The wine in the vault is from a business RH bought that sells wine, art and antiques. There’s been a first foray: the St. Helena, Calif. home of company chief Gary Friedman, which is on the market for $10.5 million. Could Restoration Hardware, RH 4.94 % the luxury furnishings retailer known for pitching African mud cloth throws and Venetian beaded mirrors, someday get into the business of selling luxury homes themselves? One of the garages became a wellness center with a gym, yoga studio and outdoor massage room. Hillary Ryan of Pacific Union and Christie’s International Real Estate has the listing.

Source: Wall Street Journal August 05, 2016 15:05 UTC