Bain Capital, a private investment firm, signed a definitive agreement to take over a majority stake in Bob’s Discount Furniture, a retailer of furniture and bedding. The management team will continue to own a significant stake in the company.
Who owns Bob’s Discount furniture?
How much did Bain Capital pay for Bob’s Discount furniture?
Privately held Bob’s in the final days of 2013 took on a new identity when private equity firm Bain Capital scooped up a majority stake in the discount furniture retailer in a $350 million deal, according to The Boston Globe.
What happened to Bob from discount furniture?
Bob Kaufman, the founder and face of Bob’s Discount Furniture, will remain president emeritus of the chain after a majority stake in the company is sold to Bain Capital, the Boston-based private equity firm where Mitt Romney once worked. Kaufman opened his first discount furniture store in Newington, Conn.
Is Bob’s Discount Furniture Made in China?
With the majority of the company’s furniture made in the United States, some parts and materials for Bob’s Discount Furniture do come from China. The retailer is passionate about supporting American families and local communities.
How much is Bob’s Discount Furniture worth?
As of February 2020, the company has 126 stores in 20 states, primarily in the Northeast, Mid-Atlantic, Midwest, and West Coast.
Bob’s Discount Furniture.
|Revenue||US$ 1.158 billion (2016)|
|Number of employees||1,000 (2019)|
Is Bob from Bob’s Furniture paralyzed?
His right leg was badly shattered and for a time in danger of being amputated. The leg is still partially paralyzed. He took months to recuperate and had to give up his job with Radio Shack.
What is Mitt Romney’s net worth?
Romney’s considerable net worth, estimated in 2012 at $190–250 million, helped finance his political campaigns before 2012, when he again ran for and won the Republican presidential nomination, becoming the first Mormon to be a major party’s presidential nominee.
What does Bain Capital Credit do?
About Bain Capital Credit
We invest across the full spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt and special situations, direct lending, structured products, non-performing loans (NPLs) and equities.
Do Bobs Furniture employees make commission?
Transparency is a core value, not only for our customers, but for our associates as well. All Associates and Leaders at Bob’s receive their bonuses and commissions on the same day. We work hard at what we do, and love to reward that hard work in a timely fashion!
Where is Ashley Furniture made?
It has manufacturing and distribution facilities in Wisconsin, Mississippi, California (only manufacturing closed in 2016 distribution facility remains), Indiana, Pennsylvania, North Carolina, Florida, China, and Vietnam.