Four Hands Reveals Growth Growth Through Strategic Acquisitions, Services, and Technology
Furniture World News Desk on
7/11/2018
Home furnishings company, Four Hands reports that within a five year period, they have nearly doubled their revenue, projecting $160 million in sales this year. This incredible growth can be attributed to their loyal following, which includes over 12,000 business-to-business customers with notable retailers such as West Elm, Crate & Barrel, Pottery Barn, Neiman Marcus, Restoration Hardware, and top interior designers, as well as over 500 trade applications per month from those wanting to become registered Four Hands customers.
Their acquisition of Austin-based Wonderwall last year strategically expanded the company’s capacity within the growing Art category, adding the U.S.-based production of handcrafted, made-to-order artisan frames to complement their existing artwork, photography, and specialty print products. “We connected with Wonderwall over a shared passion for the intersection of art, design and interiors,” said Matthew Briggs, President and CEO at Four Hands. “Their team of artisans is producing creative solutions to modern framing needs to make art more accessible, which aligns with our mission of furnishing style across a variety of categories.”
As part of their overall growth goals and furthering their heavy focus on a comprehensive digital experience, Four Hands also acquired the staff of Austin-based technology firm Adaptdev. The staff integration process started in May 2018. Adding Adaptdev’s team to their already robust in-house technology department is an integral part of Four Hands’ goals to implement a business to consumer experience for retailers and designers, which is rare within the wholesale space. Adding their technology team to Four Hands existing staff will speed up their B2B e-commerce capabilities to stay on top of the growing online demand. “The addition of Adaptdev’s team and our ongoing commitment to digital solutions uniquely positions us to lead the industry in creating an unrivaled online shopping experience that makes it as smooth as possible for our wholesale customers to easily access information, get inspired, and source the latest in home furnishings for their stores or projects,” said Briggs.
With an Austin-based product development team and development team members on the ground in China, India, Vietnam, Mexico, and Thailand, Four Hands is able to introduce 900 to 1,000 new styles a year, offering customers about 2,000 products to shop from over 60 collections. Their teams regularly travel all over the world studying trends and materials to develop the products that are seen in stores and homes across the U.S. This constant immersion in the global design space has been instrumental in the path to Four Hands becoming one of the industry’s top trendsetting furniture experts.
Four Hands has also added major warehouse spaces to keep up with the demand and plans to hire 15 new team members by the end of the year to add to their 190 U.S. based full-time employees along with the 39 full-time Wonderwall employees and 83 international full-time employees. Their Austin offices will see a significant upgrade later this year when they bring in renowned architect Michael Hsu to transform their work space. The new design will build a world-class office with plans that include: larger meeting spaces, common areas, photography studio, more employee workspace, technology hub, and much more for a creative space fitting of the brand that demonstrated their impact on furnishing style.
More about Four Hands: Based in Austin, Texas, Four Hands is a leading designer and global importer of trendsetting lifestyle home furnishings. They have earned a reputation for expertly blending styles, materials, and textures from diverse corners of the world to create distinct pieces for the home. Receiving numerous recognition and accolades for their business acumen, including ranking in the Inc. 5000 list thirteen times, Four Hands is one of the most dynamic companies in the furniture industry today. Founded in Austin in 1996, the business has grown to include offices in Vietnam, China, India, and the United States and showrooms in High Point, North Carolina, Las Vegas, Nevada, and Austin, Texas. Through their international presence, Four Hands has a finger on the pulse of how the world is shaping the way we decorate our dwellings. The company enthusiastically supports the growing needs of large retail chains - such as Crate & Barrel, West Elm, Pottery Barn, TJ Maxx, Restoration Hardware - as well as independent regional stores, and interior designers. Introducing over 900 new product styles each year, customers have access to more than 1,500 design-forward products from over 50 collections, spanning all home furnishing categories – from living and dining room, to art and lighting, and everything in between. For more information, visit www.fourhands.com.