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  6. La-Z-Boy Acquires Joybird

M&A Deal Summary

La-Z-Boy Acquires Joybird

On July 16, 2018, La-Z-Boy acquired e-commerce company Joybird

Acquisition Highlights
  • This is La-Z-Boy’s 1st transaction in the E-Commerce sector.
  • This is La-Z-Boy’s 7th transaction in the United States.
  • This is La-Z-Boy’s 1st transaction in California.

M&A Deal Summary
Date 2018-07-16
Target Joybird
Sector E-Commerce
Buyer(s) La-Z-Boy
Deal Type Add-on Acquisition

Target

Joybird

Commerce, California, United States
Stitch Industries, Inc. is an e-commerce retailer and manufacturer of upholstered furniture. Stitch Industries was founded in 2013 and is based in Commerce, California.

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Buyer(S) 1

Buyer

La-Z-Boy

Monroe, Michigan, United States
Category Company
Founded 1927
Sector Furniture
Employees10,200
Revenue 2.0B USD (2024)
DESCRIPTION

La-Z-Boy is a residential furniture producers, marketing furniture for every room of the home. The La-Z-Boy Upholstery segment companies are England and La-Z-Boy. The Casegoods segment consists of three brands: American Drew, Hammary, and Kincaid. The company-owned Retail segment includes 102 of the 317 La-Z-Boy Furniture Galleries store. La-Z-Boy was founded in 1927 and is based in Monroe, Michigan.

DEAL STATS #
Overall 8 of 8
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: California M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 Furnico - La-Z-Boy Furniture Galleries Stores

United Kingdom

Furnico Ltd. - La-Z-Boy Furniture Galleries Stores includes licensee in the United Kingdom and Ireland.

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