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

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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

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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

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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

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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

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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

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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

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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

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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

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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