TORONTO, Nov. 1, 2016 /PRNewswire/ -- The FHE Group Inc. (FHE), Canadian-based furniture and housewares manufacturer, announced today that it has entered into a partnership with Isle of Man-based investor, Mark Scheinberg. Scheinberg was the former founder and CEO of Pokerstars, the market leader in Online Poker.
This new partnership allows FHE to further invest in world-class design and international expansion, with a focus on growing its distribution in Europe, increasing manufacturing agreements in Asia, and bolstering the efficiency of its infrastructure in Canada and the US. Commenting on the deal, FHE President, Adam Schachter, stated "the investment provides growth capital for FHE, leading to the hiring of more talent, further expansion of product development, and increased opening of global offices."
"FHE is at an exciting juncture," said Jonathan Levy, Managing Partner, FHE. "Mark's investment in the FHE team will help us propel our business and brand forward," Levy continued.
About The FHE Group Inc.
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. Adam Schachter and Jonathan Levy grew up together in Toronto, Canada and have been friends since grade school. Bringing 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 the large scale business it is today. They are enthusiastic about life, their families, and continuing to grow FHE, as a globally recognized and respected brand.
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SOURCE The FHE Group Inc.