Restoration Hardware Holdings, Inc. Announces Departure of Co-Chief Executive Officer Carlos Alberini

  Restoration Hardware Holdings, Inc. Announces Departure of Co-Chief
  Executive Officer Carlos Alberini

Mr. Alberini Plans to Continue to Serve as a Member of the Board of Directors
             and Remain a Significant Shareholder of the Company

Business Wire

CORTE MADERA, Calif. -- December 12, 2013

Restoration Hardware Holdings, Inc. (NYSE: RH) today announced the resignation
of Carlos Alberini from his position as Co-Chief Executive Officer of the
Company, effective January 31, 2014. Mr. Alberini has accepted the position of
Chairman of the Board and Chief Executive Officer of Lucky Brand, in Los
Angeles, effective upon closing of the pending acquisition by Leonard Green &
Partners, L.P. Mr. Alberini plans to continue to serve as a member of the
Board of Directors of Restoration Hardware Holdings, Inc. and remain a
significant shareholder of the Company.

Gary Friedman, Chairman and Co-Chief Executive Officer, said, “On behalf of
myself, the Board and the entire RH team, I want to express our deepest thanks
to Carlos for the numerous contributions he has made as Co-Chief Executive
Officer. His leadership has been invaluable, and we are delighted with his
continuing service as a member of our Board of Directors.”

Mr. Friedman continued, “Carlos has been a tremendous partner to me
personally, and while disappointed to not have our relationship continue in
its current capacity, I am thrilled we will have the opportunity to work
together at the Board level in our quest to build one of the most innovative
and admired brands in the industry.”

Carlos Alberini said, “I have been presented with an opportunity to fulfill my
lifelong dream to run and build a company. Leaving RH has been one of the most
difficult decisions I have ever made in my career. Gary and I have built an
extraordinary relationship, which I treasure and will miss. These past few
years with Gary and the RH team have been extremely rewarding and fulfilling
and I am so proud of our accomplishments. I am honored and thrilled that I
will continue to have the opportunity to serve on the Board, and plan to
remain a significant shareholder in what I believe will be recognized as one
of the greatest retail stories of all time.”

In closing, Mr. Friedman commented, "We are developing a transition plan and
will initiate a search for Carlos’ replacement shortly. I am confident that
our exceptional leadership team will continue to drive industry leading growth
and results. From all of us at TeamResto, I wish Carlos, his wife Andrea, and
their entire family much love and happiness in this next adventure as they
return to their former home in Los Angeles."

Conference Call and Webcast Information

Restoration Hardware Holdings, Inc. will host a conference call at 2:00 p.m.
PT (5:00 p.m. ET) today to discuss this announcement and its third quarter
results. Interested parties may access the call by dialing (866) 394-6658
(United States/Canada) or (706) 679-9188 (International). A live broadcast of
Restoration Hardware’s conference call will also be available online at the
Company’s website www.restorationhardware.com under Investor Relations. A
replay of the conference call will be available through December 27 by dialing
(855) 859-2056 or (404) 537-3406 and entering passcode 19582570  as well as on
the Company’s investor relations website.

About Restoration Hardware Holdings, Inc.

RH (Restoration Hardware Holdings, Inc. - NYSE:RH) is a curator of design,
taste and style in the luxury lifestyle market. The Company offers collections
through its retail galleries, source books, and online at RH.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the
federal securities laws including statements related to the Company’s industry
leading growth and results, statements relating to the Company’s brands being
among the most innovative and admired in the industry and statements related
to Mr. Alberini’s continuing service on the Board of Directors and his plans
to remain a significant shareholder of the Company. You can identify
forward-looking statements by the fact that they do not relate strictly to
historical or current facts. These statements may include words such as
“anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,”
“may,” “will,” “should,” “likely” and other words and terms of similar meaning
in connection with any discussion of the timing or nature of future events. We
cannot assure you that future developments affecting us will be those that we
have anticipated. Important risks and uncertainties that could cause actual
results to differ materially from our expectations include, among others, our
ability to retain key personnel, general economic conditions and the impact on
consumer confidence and spending, changes in customer demand for our products,
our ability to anticipate consumer preferences and buying trends, risks
related to the number of new business initiatives we are undertaking, risks in
the implementation or our real estate portfolio transformation, delays in
store openings, risks related to “conflict minerals” compliance and its impact
on sourcing, if any, as well as those risks and uncertainties disclosed under
the sections entitled “Risk Factors” and “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” in Restoration Hardware
Holdings’ Form 10-K filed with the Securities and Exchange Commission on April
29, 2013, and similar disclosures in subsequent reports filed with the SEC,
which are available on our investor relations website at
ir.restorationhardware.com and on the SEC website at www.sec.gov. Any
forward-looking statement made by us in this press release speaks only as of
the date on which we make it. We undertake no obligation to publicly update
any forward-looking statement, whether as a result of new information, future
developments or otherwise, except as may be required by any applicable
securities laws.

Contact:

Investor Contact
Restoration Hardware Holdings, Inc.
Cammeron McLaughlin, 415-945-4998
VP, Investor Relations
cmclaughlin@restorationhardware.com
or
Press Contact
ICR, Inc.
Alecia Pulman or Jessica Liddell, 203-682-8200
RH@icrinc.com
 
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