

RH, the new name for luxury home furnishings retailer Restoration Hardware, lowered the maximum amount it wants to raise in a return to public ownership sometime this year to $142.5 million, according to a new regulatory filing.
The latest amended filing also added financial details to the sensitive relationship between the company and founder Gary Freidman after he resigned as chairman and co-chief executive officer in August to advisory roles as chairman emeritus, "creator and curator."

Luxury retailer Restoration Hardware Holdings Inc said it expects to sell about 5.2 million shares at between $22 and $24 each in its initial public offering.
At the midpoint of the range, the offering will raise about $120 million.