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This MillerKnoll brand is coming to company’s NYC flagship in 2024

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Wednesday, 12 July 2023

ZEELAND, Mich. — Knoll is joining other members of Top 100 MillerKnoll’s family of brands at 251 Park Avenue South in the spring of 2024.

Knoll will debut its new retail showroom with additional Knoll contract showroom space showcasing its products and modern design for home and office. Already situated in the building are the flagship Herman Miller retail showroom on the first floor, Herman Miller contract showroom, Geiger showroom and Maharam sales office and studio. Knoll’s current studio and showroom at 1330 6th Avenue will close concurrently with the opening of the new space.

Read full article here: FURNITURE TODAY

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Herman Miller and Knoll Move Forward as MillerKnoll

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Thursday, 29 July, 2021

Herman Miller (NASDAQ: [MLHR / TICKER]) today announced that, after completing the acquisition of Knoll, Inc. (“Knoll”) on 19 July, 2021, the combined company will move forward as MillerKnoll. Herman Miller and Knoll, along with their legacy brands, will continue forward as part of MillerKnoll. In addition, MillerKnoll will have a new operating model that will ensure strong brand ownership, transforming the industry and redefining modern design.

Read full article here: (Architect Magazine)

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Herman Miller completes merger with Knoll; becomes MillerKnoll

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Tuesday, 20 July, 2021

ZEELAND — After completing its acquisition of furniture designer Knoll, Zeeland-based Herman Miller announced the brands will continue under a new name: MillerKnoll.

“We are excited to introduce MillerKnoll, a collective of dynamic brands coming together to design the world we live in,” said MillerKnoll President and CEO Andi Owen, who formerly held the same title at Herman Miller.

Read full article here: (Holland Sentinel.Com)

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Inside the Herman Miller x Knoll merger

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Friday, 25 June, 2021

In late April, Herman Miller and Knoll announced their forthcoming union. Two months later, the shape of the merger is starting to become clear. Among other key details, we now know that the two have set a date for the design wedding of the century.

In internal emails obtained by Business of Home, Herman Miller CEO Andi Owen wrote to staff on June 18 that while the deal had originally been set to finalize in the third quarter of 2021, the merger has achieved antitrust clearance ahead of schedule, paving the way for a much earlier signing. Both companies are now set to hold shareholder votes on July 13. “Assuming everything goes as hoped, the deal should close about a week after those meetings,” Owen wrote.

Read full article here: (Business Of Home)

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Herman Miller and Knoll to Combine, Creating the Preeminent Leader in Modern Design, Catalyzing the Transformation of the Home and Office

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Monday, 19 April, 2021

Herman Miller, Inc. (NASDAQ: MLHR) and Knoll Inc. (NYSE: KNL) today announced that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at $1.8 billion. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by the end of the third quarter of calendar year 2021, subject to the satisfaction of closing conditions.

Read full article here: (GLOBE NEWSWIRE)

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Healthcare Furniture Market Is Booming Worldwide : Steelcase, Knoll, MedViron

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Tuesday, 19 January 2021

Edison, NJ — (SBWIRE) — 01/19/2021 — Latest Report Available at Advance Market Analytics, “Healthcare Furniture Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.

The global Healthcare Furniture market focuses on encompassing major statistical evidence for the Healthcare Furniture industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study. In addition the Healthcare Furniture study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.

Read full article or Download here: (Digital Journal)

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Three H adds new U.S. regional sales director

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Thursday, 07 January 2021

NEW LISKEARD, ONTARIO – Three H furniture company has added James Reese as its new U.S. regional sales director effective Jan. 18.

Reese most recently was the sales director at 9 to 5 Seating, and he has had several years of experience as an independent sales rep for leading furniture brands, including Knoll. He also was the national sales manager for OFS Brands during the growth years for that company.

Read full article or Download here: (Furniture Today)

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Knoll boosts work-from-home furnishings sales

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Wednesday, 12 August, 2020

EAST GREENVILLE, Pa. – Contract furniture manufacturer Knoll Inc. reported $274.1 million is net sales for the second quarter ended June 30 — a 25.4% dip compared to the same period in 2019. Knoll said a bigger revenue decline was mitigated by “strong work from home results and channel diversification.”

The company reported a net loss of $9.6 million loss for Q2 compared to a $21.6 million profit one year ago.

Read full article here: (Woodworking Network)

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Knoll second quarter results hit hard by pandemic

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Thursday, 23 July, 2020

EAST GREENVILLE, Pa. – In a letter to shareholders, Knoll, Inc. Chairman and Chief Executive Officer, Andrew B. Cogan, and Senior Vice President and Chief Financial Officer, Charles W. Rayfield, reported decreases in every financial measurement and outlined their game plan to restore the company when the COVID-19 pandemic passes.

Read full article here: (WFMZ)

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Knoll Reports First Quarter 2020 Results

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Monday, 27 April, 2020

(GLOBE NEWSWIRE) — Knoll, Inc. (NYSE: KNL), a leading designer and manufacturer of furnishings, textiles and fine leathers for the workplace and home, today announced results for the first quarter ended March 31, 2020.

First Quarter Highlights

Net Sales increased 2.2% to $340.0M
GAAP Gross Margin decreased 120 bps to 36.0%
Adjusted Gross Margin decreased 80 bps to 36.4%
GAAP Operating Expenses increased $16.3M to $110.9M or 32.6% of net sales
Adjusted Operating Expenses increased $8.9M to $100.9M or 29.7% of net sales
GAAP Operating Margin decreased 520 bps to 1.8% in the Office segment
GAAP Operating Margin decreased 480 bps to 11.0% in the Lifestyle segment
Adjusted EBITDA Margin decreased 110 bps to 9.0% in the Office segment
Adjusted EBITDA Margin decreased 400 bps to 15.3% in the Lifestyle segment
GAAP Net Earnings decreased $7.1M to $10.9M or 3.2% of net sales
Adjusted EBITDA decreased $8.4M to $33.2M or 9.8% of net sales
GAAP Diluted EPS decreased $0.15 to $0.22
Adjusted Diluted EPS decreased $0.01 to $0.40
This release contains non-GAAP financial measures. Please refer to the Reconciliations of Non-GAAP Financial Measures section for reconciliations to the most directly comparable GAAP measure.

Read full article here: (GLOBENEWSWIRE)