Royal Hardware & Famous Home Fashion is a Distributor of Hardware and Domestics serving mass market and independent retailers in the U.S. and Canada. With gross revenues in excess of $35,000,000 they are one of the leading suppliers of domestics and hardware in North America.
Increasing costs forced the Company to end most of its programs with its largest customer, Home Depot. After making the decision to cease the relationship with Home Depot management decided to completely divest itself of the Hardware business. Further exacerbating the situation, the Canadian dollar dropped 15% in a 3 month period – increasing the Company’s inventory costs.