Launch of New Brand Extension Coincides with National Ranking
TORONTO, Sept. 14, 2017 /PRNewswire/ — Toronto-based furniture and home accessories manufacturer, The FHE Group Inc., has been named one of Canada’s Fastest-Growing Companies in the 29th annual PROFIT 500, Canadian Business announced today. FHE ranked 148 out of 500 companies, displaying a five-year revenue growth rate of 477%, some of the most successful five-year revenue growth in all of Canada.
“It is never easy to earn a spot on the PROFIT 500, but this year’s applicant pool was the most competitive yet,” says Deborah Aarts, PROFIT 500 program manager. “This year’s winners demonstrate the resilience, innovation and sheer management smarts it takes to build a thriving business today. Canada – and the world – needs more entrepreneurial success stories like these.”
The PROFIT 500 announcement coincides with two major milestones for FHE – the launch of the company’s newest brand extension, Kvell, and the promotion of Alan Wisniewski to Director of Design. Wisniewski spearheaded development of the Kvell brand, designing the range of products which features uniquely designed, colorful, multipurpose products for the home. The Kvell line will be available at Kvellhome.com and select Hudson’s Bay locations, starting September 20, 2017.
“We are thrilled to be recognized by PROFIT 500 as one of Canada’s Fastest-Growing Companies,” states Adam Schachter, President of The FHE Group. “It’s incredibly exciting to simultaneously launch our first brand extension, Kvell, and receive this tremendous honor from the prestigious PROFIT 500.”
About the PROFIT 500
For 29 years, the PROFIT 500 has been Canada’s most respectable and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian companies on five-year revenue growth.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics.
About The FHE Group Inc.
Founded in 2009, The FHE Group Inc. designs, manufactures and distributes designer home accessories for everyday life. FHE’s mission is to create fresh, contemporary home accents with superior value and quality in mind. The September 2017 launch of Kvell marks the introduction of the first brand extension by the company. Adam Schachter and Jonathan Levy grew up together in Toronto, Canada and have been friends since grade school. Bringing together their combined passions for design and business, they created the FHE Group Inc. Both Adam and Jonathan have a wealth of knowledge and experience in the home furnishings industry, which has afforded them the opportunity to take a small idea and grow it into a globally recognized and respected brand.