Waverly seeks partner for home fashions expansion

NEW YORK —Waverly Lifestyles Group, a division of F. Schumacher & Co., is seeking a strategic partner to aid in the expansion of its Waverly Home Fashions business.

The company has retained the services of an investment bank to explore a possible sale and long-term licensing partnership with a range of domestic and foreign firms.

"This is not simply the sale of a division," said Raymond Chevallier, executive vice president, chief financial officer of F. Schumacher, Waverly’s parent company. "By converting this business to a license, we are looking for strong viable firms with whom we will be working for many years to come."

Said Dale Williams, president of the Waverly Lifestyle Group, "As we evaluate potential partners, we will be placing a high value on those firms that will be able to execute this transition without disrupting our current flow of business."

Waverly Lifestyle Group includes channel-specific programs at Target, Linens ’n Things, Lowe’s and JCPenney. The Lifestyle Group also sells some finished home furnishes in the fabric chain channel along with Waverly brand fabrics.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!