Stump M&A team talks furniture industry turmoil on BOH Podcast

So, our team traveled to Tijuana to check it out in a (almost) post-Covid world. And here’s what we learned.

Our most recent transaction, the sale of Braxton Culler, Inc., is a classic win-win Stump deal, with clear synergies for the buyer and a terrific steward for Braxton’s compelling legacy.

Ashley’s recently announced $1 billion capital investment over 18 months is a blockbuster that all of us in the furniture industry should take notice of. It is clear evidence of the need to remain agile, constantly improve and anticipate the numerous seismic changes coming around the next corner.

The furniture industry, like many others, has experienced rapid changes this year. Most notably: Consumption Patterns. The existential COVID-19 mandate to work (or for many, live) at home all day, every day, has been a boon to home and home office furnishings suppliers, as many consumers realized they needed a better home office, while others took the opportunity to upgrade dining and living areas.