All articles tagged with #office furniture
HNI Corporation, an Iowa-based office furniture manufacturer, is acquiring Steelcase for $2.2 billion, with the deal expected to close by the end of 2025, marking a significant expansion for HNI in the global office furniture market.
Steelcase's stock surged over 50% after agreeing to be acquired by HNI Corporation for $2.2 billion, in a deal that offers Steelcase shareholders a nearly 80% premium, with the transaction expected to close by year's end.
HNI Corporation is set to acquire Steelcase in a $2.2 billion deal, expanding its offerings and market presence in the office furniture industry, with the transaction expected to close by the end of 2025.
Steelcase Inc., a historic office furniture company, is set to be acquired by rival HNI Inc. in a $2.2 billion deal, marking a significant consolidation in the industry.
Amazon is offering the Dumo 55"x24" Electric Standing Desk for just $83.99, making it one of the most affordable electric standing desks available with features like memory presets, cable grommets, and headphone hooks. The desk includes a spliced desktop surface and features a single motor with a vertical range of 28.7" to 48" and a weight capacity of 176 pounds. Despite being a budget desk, it comes with a fully featured control panel, cable grommet holes, and headphone hooks. This deal reflects the significant drop in prices for electric standing desks, which used to start at $300 or more.
As the pandemic continues to impact office spaces in New York City, the fate of office furniture has become a logistical challenge. With only about half of the office space in the city occupied, the excess furniture is often discarded, auctioned, or repurposed. Some pieces find new homes in schools or churches, while others are sold by resellers or shipped overseas. The increase in unused office furniture has led to a growing market for movers and liquidators. Despite efforts to reuse and repurpose, a significant amount of office furniture still ends up in landfills, contributing to waste.
Andi Owen, CEO of office furniture company MillerKnoll, faced backlash after telling employees on a Zoom call to "leave pity city" over bonuses. Owen had received questions about bonuses and equated motivation with them. She took home bonuses of $1.29 million in 2022 and $1.12 million in 2021, while the company faced cost-cutting measures and layoffs. Owen apologized to staff after the video of her tirade went viral on social media.
Andi Owen, CEO of MillerKnoll, faced backlash after telling employees to "Leave Pity City" in response to questions about the lack of company bonuses. Owen received a compensation package of $5 million last year, while the average pay package for a sales executive at the company is $150,000. MillerKnoll's sales and orders have declined due to a slower economy and higher borrowing costs. Owen urged workers to focus on hitting the company's financial goals instead of asking about bonuses.