Paragon Interiors enters administration – Hardy ‘working towards a solution’

Thursday, 28 February, 2019

Paragon Interiors has entered administration leaving over 90 jobs under threat at the firm.

Leonard Curtis has been appointed administrator at the firm. In a statement last night (27 February), the firm said: “The joint administrators … Read more

HNI Corporation Reports Earnings for Fourth Quarter and Fiscal Year 2018

Monday, 25 February, 2019

HNI Corporation (NYSE: HNI) today announced sales for the full year ended December 29, 2018 of $2,258 million and net income of $93 million. GAAP net income per diluted share was $2.11 compared to $2.00 in … Read more

Steelcase’s $450 Million Senior Notes Offering

Monday, 25 February, 2019

Davis Polk advised the joint book-running managers and representatives of the several underwriters in connection with an SEC-registered offering by Steelcase Inc. of $450 million principal amount of 5.125% senior notes due 2029.… Read more

Herman Miller Appoints Three Visionary Leaders To Support Acceleration Of Global Growth And Innovation

Tuesday, 19 February, 2019

Herman Miller, Inc. (Nasdaq: MLHR), a leading global designer and furniture manufacturer, announced today that President and CEO Andi Owen has bolstered her leadership team with three new executive hires. Megan Lyon as Chief … Read more

Exact office furniture acquired by leading markerboard maker

Thursday, 7 February, 2019

CHICAGO – Egan Visual, one of the leading producers of whiteboards, glassboards, and other visual communication products, has acquired Exact Furniture Ltd., a 15-year manufacturer of furniture for education, office, and other … Read more

Knoll Reports Fourth Quarter and Full Year Results

Wednesday, 6 February, 2019

Knoll Reports Record 2018 Revenues

  • 4th quarter sales of $354.6M set quarterly record
  • 4th quarter margin expansion; GAAP EPS decline of 25.4% and Adjusted EPS growth of 54.1%
  • Muuto acquisition continues to deliver with accelerating top
Read more

IKEA trials leasing office furniture

Tuesday, 5 February, 2019

Swedish retailer IKEA is piloting a new rental model for office furniture as part of a new strategic direction. The trial is set to begin in Switzerland later this month and offers businesses the ability to … Read more

Narbutas more than doubled turnover since 2016

Tuesday, 5 February, 2019

The Lithuanian furniture manufacturer Narbutas continues to develop with enormous speed into a major player on the international office furniture market. Turnover grew by 47% in 2018 to around € 75 million, of which 88% was … Read more

Flatpack you can hand back: Ikea to rent out its furniture

Tuesday, 5 February, 2019

 

Ikea has begun moves to lease out anything from kitchens to office chairs as part of a drive towards sustainability.

The Swedish furniture chain, which wants to use more renewable and recycled material and transform … Read more