Wayfair.com Purchases DwellStudio
BOSTON-Online retailer Wayfair.com has swung a deal for DwellStudio, the catalog and e-commerce lifestyle retailer and wholesaler.
A purchase price was not disclosed. DwellStudio sells upholstery, casegoods, furniture and textiles. It will operate as a stand-along brand joining Joss & Main and AllModern.com under the Wayfair umbrella.
A Wayfair statement said its "core strengths" in selection, service, Internet technologies and logistics "will drive the rapid growth of DwellStudio." The deal gives Wayfair access to DwellStudio's product design team for the development of original product lines and new lifestyle brands.
The statement added that DwellStudio's products are sold at more than 800 high-end specialty retail stores and design-oriented online retailers across the United States, Canada and in 40 international territories.