Gordon Segal Net Worth is
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Crate & Barrel is a 170+ store American chain of retail stores, based in Northbrook, Illinois, specializing in housewares, furniture (indoor and out), and home accessories. Its corporate name is Euromarket Designs, Inc. The company is wholly owned by Otto GmbH.

Gordon and Carole Segal opened the first Crate and Barrel store on December 7, 1962, at age 23. The 1,700-square-foot (160 m2) space in part of an old elevator factory was located on Wells Street in the then-bohemian Old Town neighborhood of Chicago, Illinois. The inspiration was their honeymoon in Europe, where the Segals became interested in providing functional yet aesthetically pleasing products to young couples just starting out. Surprised to see that Europe had many beautiful and durable products at reasonable prices, they were inspired to start their own store in the United States.
The first store opened in response to a flourishing of world trade in home furnishings due to the early 1960s round of talks about the General Agreement on Tariffs and Trade. The Segals sought out small European companies that were not represented in America and negotiated direct purchases from these factories that could be sold to the consumer while avoiding a wholesaler's markup. To this day, a majority of Crate & Barrel's products are direct imports from Europe, though Thai, Mexican and Indian glass and textiles can also be found in their stores.
The Segals derived the company name by the materials that they originally used to display items in their Chicago store. The Segals were originally going to call their company "Barrel and Crate", but a friend suggested that they reverse the order of the words.[citation needed] They turned over the crates and barrels that the merchandise came in, let the wood excelsior spew out, and stacked up the china and glass. This helped emphasize their strongest selling point, that their products were direct imports.
In 1966, Segal and the designer Lon Habkirk visited the Des

Gordon Segal Latest News

The 'Amazon effect' taking over retail - Presented by: The Aol. On Network

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Posted: July 18, 2017, 9:40 am

Why Crate and Barrel's Gordon Segal Bought In To This Female Founder's Vision

Silicon Valley has been rocked by revelations about the mis-treatment of women. But one female founder is navigating entrepreneurship's tricky shoals and has gotten traction in converting a problem she had ordering picture frames into a business with 150 ...
Posted: July 19, 2017, 7:34 am

Framebridge adds $17M in funding as it takes custom framing mainstream

And today Framebridge is announcing they’ve closed a $16.7M Series B round, with Gordon Segal, co-founder of Crate and Barrel joining in as an investor. The round means that the startup has now raised about $37M total, with follow-up funding coming ...
Posted: July 13, 2017, 8:43 am
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