Altus co-founders invented a lifting technology for standing desks that gained traction in health care.
A French commercial court chose Nowy Styl Group’s offer to become an investor in Majencia, a company in bankruptcy. Nowy Styl will take over plants in Noyon and Bressuire, and hire most of Majencia’s staff. Setting up of a new company is expected to help heal the French company and restore it to a leadership position on the French office furniture market.
The company says its national expansion and subsequent 70 percent jump in sales in 2018 can be attributed to its growing and diverse portfolio of furniture offerings.
Year-over-year healthcare sales increased 39% over 2018. Proportionally, as a percentage of product and transportation revenue, they increased from 16% in 2018 to 20% in 2019, reflecting the impact of a large project and continued penetration into the healthcare sector.
Sales of office products introduced in the last three years increased 29% over the prior year third quarter. New product sales approximated 27% of total office sales compared to 22% in the prior period.
KI's board of directors appointed Brian Krenke the company's next CEO. The transition was effective May 1, 2019 and was part of a planned leadership change.
Despite solid organic growth of 8% for the fourth quarter and 6% for the full fiscal year ended January 31, 2019, sudden increases in the cost of raw materials and other key inputs negatively impacted operating margins.
"Our strategy to diversify our sources of revenue into higher margin Lifestyle categories with both residential and crossover workplace applicability, combined with efforts to improve the profitability of our Office segment, is delivering strong top line growth, margin expansion and EPS growth.”
First quarter office furniture net sales decreased $27.4 million or 7.2 percent from the prior year quarter to $353.5 million.
“We are excited to support the growing movement to close the loop between manufacturers and the A&D community, communicating the importance of specifying healthy furniture.”
Keilhauer, ASID and BIFMA have partnered to launch a new CEU course developed to help design professionals make the best commercial furniture decisions for their clients.
Steelcase revealed Steelcase® Flex — an integrated collection of furniture and accessories designed to meet the needs of modern teams and their changing activities.
Steelcase introduced a new way to give teams an unprecedented level of control over how they collaborate. Microsoft launched its next generation all-in-one collaboration device built for teamwork: Surface Hub 2S.
Design Holding, the new furniture and lighting group made up of B&B Italia, Flos and Louis Poulsen, has marked its first show at Salone del Mobile by presenting the biggest stand the Milan fair has seen in decades.
Architect and artist Michele de Lucchi explains how his takeover of Poltrona Frau's flagship store during Milan design week explores new ways of working and learning, in this movie Dezeen produced for the Italian brand.
Ergonomic office furniture brand Humanscale's installation at Milan design week mimics the movements of its visitors, says its designer Todd Bracher in this movie filmed by Dezeen.