Karat Home Successfully Acquires Z Gallerie out of Bankruptcy
Stump & Company is pleased to announce the sale of Z Gallerie to Karat Home. Stump's M&A team served as an investment banker to Karat Home. Read more about the acquisition below.
Ft. Worth, TX - Karat Home, a leading player in the home furnishings industry, proudly announces the successful acquisition of Z Gallerie, a renowned home decor retailer and ecommerce DTC player that recently underwent bankruptcy proceedings. The transaction was finalized on January 19, 2024.
This strategic move marks a significant milestone for Karat Home, expanding its footprint in the home decor market and ecommerce channel and solidifying its commitment to providing high-quality products and exceptional customer experiences. The acquisition of Z Gallerie aligns with Karat Home's vision to enhance its product portfolio and strengthen its position as an industry leader.
"We are thrilled to announce the completion of the acquisition of Z Gallerie,” said Scarlett Fan, CEO of Karat Home. "This strategic investment not only signifies our dedication to growth but also reinforces our commitment to offering innovative and stylish home furnishings to our valued customers."
Karat Home will work diligently to seamlessly integrate Z Gallerie into its operations, ensuring a smooth transition for both employees and customers. The company remains steadfast in its mission to provide unique and trendsetting home decor solutions.
A special thank you to the CSC Generation team for their assistance in closing this transaction and providing ongoing transition services. Stump & Company (www.stumpnet.com) served as investment banker to the seller.
The Karat Home team will be in Las Vegas this week attending the World Market Center market and will be meeting with vendors, customers and service providers.
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About Karat Home
Karat Home is a 100% owned US subsidiary of J&S Yard, a Chinese home furnishings leder with over two decades of experience in serving the US and European markets. With its complete supply chain management system and self-operating distribution centers in the US, Karat Home has become a trusted brand for providing high-quality and comfortable home spaces. For more information, visit www.karathome.com.
About Z Gallerie
Founded in 1979, Z Gallerie is a popular home furnishing brand with a unique design philosophy and high-quality products. With over four decades of experience in the industry, the brand has gained an excellent reputation among consumers for its stylish and timeless pieces. For more information, visit www.zgallerie.com.
Stump & Company is the leading M&A advisory firm serving the global furniture/furnishings industries. Based in Charlotte, NC, we are a family business with over 50 years of experience serving our clients. Call us to start a conversation.