Lowe’s to Acquire Artisan Design Group for $1.3B

Retail
Written By Rick Watson

Lowe's Companies, Inc is an American retail company specializing in home improvement.

Artisan Design Group is a prominent provider of interior finishing solutions in the U.S., specializing in flooring, cabinets, and countertops.

Lowe's has announced that it will acquire Artisan Design Group for $1.325 billion and will use cash on hand to pay for the asset. Artisan Design Group specializes in flooring, cabinets, and countertops, requiring additional locations where these items can be viewed and ordered. It also has a national network of over 3,200 specialized installers and long-standing relationships with single-family and multifamily homebuilders..Lowe's, like Home Depot, is betting its future on the Pro who needs B2B services to complete the building or finishing of homes.

Retail Dive: Lowe’s to acquire Artisan Design Group for $1.3B

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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