One Kings Lane is an American luxury home decor business that operates a furniture and home accessories sales website. It was founded by Alison Pincus and Susan Feldman in March 2009.[1][2] The company was valued at $912 million in 2014.[3] The company has 10 million members and has raised venture capital from Mousse Partners, Kleiner Perkins, and Greylock Partners.[4]

In 2016, One Kings Lane was acquired by Bed Bath & Beyond.[5] Under its new parent, the company opened its first retail store, in Southampton, New York, in 2017. Two other retail locations followed: a flagship store in SoHo, Manhattan (2018), and another in Boston (2019).[6] The company was sold to CSC Generation in 2020.[7]

On April 23, 2023, Bed Bath & Beyond, One Kings Lane's former parent company, filed for Chapter 11 bankruptcy protection.[8] However, despite its departure from the company 3 years prior to the bankruptcy, One Kings Lane was one of the affiliates listed in the Chapter 11 filing.[9]

References

  1. "One Kings Lane delivers design, business smarts", San Francisco Chronicle, August 9, 2009.
  2. Rao, Leena (January 30, 2014). "One Kings Lane Raises $112M At A $912M Valuation In A Quest To Dominate Home Goods Online". Tech Crunch.
  3. McBride, Sarah (January 30, 2014). "One Kings Lane raises $112 million; online company's value nears $1 billion". Reuters.
  4. Roof, Katie (January 30, 2014). "One Kings Lane Raises $112M At $912M Valuation". Forbes.
  5. "Bed Bath and Beyond Acquires One Kings Lane". Multichannel Merchant. 2016-06-15. Retrieved 2021-10-01.
  6. Kashdan, Rachel (2019-10-17). "One Kings Lane's Third-Ever Store is Now Open in Fort Point". Boston Magazine. Retrieved 2023-07-05.
  7. "One Kings Lane's new owner is collecting distressed home furnishing brands". Business of Home. 2020-04-22. Retrieved 2023-07-05.
  8. Fonrouge, Gabrielle (23 April 2023). "Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts". CNBC. Retrieved 23 April 2023.
  9. "One Kings Lane LLC Files For Bankruptcy". BKData. April 23, 2023. Retrieved May 5, 2023.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.