Brooklinen Raises $50 Million, Architects Make Plea to Congress, and More News This Week – Architectural Digest

From significant business changes to noteworthy product launches, theres always something new happening in the world of design. In this weekly roundup, AD PRO has everything you need to know.

Brooklinen Raises $50 Million

Big news for the bedding industry: Brooklinen announced this week that it has raised $50 million from Summit Partners, according to the Wall Street Journal. Founded six years ago by husband-and-wife team Rich and Vicki Fulop, the brand has become synonymous with direct-to-consumer companies that are focused on reaching millennials. So whats on the horizon for Brooklinen now in terms of growth? Thirty new stores that are set to open in the next three yearsand, perhaps, more of those ubiquitous subway ads.

Wayfair Lost Almost $1 Billion Last Year

The news coming out of Wayfair still isnt good. This week, MarketWatch and others reported that Wayfair lost $330.2 in Q4 of 2019. That means that its total loss for the year was a whopping $985 million. Unsurprising, the news subsequently caused the furniture companys stock to plummet.

More Than 200 Architects Urge Congress to Act

Why did hundreds of architects take action this week? They want national legislators to add the AIM Act, which would help transition away from the use of harmful hydrofluorocarbon chemicals to the energy package thats currently making its way through the Senate. According to various signatories, the move could have a positive environmental impact while helping the economy. And whats more, numerous contractors and engineers are also on board.

British Brands Unify Under Zoffany Name

Six British brandsincluding Morris & Co, founded in 1861 by Arts and Crafts legend William Morris; Sanderson; Harlequin; Scion; Anthology; and hallmark brand Zoffanyare now all available under one proverbial digital roof. Earlier this week, Zoffany announced in an email that its website, StyleLibrary.com, will offer all of the brands, with products spanning fabric, wallpaper, paint, home goods, and more. The brands can also be found on Instagram at the new @zoffanyusa account.

One of Minnas new rugs.

Rebecca Atwood to Release a Collection for Pottery Barn

Partnershipsespecially for a small brand like ourscreate such a great opportunity to reach a wider audience at a much more accessible price point, Rebecca Atwood tells AD PRO. Its fitting timing for her to reflect on the subject, as her debut Pottery Barn collection comes out later this year. At its core, my business is focused on trade and interior designers, so to be able to create a collection with Pottery Barn, a brand Ive long admired, is truly exciting, she adds. Atwood notes too that shes drawn to how Pottery Barn has historically created products that are both aspirational and approachable. As for the specific design inspiration behind the new line, expect Atwoods characteristic textiles that recall warm weather and happy days spent on vacation.

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Brooklinen Raises $50 Million, Architects Make Plea to Congress, and More News This Week - Architectural Digest