MILLERKNOLL, INC. : Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

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12 April, 2023

The following is management's discussion and analysis of certain significant
factors that affected the Company's financial condition, earnings and cash flows
during the periods included in the accompanying Condensed Consolidated Financial
Statements and should be read in conjunction with the Company's Annual Report on
Form 10-K for the fiscal year ended May 28, 2022. References to "Notes" are to
the footnotes included in the accompanying Condensed Consolidated Financial
Statements.
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CT commercial furniture company acquired by Boston firm

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11 April, 2023

Hartford-based De Clercq Office Group, a commercial furniture company, has been acquired by a Boston firm in the same industry, the companies announced this month.

Creative Office Resources, a Boston-based commercial furniture dealer, closed on an acquisition of De Clercq Office Group on April 4. Prior to the acquisition, both companies were considered two of the larger certified dealers of commercial and home furniture brand MillerKnoll in North America.

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Louisiana State Employees Retirement System Increases Holdings in MillerKnoll, Inc. by 77.7%: Impressive Q1 2023 Results and Growth Prospects

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9 April, 2023

On April 9, 2023, financial markets buzzed with news of Louisiana State Employees Retirement System’s decision to increase their holdings in MillerKnoll, Inc. by a staggering 77.7%. As per the company’s SEC filing, the fund had acquired an additional 15,700 shares during Q4 2022, bringing their total stake to 35,900 shares worth approximately $754,000.

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Teknion’s New Collaboration Hub is Set for Gurugram Launch

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6 April, 2023

GURUGRAM, India, April 5, 2023 /PRNewswire/ — Teknion Corporation is set to unveil its latest collaboration hub in the bustling business district of Gurugram on April 6 and 7, 2023.

The 6000 sq. ft. hub is set to house a family of brands: Teknion, Studio TK, and Luum Textiles, with an aim to provide visitors with a first-hand experience of Teknion’s state-of-the-art workspace solutions. The collaboration hub will feature an open layout comprising several workspace solutions that are aligned with the latest workplace trends. “Social collaborative workspace solutions are a key focus for us especially with the rise of hybrid work styles,” says Saiful Anuar, Director of Marketing and Customer Solutions.

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Bisley founder passes away

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5 April, 2023

It is with great sadness that Bisley announces the passing of its Chairman and owner Anthony ‘Tony’ Brown, aged 86, on 4 April.

Tony began working at Bisley in 1960 and acquired the company from his father in 1970. At the time, the business had 45 staff members and annual sales of £370,000 ($400,000). Today, it generates annual revenue of around £70 million and exports its products to more than 75 countries.

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High-end Italian furniture brand joins Haworth Lifestyle Design

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05 April, 2023

High-end furniture designer and maker Cassina, part of Haworth Lifestyle Design, has reached an agreement to acquire Zanotta, an historic, high-end Italian furniture designer and maker.

Cassina will coordinate Zanotta’s activities and future development plan.

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Amid tech downsizing, Bay Area firm helps give office furniture a new home

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4 April, 2023

SAN FRANCISCO – As tech companies continue to layoff tens of thousands of workers and downsize their office space, there’s a glut of office furniture left behind.

Reseat.com, an office furniture reselling business based in San Jose, is helping companies find an environmentally-friendly solution.

A San Francisco company just gave Reseat founder Brandi Susewitz dozens of office chairs for free.  She often gets hundreds. As companies downsize and say goodbye to office space, Susewitz inks contract after contract, to either sell, donate, or throw away most of their furnishings.

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Maryland State Retirement & Pension System Acquires Stake in La-Z-Boy, Securing Position in Furniture Industry Leader

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4 April, 2023

Maryland State Retirement & Pension System has recently acquired a new stake in La-Z-Boy Incorporated, as reported by its most recent filing with the Securities and Exchange Commission. The purchase amounted to 17,940 shares at approximately $409,000. This move solidifies Maryland State Retirement & Pension System’s position in a company that engages in the production of reclining chairs and manufacture and distribution of residential furniture.

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Bank of New York Mellon Trims Position in MillerKnoll, Inc. as Furniture Manufacturer Posts Impressive Q1 Results

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2 April, 2023

MillerKnoll, Inc. (NASDAQ: MLKN), a leading manufacturer of household and office furniture, has recently seen a minor change in the number of shares owned by Bank of New York Mellon Corp. The financial institution trimmed its position by 5.2% during the third quarter, selling over 57 thousand shares on the market according to its latest 13F filing with the Securities and Exchange Commission. As of the most recent reporting period, Bank of New York Mellon Corp owned approximately 1.38% of MillerKnoll stock, worth $16,315,000.

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MillerKnoll to permanently close Wisconsin plant, laying off 162

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30 March, 2023

SHEBOYGAN, Wis. – Office furniture giant MillerKnoll will permanently close its manufacturing facility in Sheboygan, Wis., laying off 162 employees.

According to a Worker Adjustment and Retraining Notification (WARN) Act notice filed at the end of March, the company will phase out all operations at the plant over the coming months. By Sept. 29, the plant will be completely shut down.

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