery at Royalmount, an immersive retail experience seamlessly integrating luxury home furnishings collections from RH Interiors, Modern and Outdoor with rare art, antiques and artifacts from across the globe. The brand's first-ever Design Gallery in Québec features a dramatic glass-encased Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics with the freshest ingredients, simply and elegantly prepared. RH Chairman & Chief Executive Officer Gary Friedman commented, "We believe great architecture amplifies and renders our product and brand more valuable. We either find great historical architecture and readapt it, or we build it. RH Montreal is an entirely new design, built from the ground up." Mr. Friedman continued, "The Gallery reflects our quest to continue revolutionizing physical retailing, blurring the lines between residential and retail, indoors and outdoors, home and hospitality. We are proud to introduce this innovative concept to Montreal and to contribute to the vision of Royalmount as a vibrant new destination." Conceptualized as a transparent, multi-level structure, the Gallery features an artisanal brick facade in a custom parchment-cream palette, a contemporary new concept for the brand. Crafted of hand-selected Italian bricks and finished with classic corbelling, the exterior is complemented by an expanse of glass-and-bronze doors that lead to lush garden courtyards and terraces surrounded by a progression of littleleaf boxwoods. As night falls, the Gallery is transformed through dramatic illumination, highlighting its architectural details and landscaping. Ascending the grand double floating staircase to the third level, guests will arrive at the Rooftop Restaurant where they will encounter a striking open focal kitchen clad in natural Taj Mahal stone, flanked by a pair of cascading water walls. Set within a year-round, skylit garden escape, the restaurant offers a thoughtfully curated menu of enduring classics and fresh seafood dishes, all beneath a dramatic atrium with sparkling chandeliers, heritage olive trees and a cascading center fountain. Seamlessly extending from indoors to out, the restaurant opens onto a beautifully landscaped Rooftop Park. Influenced by the great classical gardens of Europe, this immersive destination encompasses a series of intimate RH Outdoor lounge spaces defined by a layered composition of London plane trees, shade canopies, sculptural evergreens and French limestone fire tables. Occupying the second level, the RH Interior Design Atelier offers clients an unprecedented level of professional design services, including private client presentation rooms with state-of-the-art technology, design libraries showcasing a wide assortment of textiles, furniture and lighting finishes and an RH Rugs showroom presenting an exclusive collection. Commanding the center of the ground level will be the Great Room with its soaring floor-to-ceiling columns. Along the periphery, barrel-vaulted passageways lead to a classical arrangement of rooms presenting artistic installations of RH Collections by internationally acclaimed designers that integrate the brand's furnishings, lighting and décor. RH Montreal, The Gallery at Royalmount is located at 5080 Chemin de la Côte-de-Liesse. Gallery hours of operation are Monday through Wednesday 10am to 8pm; Thursday and Friday 10am to 9pm; Saturday 10am to 5pm; Sunday 10am to 5pm. The Rooftop Restaurant hours of operation are Monday through Wednesday 11:30am to 2:30pm and 5pm to 8pm; Thursday and Friday 11:30am to 2:30pm and 5pm to 9pm; Saturday 10am to 10pm; Sunday 10am to 8pm. For more, visit ABOUT RH RH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market. The company offers collections through its retail galleries, sourcebooks and online at and FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the following: RH Montreal being an immersive retail experience that seamlessly integrates RH's luxury home furnishing collections with rare art, antiques and artifacts from across the globe; the Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared; the RH Interior Design Atelier offering clients an unprecedented level of professional design services; and any statements or assumptions underlying any of the foregoing, and similar statements. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We cannot assure you that future developments affecting us will be those that we have anticipated. Important risks and uncertainties that could cause actual results to differ materially from our expectations include, among others, risks related to civil unrest; risks related to general economic conditions and the housing market as well as the impact of economic conditions on consumer confidence and spending; changes in customer demand for our products; our ability to anticipate consumer preferences and buying trends; consumer spending based on weather and other conditions beyond our control; risks related to the number of new business initiatives we are undertaking; our ability to obtain our products in a timely fashion or in the quantities required; risks related to our sourcing and supply chain including our dependence on imported products produced by foreign manufacturers and risks related to importation of such products, as well as those risks and uncertainties disclosed under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in RH's most recent Form 10-K and Forms 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on our investor relations website at and on the SEC website at Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. View source version on Contacts PRESS CONTACT: TruthGroup@ INVESTOR RELATIONS CONTACT: InvestorRelations@
Business Wire
7 days ago
- Business
- Business Wire
RH ANNOUNCES THE OPENING OF RH MONTREAL, THE GALLERY AT ROYALMOUNT
CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) announced today the opening of RH Montreal, The Gallery at Royalmount, an immersive retail experience seamlessly integrating luxury home furnishings collections from RH Interiors, Modern and Outdoor with rare art, antiques and artifacts from across the globe. The brand's first-ever Design Gallery in Québec features a dramatic glass-encased Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics with the freshest ingredients, simply and elegantly prepared. RH Chairman & Chief Executive Officer Gary Friedman commented, 'We believe great architecture amplifies and renders our product and brand more valuable. We either find great historical architecture and readapt it, or we build it. RH Montreal is an entirely new design, built from the ground up.' Mr. Friedman continued, 'The Gallery reflects our quest to continue revolutionizing physical retailing, blurring the lines between residential and retail, indoors and outdoors, home and hospitality. We are proud to introduce this innovative concept to Montreal and to contribute to the vision of Royalmount as a vibrant new destination.' Conceptualized as a transparent, multi-level structure, the Gallery features an artisanal brick facade in a custom parchment-cream palette, a contemporary new concept for the brand. Crafted of hand-selected Italian bricks and finished with classic corbelling, the exterior is complemented by an expanse of glass-and-bronze doors that lead to lush garden courtyards and terraces surrounded by a progression of littleleaf boxwoods. As night falls, the Gallery is transformed through dramatic illumination, highlighting its architectural details and landscaping. Ascending the grand double floating staircase to the third level, guests will arrive at the Rooftop Restaurant where they will encounter a striking open focal kitchen clad in natural Taj Mahal stone, flanked by a pair of cascading water walls. Set within a year-round, skylit garden escape, the restaurant offers a thoughtfully curated menu of enduring classics and fresh seafood dishes, all beneath a dramatic atrium with sparkling chandeliers, heritage olive trees and a cascading center fountain. Seamlessly extending from indoors to out, the restaurant opens onto a beautifully landscaped Rooftop Park. Influenced by the great classical gardens of Europe, this immersive destination encompasses a series of intimate RH Outdoor lounge spaces defined by a layered composition of London plane trees, shade canopies, sculptural evergreens and French limestone fire tables. Occupying the second level, the RH Interior Design Atelier offers clients an unprecedented level of professional design services, including private client presentation rooms with state-of-the-art technology, design libraries showcasing a wide assortment of textiles, furniture and lighting finishes and an RH Rugs showroom presenting an exclusive collection. Commanding the center of the ground level will be the Great Room with its soaring floor-to-ceiling columns. Along the periphery, barrel-vaulted passageways lead to a classical arrangement of rooms presenting artistic installations of RH Collections by internationally acclaimed designers that integrate the brand's furnishings, lighting and décor. RH Montreal, The Gallery at Royalmount is located at 5080 Chemin de la Côte-de-Liesse. Gallery hours of operation are Monday through Wednesday 10am to 8pm; Thursday and Friday 10am to 9pm; Saturday 10am to 5pm; Sunday 10am to 5pm. The Rooftop Restaurant hours of operation are Monday through Wednesday 11:30am to 2:30pm and 5pm to 8pm; Thursday and Friday 11:30am to 2:30pm and 5pm to 9pm; Saturday 10am to 10pm; Sunday 10am to 8pm. For more, visit ABOUT RH RH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market. The company offers collections through its retail galleries, sourcebooks and online at and FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the following: RH Montreal being an immersive retail experience that seamlessly integrates RH's luxury home furnishing collections with rare art, antiques and artifacts from across the globe; the Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared; the RH Interior Design Atelier offering clients an unprecedented level of professional design services; and any statements or assumptions underlying any of the foregoing, and similar statements. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We cannot assure you that future developments affecting us will be those that we have anticipated. Important risks and uncertainties that could cause actual results to differ materially from our expectations include, among others, risks related to civil unrest; risks related to general economic conditions and the housing market as well as the impact of economic conditions on consumer confidence and spending; changes in customer demand for our products; our ability to anticipate consumer preferences and buying trends; consumer spending based on weather and other conditions beyond our control; risks related to the number of new business initiatives we are undertaking; our ability to obtain our products in a timely fashion or in the quantities required; risks related to our sourcing and supply chain including our dependence on imported products produced by foreign manufacturers and risks related to importation of such products, as well as those risks and uncertainties disclosed under the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in RH's most recent Form 10-K and Forms 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on our investor relations website at and on the SEC website at Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Yahoo
05-07-2025
- Business
- Yahoo
Jim Cramer Says RH 'Feels Dicey'
RH (NYSE:RH) is one of the 22 stocks Jim Cramer recently talked about. Calling it 'dicey', Cramer remarked, 'RH… Restoration Hardware feels dicey, especially with that balance sheet, but it could be a nice short squeeze.' A customer happily browsing aisles of high-end furniture in a large showroom. RH (NYSE:RH) is a lifestyle brand and retailer focused on the home furnishings market. The company provides a broad selection of furniture, lighting, textiles, and décor. On April 8, the company received a comment from Cramer as he said: 'It's kind of like RH, the old Restoration Hardware, which has fallen from $457 to $149 in less than four months. This is Gary Friedman's company. He is total money, but if you buy it here, you're betting that the wealthy customers should be able to deal with the tariffs that we put on all of their beautiful furnishings. This stuff's pretty expensive already, although I'd argue it's worth the price. However, RH also makes a ton of furniture in Vietnam and it's hard to say it'll be worth the price once you throw in that 46% tariff.' While we acknowledge the potential of RH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
