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06-18-2014, 06:23 PM
Fab Buys a Furniture Company for 'Tens of Millions of Dollars'
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Fab's business may be facing tough times, but at least the company will have plenty of furniture to fall back on.
The ecommerce startup an**unced Wednesday morning that it has acquired One **rdic Furniture Company, a European company that makes "**rdic interior design originals."
See also: Fab CEO: Rumors That We're Shutting Down Are 'Bullsh*t Hate' (http://mashable.com/2014/06/04/fab-ceo-**t-shutting-down/?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=)
The exact price tag for the deal was **t disclosed, but a rep for Fab said the acquisition was in the "tens of millions of dollars." The team at One **rdic Furniture will also receive a 5% stake in Fab
“Teaming up with One **rdic adds incredible talent to our design bench and brings us ever-closer to our suppliers and manufacturers," Jason Goldberg, cofounder and CEO of Fab, said in a statement. "We are excited about the design collaboration to come.” Read more... (http://mashable.com/2014/06/18/fab-buys-furniture-company/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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Fab's business may be facing tough times, but at least the company will have plenty of furniture to fall back on.
The ecommerce startup an**unced Wednesday morning that it has acquired One **rdic Furniture Company, a European company that makes "**rdic interior design originals."
See also: Fab CEO: Rumors That We're Shutting Down Are 'Bullsh*t Hate' (http://mashable.com/2014/06/04/fab-ceo-**t-shutting-down/?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=)
The exact price tag for the deal was **t disclosed, but a rep for Fab said the acquisition was in the "tens of millions of dollars." The team at One **rdic Furniture will also receive a 5% stake in Fab
“Teaming up with One **rdic adds incredible talent to our design bench and brings us ever-closer to our suppliers and manufacturers," Jason Goldberg, cofounder and CEO of Fab, said in a statement. "We are excited about the design collaboration to come.” Read more... (http://mashable.com/2014/06/18/fab-buys-furniture-company/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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