New Robb & Stucky owners acquire store in Fort Myers, Fla.
Furniture Today Staff -- Furniture Today, September 13, 2011
FORT MYERS, Fla. — The new owners of the Robb & Stucky name have acquired the former high-end retailer's home-base store here for $6.3 million, according to a report by the Naples (Fla.) News-Press.
The move apparently is the next step by the Robb & Stucky owners — Samson Holding CEO Samuel Kuo and his family — to re-establish the brand in the United States before expanding overseas.
The Kuos acquired the rights to the Robb & Stucky name and intellectual assets for $470,000 earlier this year following the Fort Myers, Fla.-based chain's bankruptcy filing and subsequent liquidation. According to local reports, the new owners hired Prime Sites in Coconut Grove and Naples, Fla., to scout locations.
The 77,000-square-foot Fort Myers store on Cleveland Avenue was purchased from National Retail properties, the Naples report said. Steve Lush, named president of Robb & Stucky International in June, did not immediately return a call and email.
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