Fab Buys a Furniture Company for 'Tens of Millions of Dollars'
 

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'


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...

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