Monarch Robe & Towel Company Acquires Top Competitor, Cypress Luxury Bath & Bed
Two leaders in the hotel bathrobe and linen industry are merging to form powerhouse company.
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Although the two companies have been spirited rivals for many years, they share a key link that will undoubtedly make the merger a seamless one. Gene Faul, CEO of Monarch's hotel division, and Karen Faul, president of the hotel division, were the founders of Cypress. The couple ran Cypress from its inception in 1980 until 2010, when they joined Monarch.
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- Companies:
- Monarch Robe & Towel
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