One Kings Lane
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 sale from the company three years prior to the bankruptcy, One Kings Lane was one of the affiliates listed in the Chapter 11 filing.[9]
References
[edit]- ^ "One Kings Lane delivers design, business smarts", San Francisco Chronicle, August 9, 2009.
- ^ Rao, Leena (January 30, 2014). "One Kings Lane Raises $112M At A $912M Valuation In A Quest To Dominate Home Goods Online". Tech Crunch.
- ^ McBride, Sarah (January 30, 2014). "One Kings Lane raises $112 million; online company's value nears $1 billion". Reuters.
- ^ Roof, Katie (January 30, 2014). "One Kings Lane Raises $112M At $912M Valuation". Forbes.
- ^ "Bed Bath and Beyond Acquires One Kings Lane". Multichannel Merchant. 2016-06-15. Retrieved 2021-10-01.
- ^ Kashdan, Rachel (2019-10-17). "One Kings Lane's Third-Ever Store is Now Open in Fort Point". Boston Magazine. Retrieved 2023-07-05.
- ^ "One Kings Lane's new owner is collecting distressed home furnishing brands". Business of Home. 2020-04-22. Retrieved 2023-07-05.
- ^ Fonrouge, Gabrielle (23 April 2023). "Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts". CNBC. Retrieved 23 April 2023.
- ^ "One Kings Lane LLC Files For Bankruptcy". BKData. April 23, 2023. Retrieved May 5, 2023.
External links
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