Piper, has sold its stake in The Rug Company to Palamon Capital Partners. The Rug Company is the preeminent global luxury rug brand. Under Piper’s investment, it has more than doubled sales and expanded worldwide with 12 new store openings. Financial terms of the transaction were not disclosed. The Rug Company was founded in 1997
Piper exits The Rug Company
The Rug Company Beirut franchise
With the opening of its latest franchise in Beirut The Rug Company continues its international expasion. Two more company owned stores are due to open shortly in the US – in Dallas and Chicago.