Arhaus, a premium home furnishings retailer with 75 locations across the US, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
Arhaus states that it is a lifestyle brand and omni-channel retailer of premium home furnishings, offering a differentiated direct-to-consumer approach and artisan-quality products that embody its emphasis on "livable luxury." Its products are sourced directly from factories and suppliers with no wholesale or dealer markup. The company's direct sourcing network consists of more than 400 vendors, and it has 75 Showrooms, including three Outlet stores, across 27 states.
The Boston Heights, OH-based company was founded in 1986 and booked $639 million in sales for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol ARHS. BofA Securities, Jefferies, Morgan Stanley, and Piper Sandler are the joint bookrunners on the deal. No pricing terms were disclosed.
