Restoration Hardware has launched the 2024 RH Modern Sourcebook, debuting what the company said is more than 50 exclusive collections.
In addition, the company announced chairman and CEO Gary Friedman completed the purchase of $10 million of RH stock at an average price per share of $216.10 or 46,274 shares, giving him beneficial ownership of 25.1% of the outstanding shares of RH common stock as of June 26.
The latest RH Modern Sourcebook features the most significant reimagination of the RH Modern assortment since its inception in 2015, the company stated. It includes what RH contends is the largest curated and fully integrated assortments of modern furnishings, lighting and décor under one brand in the world.
“We believe the new modern is about simplicity and balance, creating harmony between the past and present, the classic and the contemporary,” Friedman said. “We spent years searching for inspiring designers, editing and integrating their work, shaping spaces with a sense of clarity and continuity, resulting in an authentic expression of our combined creativity.”
