Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

New Zealand Furniture company folds but Formways remain

Monday 14 November 2011

Wellington's Formway Furniture is being put into liquidation but the company lives on under two different entities.
"We're surprised that it's making the news like it is," said Formway Distribution chief Christina Onoufriou.
Formway, which in its heyday was a $50 million company with 200 staff, split two years ago into Formway Distribution and Formway Design Studio.
Formway Furniture New Zealand Ltd was no longer needed, said one of the distribution company's directors, John Wilkinson. "It's a shell company, it's got [virtually] no assets."
Formway, renowned for its ergonomic office chairs, hit headlines when one of its chairs caught the eye of both former United States president Bill Clinton and the late boss of Apple, Steve Jobs. But tough times forced it to change form and outsource manufacturing to two local companies.
Onoufriou said that before the split the company had been quite large "but of course the market has changed and [so has] demand for office furniture products, [so] our organisation was restructured into more focused organisations which have their own ownership structures".
Formway Distribution, owned by Auckland restructuring specialist Tur Borren, has 10 staff and is in Ngauranga Gorge. Formway Design Studio is still in Seaview, designing and licensing the chairs, Wilkinson said.
Formway chairs were still doing well in the US under its licensee there, Knoll Inc.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.



moreLatest News

Tuesday 10 October 2017 Steelcase to invest $7.37M in Athens plant

ATHENS — Office furniture maker Steelcase plans a $7.37 million investment in equipment upgrades a

Thursday 5 October 2017 Andreu World wins the 2017 Red Dot Communication Design award

Andreu World receives a Red Dot award for the best brand communication Andreu World - internatio

Wednesday 27 September 2017 Australia’s Schiavello opens new showroom in Dubai

Building on 50 years of accomplishment in Australia, Schiavello, a leading furniture manufacturer, h

Thursday 14 September 2017 Steelcase Announces Relationship with FLOS Decorative LightingNew Collaboration Delivers Broad Choi

GRAND RAPIDS, Mich., Sept. 14, 2017 (GLOBE NEWSWIRE) -- Today Steelcase announces a relationship wit

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England

+44 (0) 20 7670 1510