Restoration Hardware files plans for $150 million IPO

New York -- A Thursday report by Wall Street Journal said that Restoration Hardware Holdings Inc. has filed plans for an initial public offering of up to $150 million in common stock.

The retailer, which this week unveiled its new RH branding, is looking to the IPO to pay down debt. It was acquired in 2008 by Catterton Partners in a $179 million buyout and last month revealed a plan for reorganization on the heels of co-CEO Gary Friedman’s resignation following an internal probe into a relationship with a female employee.