(GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $753.1 million and a net loss of $2.2 million, or $0.02 per share. In the prior year, Steelcase reported revenue of $677.1 million and net income of $6.6 million, or $0.06 per share.
Flokk, one of the leading European manufacturers of office seating and office furniture products, has acquired UK-based office furniture manufacturer Connection, expanding its footprint in the strategically important UK market and underpinning its international growth strategy. “Having Connection join the Flokk group moves us into the major league of Europe’s second-largest office seating market. We roughly double our size to about EUR 30 million in the key UK market. The transaction is another example of Flokk continuing to consolidate the fragmented European office seating market through targeted and value-creating acquisitions of attractive companies and brands,” says Lars I. Røiri, CEO of Flokk.
The latest update of the Top 100 European Office Furniture Manufacturers’ Report as of 31 October 2021 has just been published.
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Peter Gaslow, President and CEO of Empire Office, Inc. (www.empireoffice.com), a leading provider of curated furniture & interior solutions for commercial spaces, today announced it has entered into an agreement to acquire DeKalb Office Environments, Inc., establishing its local presence in Atlanta and Birmingham. The transaction will close on January 1, 2022, at which point, the DeKalb Office name will temporarily transition to DeKalb by Empire Office, along with an accompanying updated logo, website and brand identity.
The Workplace Design Show was held earlier this month in London, and with great weather and loads of visitors, there was plenty to keep everyone happy.
Our Review of the show is attached which I hope you find useful.
This presentation contains “forward-looking” statements based on current expectations regarding future plans, events, outlook, objectives,financial performance, expectations for sales growth, and earnings per diluted share (GAAP and non-GAAP), including statements regarding the expected effects on the Corporation’s business, financial condition and results of operations from the COVID-19 pandemic.
Newport based office furniture manufacturer Bisley has appointed Jeanine Goddard as its new, and first, Creative Director.
Jeanine assumes her new position after four years as Bisley’s Showroom and Interior Designer, where she has been responsible for developing and enhancing the Bisley aesthetic at their London Clerkenwell showroom and at Bisley’s global subsidiaries around the world including Dubai, New York, Paris and Dusseldorf.
Change is at the top of the agenda for many companies. It is now foreseeable that a not inconsiderable number of office workers will also work on mobile devices beyond Corona. The hybrid working world inevitably leads to considerations to adapt the office layouts accordingly. Real estate economist Andreas Pfnür estimates that 60 percent of office properties will be converted in the next ten years. The Inwerk LAB-3 near Gießen, which opened in January 2021, shows how the upcoming change in companies and the practice of New Work can succeed. The completely new building with an area of 2,500 square meters and an open floor plan consists entirely of Inwerk’s own office furniture and furnishing systems. LAB-3 is an innovation lab and operating location in which Inwerk teams configure their workplaces and all other functional locations themselves, vary and test the use of flexible furniture in order to generate new ideas for productive processes. At the same time, the LAB-3 is an inspiring world of experience for corporate customers and interested parties, who can find transferable design solutions for their companies here. The project, which is unique in the industry, has been given the additional name “Home of New Work”.
Sara Armbruster became the 10th CEO in the 109-year history of Steelcase on Monday, Oct. 4.
Armbruster succeeds Jim Keane, who previously announced his plan to retire in January 2022. Keane will continue at Steelcase as vice chair until his retirement from the company.
Sara Armbruster has taken charge as the new president and CEO of Steelcase, which is number two on the FDMC 300 list of largest woodworking manufacturing companies.
Armbruster, 50, replaces Jim Keane, who announced last April he would be stepping down from top leadership in the company. Keane is expected to take on a new role as vice president of the company’s board of directors until his planned retirement in 2022.
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