Surya Acquires RST Brands Following Tiger Group Turnaround

Furniture World News Desk on 12/13/2023

Tiger Group announced that outdoor furniture company RST Brands has been sold as a going-concern to Surya, the global household furnishings brand, in the latest turnaround by Tiger Group’s Advisory Services division.

“This strategic purchase will enable Surya to gain market share and strengthen its capabilities in outdoor furnishings,” said Surya President Satya Tiwari. “Combining the strengths of both companies will enable us to accelerate our mission to become the most comprehensive resource for home furnishings for every lifestyle.” 

Salt Lake City-based RST Brands sells directly to consumers as well as through popular sales channels that have included Wayfair, The Home Depot, Costco, Sam’s Club, Target, Lowe’s, Overstock and Amazon.

“Like many other furniture sellers, RST Brands encountered record-high container costs and whipsawing consumer demand as the pandemic started to subside,” said Tiger Advisory Services division leader and Executive Managing Director Ryan Davis, who served as interim CEO during the turnaround.

Tiger had faith in RST Brands’ long-term future, Davis noted.

“When determining which opportunities to pursue, Tiger looks for hidden gems that have tremendous value in their existing businesses,” he explained. “RST Brands boasted an amazing team and unique, in-demand product, with an outstanding reputation for customer service.”

Surya’s excellent leadership team also recognized RST Brands’ intrinsic value, Davis said. “We’re excited about this turnaround and that RST Brands was able to find its forever home.” 

About Surya: Surya is the premier one-stop source for home furnishings for a broad range of lifestyles. An expert at translating the latest apparel and interior design trends, Surya artfully combines color, pattern, texture and form to offer more than 80,000 fashion-forward products, including rugs, furniture, lighting, wall decor and textiles. Surya products are sold through a global network of retailers, e-tailers and interior designers. To learn more, visit www.surya.com.

About Tiger Group: Tiger Capital Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger’s seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and provide capital or convert assets to capital quickly and decisively. Tiger maintains offices in New York, Los Angeles, Boston, Chicago, Houston and Toronto. To learn more about Tiger, visit www.Tigergroup.com.