Malouf, the Nibley-based bedding company, has acquired Downeast, the regional clothing and furniture retail chain that has a presence in Cache Valley.
Those developments became known in a news release from Downeast, which touted the fact that Sam Malouf and his wife, Kacie, were now owners of the Salt Lake City-based company that employs some 700 people and includes stores in Utah, Nevada and Arizona. Read the rest of the story here on hjnews.com.
This story is brought to you through a community reporting partnership between The Herald Journal and Utah Public Radio.
