New York City—Gracious Home, one of New York’s most renowned home furnishings and hardware retailers for 50 years, has been acquired by Americas Retail Flagship Fund, LLC.
New York City—Gracious Home, one of New York’s most renowned home furnishings and hardware retailers for 50 years, has been acquired by Americas Retail Flagship Fund, LLC in a timely transaction following Gracious Home’s filing for bankruptcy protection in August 2010. The acquisition includes four Manhattan store locations, a warehouse, a corporate office and an Internet retail business. Americas Retail Flagship Fund, LLC is a group of entrepreneurial private investors with decades of financial, real estate, retail and luxury and lifestyle home goods industry experience.