It was another tough week for the furniture industry with the news that Mitchell Gold & Bob Williams, the iconic upholstery and furnishings brand, was shutting down, yet one more victim of private equity owners deciding that it was time to stick a fork in the business. It was considered one of the most innovative, socially responsible and exciting suppliers in the industry but any number of circumstances seem to have put it into dangerous territory…not the least of which is the general malaise hitting the home furnishings industry post-pandemic.
In this Business of Home article I examined what happened and put up a giant red warning flag that any company owned and controlled by PE firms was in peril right now. Management by Spreadsheet is very unforgiving.
https://businessofhome.com/articles/mitchell-gold-bob-williams-shutters-abruptly
WarrensReport 