Exhibit 99.1
ARHAUS ANNOUNCES SECONDARY OFFERING OF CLASS A COMMON STOCK BY SELLING STOCKHOLDERS
Arhaus, Inc. (Nasdaq: ARHS) (Arhaus or the Company), a rapidly growing lifestyle brand and omni-channel retailer of premium
artisan-crafted home furnishings, announced today that certain selling stockholders affiliated with Freeman Spogli & Co. (collectively, the Selling Stockholders) have commenced an underwritten public offering of 12 million
shares of the Companys Class A common stock (the Offering). Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional
1.8 million shares of the Companys Class A common stock. The proposed Offering is subject to market conditions, and there can be no assurance as to whether or when the proposed Offering may be completed or as to the actual size or
terms of the proposed Offering.
The Selling Stockholders will receive all of the proceeds from the proposed Offering. Arhaus is not selling any shares of
Class A common stock in the proposed Offering and will not receive any of the proceeds from the proposed Offering.
BofA Securities and Jefferies are
acting as joint lead book-running managers and as representatives for the proposed Offering. Morgan Stanley and Piper Sandler are acting as active book-running managers for the proposed Offering. Baird, Barclays, Guggenheim Securities and William
Blair are acting as book-running managers for the proposed Offering.
The shares of Class A common stock are being offered pursuant to a registration
statement on Form S-3 that was declared effective by the Securities and Exchange Commission (SEC) on December 30, 2022. The proposed Offering will be made only by means of a preliminary
prospectus supplement and an accompanying prospectus. Before you invest, you should read the preliminary prospectus supplement, accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the
Company and this Offering. A copy of the preliminary prospectus supplement and accompanying prospectus relating to this Offering may be obtained, when available, from the website of the SEC at http://www.sec.gov or from BofA Securities, Attn:
Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255, email: dg.prospectus_requests@bofa.com; or
Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, telephone: (877) 821-7388, email: Prospectus_Department@Jefferies.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Arhaus
Founded in 1986, Arhaus is a rapidly
growing lifestyle brand and omni-channel retailer of premium home furnishings. Through a differentiated proprietary model that directly designs and sources products from leading manufacturers and artisans around the world, Arhaus offers an exclusive
assortment of heirloom quality products that are sustainably sourced, lovingly made, and built to last. With more than 85 showroom and design studio locations across the United States, a team of interior designers providing complimentary in-home design services, and robust online and eCommerce capabilities, Arhaus is known for innovative design, responsible sourcing, and client-first service.