RH Announces the Appointment of Richard Harvey as Chief Merchandising Officer, RH Kitchen and Tableware
Former Williams-Sonoma Brand President to develop a curated collection of kitchen furniture , appliances, lighting, cookware, tools and food
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (Restoration Hardware Holdings, Inc. - NYSE: RH) today announced that Richard Harvey has joined the Company as Chief Merchandising Officer, RH Kitchen and Tableware.
Mr. Harvey spent 30 years at Williams-Sonoma, Inc., most recently as President of the Williams-Sonoma Brand. In his role as Chief Merchandising Officer, RH Kitchen and Tableware, Mr. Harvey will develop a curated collection of kitchen furniture, appliances, lighting, cookware, tools and food.
RH Kitchen and Tableware will have meaningful representation in the Company's next generation Full Line Design Galleries and will be presented in a unique and distinctive catalog as well as featured online at rh.com. RH Kitchen and Tableware is expected to launch in late 2014.
Carlos Alberini, Chief Executive Officer, commented, "Kitchen and Tableware represent a $25 billion market and a significant growth opportunity for our Company. We are honored that Richard, arguably the most experienced and talented leader in this industry, has joined our team."
Gary Friedman, Chairman Emeritus, Creator and Curator, said, "I am thrilled to once again work with Richard to reimagine and reinvent this important part of the home. We believe the kitchen represents a tremendous opportunity for us to express our creativity and design point of view."
Richard Harvey, Chief Merchandising Officer, RH Kitchen and Tableware, stated, "I am delighted to join Gary, Carlos and this innovative organization and am excited to have the opportunity to conceptualize a new and original expression of this business."
This release contains forward-looking statements within the meaning of the federal securities laws including statements related to our planned development of a curated collection of kitchen furniture, appliances, lighting, cookware, tools and food, the planned presentation of RH Kitchen and Tableware in our Full Line Design Galleries, in a new catalog and at rh.com, the expected timing of the launch of RH Kitchen and Tableware, and the growth and other opportunities to the Company of RH Kitchen and Tableware. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "will," "should," "likely" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future events. We cannot assure you that future developments affecting us will be those that we have anticipated. Important risks and uncertainties that could cause actual results to differ materially from our expectations include, among others, recent changes in general economic conditions and the impact on consumer confidence and consumer spending, changes in customer demand for our products, our ability to anticipate consumer preferences and buying trends, risks related to the number of new business initiatives we are undertaking, risks in the implementation or our real estate portfolio transformation, delays in store openings, as well as those risks and uncertainties disclosed under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Form 10-K filed with the Securities and Exchange Commission on April 29, 2013 and available on our investor relations website at ir.restorationhardware.com and on the SEC website at www.sec.gov. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
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