Steelcase Education Awards New Active Learning Classrooms

Image Source: Steelcase Education

Today Steelcase® Education announced the 12 recipients of the Active Learning Center (ALC) Grant. In its fifth year, the ALC Grant program supports both teachers and students by creating an environment that encourages engagement, collaboration and creativity.

Old norms are giving way to a deeper, broader and more individualized perspective on what student success is and how to achieve it. Many educators and administrators are rethinking their teaching methods, curricula, support services and technologies, all with the aim of developing a more relevant and strategic approach. The grant supports active learning strategies in classrooms where educators are already striving to implement related practices. Valued at $67,000 per classroom, each learning space is designed to promote active involvement and support student success.

Read full article here: (GLOBE NEWSWIRE) 

https://www.globenewswire.com/news-release/2019/03/25/1760398/0/en/Steelcase-Education-Awards-New-Active-Learning-Classrooms.html

Steelcase Reports Fourth Quarter and Fiscal 2019 Results

 

Image Source: Steelcase

Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $912.4 million and net income of $22.6 million, or diluted earnings of $0.19 per share, which included $16.9 million of charges related to the early retirement of debt.  Excluding these charges, net of related income tax effects, adjusted earnings were $0.29 per share.  In the prior year, Steelcase reported $772.7 million of revenue, breakeven net income and adjusted earnings per share of $0.24.  Prior year results also included non-operating gains related to an investment in an unconsolidated affiliate which increased earnings by approximately $0.05 per share.

Read full article here: (STEELCASE) 

http://ir.steelcase.com/news-releases/news-release-details/steelcase-reports-fourth-quarter-and-fiscal-2019-results

BIFMA Updates Standard for Office Storage Units – BIFMA X5.9

On February 7, 2019, the Business Institutional Furniture Manufacturers Association (BIFMA) released a new version of its storage unit standard – BIFMA X5.9. The updated version replaces the previous 2012 version and is approved by the American National Standards Institute (ANSI).

BIFMA X5.9 provides a common basis for evaluating the safety, durability and structural performance of storage units used in offices. It defines specific tests, laboratory equipment, conditions of test, and recommends minimum levels to be used in testing. It also defines how performance, durability, and structural adequacy should be evaluated.

Read full article here: (VIRTUAL-STRATEGY MAGAZINE) 

http://virtual-strategy.com/2019/03/12/bifma-updates-standard-for-office-storage-units-bifma-x5-9/

Paragon Interiors Group sale falls through with loss of 130 jobs

An initial sale of Paragon Interiors Group has fallen through, resulting in the redundancy of the company’s employees yesterday, according to administrators Leonard Curtis Business Rescue & Recovery.

Leonard Curtis said it was still in discussion with other interested parties and continuing to pursue a potential sale and to secure a more positive outcome.

Read full article here: (VERDICT) https://www.verdict.co.uk/leasing-life/news/paragon-interiors-group-sale-falls-through-with-loss-of-130-jobs/

All jobs lost at Paragon Interiors as deal to sell firm collapses

All staff at stricken fit-out firm Paragon Interiors have been made redundant after a deal to sell the company collapsed.

Administrators for the company say they are still trying to sell the firm.

In a statement this evening, Hardy said: “It is with immense sadness that I can confirm that the administrators have today taken the extremely difficult decision to make the incredible Paragon Interiors workforce redundant.

Read full article here: (THEBUSINESSDESK.COM) https://www.thebusinessdesk.com/eastmidlands/news/2023725-all-jobs-lost-at-paragon-as-deal-to-sell-firm-collapses

Read Alan Hardy’s statement in full as he discusses sale of Paragon Interiors

Notts County owner Alan Hardy says a “substantial offer” has been made to buy his ailing fit-out firm Paragon Interiors.

The businessman, who also owns Nottinghamshire Golf and Country Club, told the Press Association the firm had been sold for “diddly squat” but has now backtracked on those comments.

In an official statement to Nottinghamshire Live he said there has been interest in the firm and that the party involved has big plans for the company, which is currently in administration.

Read full article here: (NottighamshireLive) https://www.nottinghampost.com/news/business/read-alan-hardys-statement-full-2620678

Brunner and Haworth announce international sales partnership

Brunner and Haworth will join forces to acquire customers in EMEA and
Asia Pacific. Brunner will complement Haworth’s product range to meet the
growing demand for comprehensive furnishing concepts for modern office
environments.

Read more

5 office fit-out firms to pay £7 million fine for breaking competition law

Five companies – Fourfront, Loop, Coriolis, ThirdWay and Oakley – have agreed to pay fines totalling over £7 million after admitting being involved in cartel behaviour.

Following a Competition and Markets Authority (CMA) investigation, each company has admitted to breaking competition law at least once during the period of 2006-2017, in some cases on multiple occasions.

Read full article here: (GOV.UK) https://www.gov.uk/government/news/5-office-fit-out-firms-to-pay-7-million-fine-for-breaking-competition-law