WeWork China unit value jumps to $5bn after fresh fundraising

Thursday, 26 July, 2018

Japan’s SoftBank, its Saudi-backed Vision Fund and the Singapore sovereign wealth fund Temasek are ploughing money into a WeWork subsidiary in China, lifting its value fivefold to $5bn.

The $500m investment round also drew the backing … Read more

Furniture manufacturer Steelcase to set foot in Dhaka

Thursday, 26 July, 2018

Dhaka, July 26 (UNB) – Steelcase, the global leader in office furniture and innovative workspace solutions, is set to open its first dealer showroom in Bangladesh on August 9 next.

Developed in partnership with Work … Read more

HNI Q2 sales improve

Wednesday, 25 July, 2018

HNI, parent company of HON office furniture brand, reported improved sales and better than expected results for Q2 2018.

After issuing a profit warning last year due to disappointing sales, the company has seen a … Read more

HNI Corp. reports 2Q earnings

Wednesday, 25 July, 2018

HNI Corp., based in Muscatine, announced sales rose to $543.6 million and net income was $18.6 million for the second quarter.

The quarter, which ended June 30, also saw generally accepted accounting principles, or GAAP, … Read more

Royal Ahrend reinforces position and ambition in Asia

Royal Ahrend, the leading Dutch designer and manufacturer of sustainable and healthy working environments, is reinforcing its position in China by opening a Flagship Showroom in the Shanghai city centre.

Royal Ahrend, the leading Dutch designer and manufacturer … Read more

Longtime Steelcase Exec F.H. Merlotti dies

GRAND RAPIDS, Mich. (WOOD) — A man who served as a longtime leader for one of the largest West Michigan-based companies died Wednesday at the age of 91.

Frank H. Merlotti Sr. served as Steelcase’s President and CEO from … Read more

CEO Kallup has left the Dauphin Group

Dr. Bernhard Kallup, Chairman of the Management Board of the holding company Dauphin Office Interiors since October 2016, has left the company and transferred the management tasks to a four-person management team. As a statement released today by the company … Read more

As income soars, Herman Miller could move manufacturing out of the US

ZEELAND, Mich. – Office furniture giant Herman Miller‘s fourth-quarter earnings and revenue are soaring – topping analysts’ expectations, it said in an earnings call last week.

Net income was $32.2 million for the quarter and sales were $618 million, … Read more

Herman Miller Reports Fourth Quarter Fiscal 2018 Results

Monday, 2 July, 2018

ZEELAND, Mich.June 2, 2018 /PRNewswire/

NOTE: A data supplement with additional financial information relating to the periods covered by this press release is available for download from the Company’s website at http://www.hermanmiller.com/about-us/investors.html.

Herman Read more