Online retailer Inmod.com acquires Chiasso assets
May 22, 2013,
FAIRFIELD, N.J. — Online modern home furnishings retailer Inmod.com has acquired the Chiasso trademark and domain name from the previous owner, who shut down the Chicago-based home furnishings business.
The purchase price was not disclosed. Chiasso's online store was closed earlier this year and traffic to that domain name is now being redirected to Inmod's website, with a welcome message and discount offer.
Chiasso once operated more than a dozen stores and had annual revenues of $20 million, according to Inmod.com. It was later acquired at a bankruptcy auction by Chris Segal and Greg Kadens and was operated by Chiasso Acquisitions until the announced closure earlier this year.
"In a sea of online competition, we have always held Chiasso in the highest regard," Alan Finkelstein, co-founder of the Fairfield, N.J.-based Inmod.com, said in a release.
"They were instrumental in revolutionizing the way people shopped for furniture and brought validity to the idea of experiencing and purchasing it online. They did it before anyone else did, and they did it better than most."
Casey Choron, Inmod co-founder, said the company acquired the brand assets from Chiasso Acquisitions "to honor the Chiasso identity and its customers because it's our wish to carry on their tradition of providing its customers with stylish design at great prices, backed by excellent customer service and an impeccable reputation, which are core values of the Inmod brand."
Most Viewed Articles
Related Content By Author
Mid-August news features acquisitions, Amazon and avenues of growth
Furniture Retail Solutions
Over the past year, our editorial team has been on the road, studying retail – what's working and what challenges even the most established retailers face. Born from these studies is Furniture Retail Solutions – a multi-part series addressing common problems retailers face. Read our first two articles:
RSA Insights & Intelligence
RSA Insights & Intelligence gives you, the retail sales associates, critical intelligence and insights. We make it easier for you to sell by providing actionable tips and key takeaways you can and should use for every sale. Check out our latest two articles:
* Why buying mattresses online is harder than consumers think
* How RSA can capitalize on the adjustable base boom