Richloom, founded by Fred Richman, is a third generation family operated and owned home furnishing business. After working in his father’s textile business, Fred started Richloom Fabrics Group in 1957 with a $5,000 loan. Fred passed away in 2020, but not before he saw his company grow into the global multi- faceted textile and finished goods company it is today.
Fred’s son, Jim Richman, joined the company in 1972. He has led the company for the past 35 years, employing more than 250 people in the U.S. and 300 people globally. Jim’s strategic vision to source goods globally led to Richloom’s eventual expansion in China, propelling Richloom into the furniture, finished goods and hospitality trade. While Jim continues as Richloom’s CEO, his nephew Michael Saivetz has served as COO for the past 15 years. Michael focused his early career on Richloom’s growth strategy in Shanghai as well as advancing the company into the RV industry.
Over the last few years, Michael has focused on further expanding Richloom’s footprint, playing an instrumental role in acquiring a domestic mill in North Carolina, now called Richloom Weaving. This acquisition not only allowed the company to navigate the Covid-19 pandemic but has put Richloom in a stronger position for the future.
Check out more of Richloom and their Fortress line HERE!