Friedman positioned RH Estates as a major growth driver and said it is designed to address the traditional category where RH is “under-penetrated.” He cited RH’s internal view that 60% of luxury homes feature classic or traditional architecture , which influences furniture purchasing behavior.The CEO framed 2025 as the company’s “peak investment year,” citing $289 million of adjusted CapEx tied to global expansion and an additional $37 million for the acquisition of the Michael Taylor Designs, Formations, a ...