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Fab Buys a Furniture Company for 'Tens of Millions of Dollars'
Fab Buys a Furniture Company for 'Tens of Millions of Dollars'
http://rack.1.mshcdn.com/media/ZgkyM...c3/f17/fab.jpghttp://rack.3.mshcdn.com/assets/feed...013aed8d66.jpghttp://rack.1.mshcdn.com/assets/feed...3b7fd07c38.jpg 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... More about Business, Startups, and Fabhttp://feeds.feedburner.com/~r/Mashable/~4/K8brXyRnQkc |
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