Williams-Sonoma gets home furnishings "Rejuvenation"
SAN FRANCISCO — Williams-Sonoma has acquired Rejuvenation Inc. for an undisclosed price, the company announced last week. Rejuvenation Inc., is a manufacturer of such products as door and cabinet hardware as well as reproduction lighting that is sold through its catalog, website and retail stores in Portland, Ore., Seattle, Wash., and Los Angeles.
“Rejuvenation and Williams-Sonoma Inc. share the vision of enhancing our customers’ lives at home,” said Laura Alber, president and CEO of Williams-Sonoma. “We are excited about the opportunity for us to grow the Rejuvenation brand by leveraging Williams-Sonoma Inc.’s direct marketing and e-commerce capabilities with Rejuvenation’s high-quality, specialty products.”
For its most recent quarte, Williams-Sonoma reported that profit for the second quarter surged 28% to $39 million.The company reported GAAP diluted earnings per share of 38 cents compared with 28 cents for the same period last year. Revenue rose 5% to $815 million.