RH CEO talks potential Miami expansion: ‘It's the most significant capital contribution we've ever made'

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RH CEO talks potential Miami expansion: ‘It's the most significant capital contribution we've ever made'
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Gary Friedman, CEO of upscale home design and hospitality firm RH, discussed the company’s plans to expand with CNBC’s Jim Cramer.

Gary Friedman, CEO of upscale home-decor retailer RH, discussed the company's potential Miami expansion with CNBC's Jim Cramer.

Gary Friedman, CEO of upscale home design and hospitality firm RH, elaborated on the company's plans to purchase a large Miami restaurant and entertainment venue in a Friday interview with CNBC'sFormerly known as Restoration Hardware, RH announced its bid to buy One Ocean Drive in a Wednesday, expecting to spend between $150 million and $170 million on the venture as it expands into hospitality development.

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