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Thursday, August 16, 2012

Restoration Hardware boss Gary Friedman resigns amid sex scandal


Gary Freidman, the perma-tanned cheeseball head of Restoration Hardware, "has stepped down from his positions after an internal inquiry into an intimate relationship he had with a 26-year-old female employee." 

SAY WHA?!

Friedman is straight?!

This comes at a very, ahem, touchy time for Resto as it prepares for an IPO which is "expected to value the company at up to $1 billion."

SAY WHA?!

People buy that much over-priced faux antique dreck?!

Friedman hasn't been completely kicked to the curb and will remain as "the nonexecutive chairman emeritus and continue in an 'exclusive advisory role, serving as creator and curator for Restoration Hardware with a focus on strategy, creative, and design direction'." Friedman will be starting a retail think tank of sorts with Resto taking a minority interest.

"[T]he company’s co-chief executive Carlos Alberini, who joined the company two years ago from Guess," will take over Freidman's leadership responsibilities.

GUESS?!

Look for bedazzled acid-washed denim sofas at an upscale mall near you.

30 comments:

5th and State said...

SAY WHA?! IS RIGHT

i smell fish, there is more to this story.... they are keeping their cheeseball, (you are hilarious) just in "hiding"

ditto the shock.......a billion dollar company?

debra

Jill said...

Thank you or making me laugh out loud first thing on a Friday.

Straight?
$1 billion?
GUESS?

I just can't wait to see what they try to sell us next. (and I can't wait to read your commentary on it all)

Nataliya said...

do people still shop at Guess?? "bedazzled acid-washed denim sofa" made my morning :)

Margaret said...

"If it means being able to move onstage like Sir Mick, sign me up. In the spirit of “just being me,” we will continue to push the boundaries, be authentic to our own unique point of view, never tire, and refuse to act our age. Because we, like the Stones...'Can’t get no...satisfaction.'"

From Resto site

Margaret said...

Rock-star Raina, will you please start an "incubator" offshoot blog from, "If The Lampshade Fits" called, "Is The Lamp Plug Polarized?"
Thank you.

Hexicon said...

Well, I don't know who this guy is, but when I saw the pic up on my dashboard I thought it was an ultra-tanned version of Green River killer Gary Ridgeway.

David said...

I don't believe he's entirely straight, we have the exact same taste in jeans.

xoxo said...

My first thought was that it was some young male intern. Never in my wildest dreams...

Well, I have a couple of pieces from Resto, their convex mirrors are perfect in the great room as a visual between the main floor and Juliet balcony. Some of the ceiling fans and lighting are pretty nice too, but as I type this I realize I haven't purchased anything since long before GF.

Pigtown*Design said...

$70k/year with no experience. Then a $10k raise after a few weeks. If that doesn't kill employee morale, i don't know what will.

Sharon Brown said...

It's official. The world has gone completely mad.

annedodge said...

50 Shades of Gray Belgian Sisal Area Rug.

Raina Cox said...

5th and State - I'm with you. We're not being told the whole story.

Jill - Trust me, I was making the Scooby sound while reading the sordid tale last night.

Nataliya - We have a Guess store in an upscale mall here in Denver, and the customers always look like reality show cast members.

Margaret - I think some people would call the current incarnation of La Lamp Shade plenty polarizing.

Hexicon - HAHAHAHAHA!!

David - I knew it!

xoxo - I don't know anyone who shops there, so the $1 billion valuation has me scratching my head.

Pigtown*Design - Ah ha. Thanks for shedding some light.

Sharon Brown - Agreed.

annedodge - Love it!

jules @ The Diversion Project said...

fricking hilarious - that's exactly what i thought (not knowing who the hell this guy is)....he's straight????????

Kristin Gilbertson said...

there is no way that man is straight, this has got to be a coverup

Rick said...

Who's taking resposibility for that half ass upholstered line of furnishings. Kick them to the curb as well.

Kerry Steele- Design du Monde said...

Bwahahaha!

Cote de Texas said...

whoa. why would he have to leave though - because she worked there - my question mark isnt working. gah. but really - how many marriages are started at work as affairs

Carla Aston said...

Shocker. He must've done something crazy bad. Who's gonna sell America all that giant aviator stuff now?

Madam Pince said...

No way is he straight. The "inappropriate relationship" was probably his pushing the 26-year-old female to hook him up with her brother, boyfriend or husband.

hush said...

Wait, WHAT???

JC_NYC said...

did you not see the gossipy bit saying that the young woman's ex bf was the one trying to put some heat on Friedman & Resto (cough *blackmail* cough)? and that he has a criminal record? seriously, this story came straight out of epi 1-2 of Gossip Girl season 3.

Raina Cox said...

JC_NYC - I did see that. If this is the info the board saw "safe" to release just before an IPO, imagine what is really going on behind the scenes.

Bethany Chase said...

oh this is hot, hot goss. Thank you for making my day.

Meranda S said...

"SAY WHA?!" I just had to laugh at this article. It was very funny! Oh my!

dione herself said...

you KNOW the whole story is not out yet, and a WHOLE other drama is yet to come from someone else included in the current drama. perhaps gloria aldred might be making an appearance. honey, don't fuck with the gays, EITHER gender. a gayelle will fuck your house up worse than a fag... just sayin'.

dione herself said...

...and he's not in hiding. he was fired, but continues to show up like nothing ever happened. the investor company can't stand him. he and "E" are still together. i guess he taught her what happens if you don't show up to the twins birthday party...


ewww honey.

dione herself said...

he's been pulling this shit for years, there is still a string of 20-something "girls" working in over-paid positions throughout the company that were "investigated". he's not gay, perhaps little man syndrome. kinda scientologist-ish, brain washing kinda dude. he is still the largest, PRIVATE, share holder, and THAT'S, why he is literally, still "hanging" around, acting like everything is good. trust, it's not.

Art Donovan said...

Can anyone possibly be surprised by this? I could have sworn I saw "Ego Maniac" tattooed across his forehead:)

Coco Loco said...

do your research..... this little orange man still reigns supreme. all publicity b.s.

Raina Cox said...

Coco Loco - I'm quite aware of that, Sweetie. He was all over the IPO publicity last fall, acting like he was still in charge. Which he was and is.