User:Jjmjjm/Design Within Reach

Design Within Reach

History
Design Within Reach, a national furniture retailer, was founded in 1999 by Rob Forbes, a former potter with an M.B.A. from Stanford University, who believed there was a retail demand among consumers for pieces by the likes of Le Corbusier and Mies van der Rohe. He started the company as a catalog and web resource for modern furniture. The company grew very quickly and went public in July 2004, raising $49.2 million in its IPO. The company expanded rapidly and by the end of 2009 was operating 68 Studios in 25 states. The company voluntarily delisted its shares and sold a majority interest to Glenhill Capital in July 2009.

Current
John Edelman was named President and CEO in January 2010. Under Edelman's guidance, the company has returned to its roots and is once again a leader in modern design. In late 2010 DWR relocated its corporate headquarters to the Harbor Point redevelopment in Stamford, CT. The Connecticut Department of Economic and Community Development is providing as much as $1.5 million in tax credits through the Urban and Industrial Sites Reinvestment Tax Credit program. The program provides tax credits on investments made in urban or industrial sites.

Locations
Design Within Reach currently operates 49 Design Studios across the United States and Canada. DWR will open a flagship store in Stamford, CT in June 2011.