Steelcase deploys Descartes MacroPoint for shipment visibility

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Steelcase Inc., a shipper-supplier of architecture, furniture and technology products and services, has deployed Descartes MacroPoint for real-time shipment visibility across its U.S. distribution network.

The cloud-based Descartes MacroPoint system gives carriers, brokers, logistics service providers and shippers, such as Steelcase, real-time visibility into load status.

Read full article here: (CCJ MAGAZINE) https://www.ccjdigital.com/steelcase-deploys-descartes-macropoint-for-shipment-visibility/

Steelcase Named One of the World’s Most Admired Companies

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Fortune has recognized Steelcase (NYSE:SCS) as one of its 2019 World’s Most Admired Companies in the Home Equipment and Furnishings industry sector. For the first time, Steelcase earned the top spot in the category.

Businesses featured on the Most Admired list are ranked by business executives, directors, and analysts through surveys, and represent excellence in nine criteria. Steelcase received high scores in the Innovation, Social Responsibility, Quality of Management, Financial Soundness and Quality of Products/Services categories.

Read full article here: (GLOBE NEWSWIRE) https://globenewswire.com/news-release/2019/01/28/1706140/0/en/Steelcase-Named-One-of-the-World-s-Most-Admired-Companies.html

Florence Knoll Bassett, designer who transformed corporate offices, dies at 101

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Florence Knoll Bassett, an enormously influential architect and designer who changed the look and feel of corporate offices with a “total design” concept through open floor plans, spare, straight-edged desks and furnishings and a devotion to aesthetic simplicity, died Jan. 25 at her home in Coral Gables, Florida. She was 101.

Her death was confirmed by David Bright, a spokesman for Knoll International, the design and furniture company she once led.

Read full article here: (THEMERCURYNEWS) https://www.mercurynews.com/2019/01/27/florence-knoll-bassett-designer-who-transformed-corporate-offices-dies-at-101/

Steelcase to Issue $450.0 Million of Senior Notes

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Steelcase Inc. (NYSE: SCS) announced today that it has agreed to sell $450.0 million aggregate principal amount of 5.125% senior notes due January 18, 2029 in an underwritten public offering in which J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers. The company intends to use a portion of the net proceeds from the offering to fund the redemption of its 6.375% Senior Notes due 2021, of which $250 million in the aggregate principal amount is outstanding, and related fees and expenses.

Read full article here: (GLOBE NEWSWIRE) https://globenewswire.com/news-release/2019/01/16/1701012/0/en/Steelcase-to-Issue-450-0-Million-of-Senior-Notes.html

Contract Furniture Manufacturer Kusch+Co is Taken Over by Market Leader Nowy Styl Group

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The third-generation family-run contract furniture manufacturer Kusch+Co from Hallenberg (Sauerland) will become part of the family-owned Polish Nowy Styl Group. In recent years, the Nowy Styl Group has already made three acquisitions in Germany, the Netherlands and Switzerland as a strategic investor (Grammer Office, Rohde & Grahl, Sitag) and proved to be an outstanding partner in this context. The company generates over 80 percent of its sales outside its home market and achieved sales of around EUR 380 million in 2018.

Read full article here: (AVIATIONPROS) https://www.aviationpros.com/press_release/12440588/contract-furniture-manufacturer-kuschco-is-taken-over-by-market-leader-nowy-styl-group

Almost 200 job losses as North East manufacturer collapses into administration

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Nearly 200 workers have been made redundant at furniture maker Godfrey Syrett after the company collapsed into administration.

The company, which describes itself as a “true British furniture manufacturer”, entered administration on Tuesday 8 January and closed its three North East offices.

The company employed 204 members of staff across its bases in Killingworth, North Tyneside and Langley Moor and Belmont, both in Durham.

Read full article here: (ChronicleLive) https://www.chroniclelive.co.uk/business/business-news/godfrey-syrett-enters-administration-putting-15658398

Martela’s outlook for 2018

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MARTELA CORPORATION STOCK EXCHANGE RELEASE 9 JAN 2019 AT  11.00 A.M.
Martela Group lowers its revenue and operating result guidance for 2018. Revenue in the fourth quarter did not develop as previously estimated and this will impact negatively on the full year revenue and operating result. Revenue was mainly impacted by unclarity in the public sector in Finland because of the prolonged contract negotiations. Impact was materially shown in December sales, which traditionally has been stronger than in other months.

Read full article here: (GlobeNewswire) https://globenewswire.com/news-release/2019/01/09/1682583/0/en/Martela-s-outlook-for-2018.html

 

Herman Miller, Inc. (MLHR) Shares Bought by Renaissance Technologies LLC

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Renaissance Technologies LLC increased its stake in Herman Miller, Inc. (NASDAQ:MLHR) by 414.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,765 shares of the business services provider’s stock after purchasing an additional 215,700 shares during the quarter. Renaissance Technologies LLC owned about 0.45% of Herman Miller worth $10,282,000 at the end of the most recent quarter.

Read full article here: FAIRFIELD CURRENT https://www.fairfieldcurrent.com/news/2019/01/05/herman-miller-inc-mlhr-shares-bought-by-renaissance-technologies-llc.html