In its second-largest acquisition, Amazon buys the company for $970 million.
The multichannel marketer of contemporary furniture has appointed John Edelman, formerly president and CEO of Edelman Leather, as president and CEO.
Design Within Reach, a multichannel marketer of contemporary furniture, has appointed John Edelman, formerly president and CEO of Edelman Leather, as president and CEO, effective Jan. 3, 2010. The company also named John McPhee chief operating officer.
McPhee also comes from Edelman Leather, a division of Knoll Inc., where he was most recently chief operating officer. John Edelman led the sale of the company that bears his name to Knoll in October 2007. Design Within Reach is No. 323 in the Internet Retailer Top 500 Guide (a PDF version of the company’s financial and operating profile can be ordered by clicking on its name).
"During the search process, the board met with many highly qualified candidates, but the search committee unanimously concluded that Edelman and McPhee were the perfect team to lead the future vision of DWR,” says chairman Glenn Krevlin. “John Edelman is a charismatic, creative and team-oriented executive with an approachable style. He has a strong knowledge of and affinity for the modern home furnishings aesthetic and is considered to be an industry expert in `modern.`"