Herman Miller Makes Temporary Business Adjustments in Response to Impact of COVID-19

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Friday, 03 April, 2020

/PRNewswire/ — Herman Miller, Inc. (NASDAQ: MLHR), the global designer and furniture manufacturer, announced today a set of actions throughout its global operations in response to the uncertain economic outlook resulting from the COVID-19 pandemic.

“Since the onset of the COVID-19 pandemic, we’ve been carefully considering the right things to do for our people and our company to ensure we have both a healthy employee base and business when we emerge from these uncertain times,” said Andi Owen, President and CEO of Herman Miller. “Just as we entered this crisis in a strong financial position, we are taking immediate actions to reduce expenses and manage liquidity so we can maintain strong financial footing on the other side of it.”

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Herman Miller production to include medical protective equipment

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Wednesday, 1 April, 2020

HOLLAND — Herman Miller is responding to the shelter-in-place and similar government orders at its headquarters in Zeeland and various locations around the world.

Gov. Gretchen Whitmer’s stay-home executive order requires non-essential businesses to close for three weeks until April 13.

Starting Monday, March 30, Herman Miller announced in a press release it anticipated bringing back as much as 30 percent of its manufacturing employees to help support customers who are “actively engaged in the COVID-10 response.”

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Gabriel A/S completes the acquisition of Visiotex GmbH

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Friday, 20 December, 2019

Gabriel A/S has today acquired 100% of the share capital of the German fabric-solution manufacturer Visiotex GmbH. The price for the shares is agreed at EUR 0.5 million in cash. In addition hereto bank debt of approx. EUR 2.0 million is taken over.

Visiotex is recognised within the furniture industry for innovative fabric solutions. The patented Wovenit-technology makes it possible, in one process, to design and produce fabric-solutions with built-in functionality without subsequent cutting and sewing.

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Steelcase Announces Appoint­ment of Catherine “Triona” Schmelter to Board of Directors

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Tuesday, 17 December, 2020

Steelcase today announced Catherine “Triona” C.B. Schmelter has been appointed to its board of directors. Ms. Schmelter is President, Meal Solutions of TreeHouse Foods, Inc., a $4.3B Fortune 500 manufacturer of packaged foods and beverages.

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Knoll Declares Cash Dividend

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Wednesday, 7 August, 2019

Knoll, Inc., (NYSE:KNL), a leading designer and manufacturer of furnishings and coverings for the workplace and home, today announced that the Company’s Board of Directors declared a quarterly cash dividend to $0.17 per share payable September 30, 2019 to shareholders of record on September 16, 2019.

The declaration and payment of dividends is subject to the discretion of the Board of Directors and depends on various factors, including our net income, restrictions in our credit facility, financial position, cash requirements and other factors deemed relevant by our Board of Directors.

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Steelcase Inc. (NYSE:SCS) Expected to Post Quarterly Sales of $980.75 Million

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Sunday, 4 August, 2019

Brokerages expect Steelcase Inc. (NYSE:SCS) to post $980.75 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Steelcase’s earnings, with the lowest sales estimate coming in at $980.70 million and the highest estimate coming in at $980.80 million. Steelcase reported sales of $875.80 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The business is scheduled to announce its next quarterly earnings report on Thursday, September 19th.

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Louisiana State Employees Retirement System Sells 800 Shares of Herman Miller, Inc.

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Sunday, 4 August, 2019

Louisiana State Employees Retirement System trimmed its holdings in shares of Herman Miller, Inc. (NASDAQ:MLHR) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,000 shares of the business services provider’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Herman Miller were worth $666,000 as of its most recent filing with the SEC.

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Microsoft, Steelcase Deliver Huddle Rooms on Wheels with Surface Hub 2S

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Wednesday, 28 June, 2019

Microsoft has begun shipping the new Surface Hub 2S, its video conferencing digital whiteboard platform that aims to address the emerging desire among customers to create mobile huddle rooms on the fly. Introduced earlier this year, Microsoft has partnered with office furniture maker Steelcase to develop a custom cart on wheels optimized to move and create ad hoc video conferences.

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Inscape Announces Fiscal Year 2019 Fourth Quarter Results

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Thursday, 27 June, 2019

Inscape (TSX: INQ), a leading designer and manufacturer of furnishings for the workplace, today announced its fourth quarter financial results ended April 30, 2019.  Sales in the fourth quarter of fiscal year 2019 were $18.6 million, an increase of 7.7% compared to the same quarter of the prior year on a comparable basis when excluding prior year sales from an exited business unit. Including prior year sales from the exited business unit, sales were down 13.4% compared to the same quarter of the prior year. Sales for fiscal year 2019 were 9.2% higher than the prior year sales excluding an exited business unit.

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Harvey Norman Acquires Bowermans Office Furniture

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Wednesday, 26 June, 2019

Australian retailer Harvey Norman has continued its diversification with the reported purchase of nationwide office fit-out specialist, Bowermans Office Furniture.

On Bowermans’ current website, it states it is now “A specialised department of Harvey Norman Commerical Division.”

It appears that Bowermans will continue business as normal, but with added support and business development.

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