Lumber Liquidators' Founder Purchases Luxury Hardware Chain

New York, NY, July 11, 2017-In late June, Tom Sullivan purchased the retail operations of Gracious Home, a luxury hardware store chain, for $4 million, Hardware Retailing reports.

In the past two years, Gracious Home has gone from being a four-store chain to operating a single location in New York City. It was acquired and pulled from bankruptcy in June.

Sullivan left Lumber Liquidators in December. He owns Cabinets to Go, which reportedly plans to start selling flooring. Last October, he purchased a Bordeaux Vineyard.