About La-Z-Boy
La-Z-Boy is a company based in Chicago (United States) founded in 1928.. The company has 10,600 employees as of April 30, 2024. La-Z-Boy has completed 1 acquisition, including Joybird. La-Z-Boy offers products and services including Recliners, Chairs, Sofas and Sectionals, and Ottomans. La-Z-Boy operates in a competitive market with competitors including MADE.COM, Westwing, 10Club, Nestasia and Swoon, among others.
- Headquarter Chicago, United States
- Employees 10600 as on 30 Apr, 2024
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name La-Z-Boy Incorporated
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Annual Revenue
$2.11 B3.04as on Apr 30, 2024
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Net Profit
$99.56 M-18.81as on Apr 30, 2024
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EBITDA
$278.94 M-1.32as on Apr 30, 2024
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Latest Funding Round
$46.62 M (USD), Post-IPO
Jul 14, 2014
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Investors
Comerica
& 2 more
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Employee Count
10600
as on Apr 30, 2024
- Investments & Acquisitions
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IPO & Listings of La-Z-Boy
La-Z-Boy is a publicly listed company on the NYSE with ticker symbol LZB in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of La-Z-Boy
La-Z-Boy offers a comprehensive portfolio of products and services, including Recliners, Chairs, Sofas and Sectionals, and Ottomans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Comfortable seating options that recline for relaxation and support
Versatile seating for various rooms with ergonomic designs
Spacious seating for lounging and entertaining in living areas
Functional pieces for storage and footrest in home settings
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Leadership Team
36 people
Software Development Team
31 people
Human Resources and Administration
28 people
Senior Team
24 people
Sales and Marketing
19 people
Finance and Accounting
14 people
Product Management Team
11 people
Operations Team
5 people
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Funding Insights of La-Z-Boy
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $46.6M
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First Round
First Round
(19 Dec 2002)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2014 | Amount | Post-IPO - La-Z-Boy | Valuation |
investors |
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| Dec, 2002 | Amount | Debt – Conventional - La-Z-Boy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in La-Z-Boy
La-Z-Boy has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Comerica, Silvercrest Asset Management Group and SPP Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multi-family office services are provided for asset management needs.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to businesses and individuals.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by La-Z-Boy
La-Z-Boy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Joybird. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Premium customized furniture is manufactured and sold online by Joybird.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - La-Z-Boy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
La-Z-Boy Comparisons
Competitors of La-Z-Boy
La-Z-Boy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MADE.COM, Westwing, 10Club, Nestasia and Swoon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category home improvement products are sold through an internet-first brand.
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| domain | founded_year | HQ Location |
Online retail of home decor and furniture is provided.
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| domain | founded_year | HQ Location |
Multi-category home products are offered through an internet-first platform.
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| domain | founded_year | HQ Location |
Internet-first brand of multi-category home improvement products
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| domain | founded_year | HQ Location |
Multi-category home furniture is sold online by Swoon.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on La-Z-Boy
Frequently Asked Questions about La-Z-Boy
When was La-Z-Boy founded?
La-Z-Boy was founded in 1928 and raised its 1st funding round 74 years after it was founded.
Where is La-Z-Boy located?
La-Z-Boy is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of La-Z-Boy?
Kurt Darrow is the current CEO of La-Z-Boy.
How many employees does La-Z-Boy have?
As of Apr 30, 2024, the latest employee count at La-Z-Boy is 10,600.
What is the annual revenue of La-Z-Boy?
Annual revenue of La-Z-Boy is $2.11B as on Apr 30, 2024.
What does La-Z-Boy do?
La-Z-Boy was founded in 1928 and operates as a manufacturer and retailer of home furniture. The company is headquartered in Chicago, United States, with production and sales focused on recliners, sofas, and related furnishings. Distribution occurs through owned stores and independent dealers across the country. Key leadership includes Kurt Darrow as President and CEO, overseeing operations in the consumer goods sector.
Who are the top competitors of La-Z-Boy?
What products or services does La-Z-Boy offer?
La-Z-Boy offers Recliners, Chairs, Sofas and Sectionals, and Ottomans.
Is La-Z-Boy publicly traded?
Yes, La-Z-Boy is publicly traded on NYSE under the ticker symbol LZB.
How many acquisitions has La-Z-Boy made?
La-Z-Boy has made 1 acquisition, including Joybird.
Who are La-Z-Boy's investors?
La-Z-Boy has 3 investors. Key investors include Comerica, Silvercrest Asset Management Group, and SPP Capital Partners.
What is La-Z-Boy's ticker symbol?
The ticker symbol of La-Z-Boy is LZB on NYSE.