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IAC/INTERACTIVECORP

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IAC/InterActiveCorp : Crate and Barrel and CB2 Announce Partnership with Handy to Offer Furniture Assembly and Home Decor Installation Nationwide

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02/12/2019 | 11:50am EDT

NEW YORK, Feb. 12, 2019 /PRNewswire/ -- Home furnishings retailer Crate and Barrel today announced a partnership with Handy, a leading platform for booking home services, to offer customers professional furniture assembly and home decor installation at over 90 locations across the United States.

A first in retail, Crate and Barrel and CB2 store associates can now work with shoppers to design a fully-furnished room, then direct Handy professionals to assemble and install the entire look for one flat price to create a seamless shopping experience, from start to finish.

Via store associates, customers can book appointments with Handy professionals at any time between 7 a.m. and 11 p.m., seven days a week, to fully assemble furniture or install lighting, window treatments, and other home decor. All Handy services are backed by the Handy Happiness Guarantee.

'As one of the industry's most respected, innovative retailers, Crate and Barrel knows that shoppers increasingly want to enjoy the items that they purchase without thinking about the work involved in assembling or installing them,' said Oisin Hanrahan, Co-founder and CEO of Handy. 'We are thrilled to partner with Crate and Barrel to provide access to professional, convenient installation and assembly services to their customers.'

'At Crate and Barrel, we make it our top priority to create seamless shopping experiences that align with the lifestyles of our customers,' said Suzy Cirulis, VP of Marketing at Crate and Barrel. 'We are excited to work with Handy to offer Crate and Barrel and CB2 shoppers a truly end-to-end retail experience.'

About Handy
Founded in 2012, Handy is changing the way that people book and provide home services. From home cleaning to TV mounting, smart home setup to furniture assembly, customers turn to Handy for a seamless, fast and top-quality experience that provides them with access to the home services they need, wherever they are, whenever they want them. For professionals, the Handy platform makes it possible to maintain a flexible schedule with meaningful income opportunities. Handy is trusted by the world's top retail brands and is available nationwide. The company is based in New York City and is an operating business of ANGI Homeservices, Inc. (NASDAQ: ANGI).

About Crate and Barrel
Founded in 1962, Crate and Barrel is a global home furnishings destination known for timeless designs, quality products and expert service. Working directly with European ateliers and factories, Crate and Barrel was among the first to introduce affordable household goods and modern home décor to American consumers. Today, the omnichannel retailer operates stores throughout the U.S. and Canada as well as franchise locations around the globe. The Crate and Barrel brand family includes CB2 and Crate and Kids and is owned by Otto Group, a global retail and services group based in Hamburg, Germany.

About CB2
CB2 is transforming the perception of home design for today's modern consumer by offering high quality, sophisticated design at an approachable price. The brand is today's destination for timeless yet edgy home collections, creating furniture and decor to inspire creativity and celebrate individuality with an eclectic mix of products and decorating ideas. In addition to being a leader in online retail, the brand is rapidly expanding their physical footprint and currently has 18 locations across the U.S and Canada. CB2 is part of Crate and Barrel Holdings, which is owned by The Otto Group, a global retail and services group based in Hamburg, Germany. For more information, visit www.cb2.com, or follow us on Facebook, Instagram or Twitter.

Disclaimer

IAC/InterActiveCorp published this content on 12 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2019 16:49:06 UTC

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Financials ($)
Sales 2019 4 771 M
EBIT 2019 684 M
Net income 2019 447 M
Finance 2019 1 140 M
Yield 2019 -
P/E ratio 2019 47,58
P/E ratio 2020 31,11
EV / Sales 2019 3,62x
EV / Sales 2020 2,96x
Capitalization 18 432 M
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Average target price 260 $
Spread / Average Target 18%
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Joseph M. Levin Chief Executive Officer & Director
Barry Charles Diller Chairman
Glenn H. Schiffman Chief Financial Officer & Executive Vice President
Alan G. Spoon Independent Director
Victor A. Kaufman Vice Chairman
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