The upscale furniture manufacturer was a major influence in the design world for 34 years.
Saturday said: “Mitchell Gold + Bob Williams has recently and unexpectedly learned that we are unable to continue business operations.” A letter from interim CEO Chris Moye shown taped to the office door gave the grim details: “As you may know, the current economic climate has presented significant challenges to the furniture industry … the Company has recently and unexpectedly learned that we are unable to secure critical financing to continue business operations.
Gold says that when he left the company just before the pandemic, “parts of it were in good shape and parts were not.” The past few years, with changing consumer demand and supply chain issues, unleashed a roller coaster of problems, and Gold says the bank and the equity firm could not come up with a way to keep the business going.
Initially called Mitchell Gold, the company became Mitchell Gold + Bob Williams after the duo’s relationship ended. It made some of the most iconic sofas, sectionals and club chairs of the 1990s-2000s. The laid-back styles, known for comfort, were branded “lifestyle furniture” and matched the relaxed fashion of casual Fridays. Nesting baby boomers and their offspring and dogs hung out on the company’s rumpled slipcovered sofas.
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