Business

Friedman returning as Restoration Hardware co-CEO

CORTE MADERA, Calif. — Gary Friedman is returning as chairman and cochief executive at Restoration Hardware, less than a year after stepping aside, as the home products chain buys his new venture, a company called Hierarchy.

In August, The New York Times reported Restoration Hardware’s board found that Friedman had an inappropriate relationship with a former employee. The company could not be reached at the time and declined to comment Wednesday.

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Friedman started Hierarchy that month and was given a title of chairman emeritus, creator and curator at Restoration Hardware. He left as co-CEO and chairman of Restoration Hardware in October. He had been CEO since 2001. He’s once again co-CEO alongside Carlos Alberini.

Restoration Hardware Holdings Inc. is restyling itself as RH, focusing on high-end furnishings. An RH store opened this year in the Back Bay in Boston.

Associated Press

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