Contract Furniture Manufacturer Kusch+Co is Taken Over by Market Leader Nowy Styl Group

The third-generation family-run contract furniture manufacturer Kusch+Co from Hallenberg (Sauerland) will become part of the family-owned Polish Nowy Styl Group. In recent years, the Nowy Styl Group has already made three acquisitions in Germany, the Netherlands and Switzerland as a strategic investor (Grammer Office, Rohde & Grahl, Sitag) and proved to be an outstanding partner in this context. The company generates over 80 percent of its sales outside its home market and achieved sales of around EUR 380 million in 2018.

Read full article here: (AVIATIONPROS) https://www.aviationpros.com/press_release/12440588/contract-furniture-manufacturer-kuschco-is-taken-over-by-market-leader-nowy-styl-group

Almost 200 job losses as North East manufacturer collapses into administration

Nearly 200 workers have been made redundant at furniture maker Godfrey Syrett after the company collapsed into administration.

The company, which describes itself as a “true British furniture manufacturer”, entered administration on Tuesday 8 January and closed its three North East offices.

The company employed 204 members of staff across its bases in Killingworth, North Tyneside and Langley Moor and Belmont, both in Durham.

Read full article here: (ChronicleLive) https://www.chroniclelive.co.uk/business/business-news/godfrey-syrett-enters-administration-putting-15658398

Martela’s outlook for 2018

MARTELA CORPORATION STOCK EXCHANGE RELEASE 9 JAN 2019 AT  11.00 A.M.
Martela Group lowers its revenue and operating result guidance for 2018. Revenue in the fourth quarter did not develop as previously estimated and this will impact negatively on the full year revenue and operating result. Revenue was mainly impacted by unclarity in the public sector in Finland because of the prolonged contract negotiations. Impact was materially shown in December sales, which traditionally has been stronger than in other months.

Read full article here: (GlobeNewswire) https://globenewswire.com/news-release/2019/01/09/1682583/0/en/Martela-s-outlook-for-2018.html

 

Herman Miller, Inc. (MLHR) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in Herman Miller, Inc. (NASDAQ:MLHR) by 414.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,765 shares of the business services provider’s stock after purchasing an additional 215,700 shares during the quarter. Renaissance Technologies LLC owned about 0.45% of Herman Miller worth $10,282,000 at the end of the most recent quarter.

Read full article here: FAIRFIELD CURRENT https://www.fairfieldcurrent.com/news/2019/01/05/herman-miller-inc-mlhr-shares-bought-by-renaissance-technologies-llc.html

Guilio Cappellini reflects on 30 years of furniture designs with Jasper Morrison

Italian furniture brand Cappellini and British designer Jasper Morrison celebrated three decades of collaboration in 2018. Creative director Guilio Cappellini looks back at designs the pair have produced together, from the iconic Thinking Man’s Chair to the seating at Tate Modern.

The Cappellini and Morrison partnership began in 1988, when Cappellini launched the first edition of the Thinking Man’s Chair.

Read full article here: (DEZEEN)  https://www.dezeen.com/2018/12/29/cappellini-jasper-morrison-furniture/

Perspectives From Herman Miller’s Management

Herman Miller’s (NASDAQ:MLHR) fiscal second-quarter 2019 earnings, reported on Dec. 19, revealed steadily improving financial performance. Year to date, sales growth of 7.8% has been supported by order growth of nearly 9%. During the office furniture and collaboration technology icon’s earnings conference call, executives discussed the components behind the stronger numbers and its outlook for at least 7% organic growth in the fiscal third quarter. Below, we’ll look at three comments that illuminate management’s current optimism.

Read full article here: (The Motley Fool) https://www.fool.com/investing/2018/12/27/perspectives-from-herman-millers-management.aspx

$352.00 Million in Sales Expected for Knoll Inc (KNL) This Quarter

Wall Street analysts expect Knoll Inc (NYSE:KNL) to report sales of $352.00 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Knoll’s earnings. The highest sales estimate is $355.70 million and the lowest is $348.30 million. Knoll posted sales of $316.12 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.4%. The firm is expected to announce its next earnings report on Thursday, February 14th.

Read full article here: (Fairfield Current) https://www.fairfieldcurrent.com/news/2018/12/26/352-00-million-in-sales-expected-for-knoll-inc-knl-this-quarter.html

INSCAPE (TSE:INQ) Issues Earnings Results

INSCAPE (TSE:INQ) posted its quarterly earnings data on Thursday, December 13th. The company reported C($0.15) EPS for the quarter, Morningstar.com reports. The company had revenue of C$21.85 million during the quarter.

Read full article here: (Modern Readers) https://www.modernreaders.com/news/2018/12/22/inscape-inq-announces-quarterly-earnings-results.html

Steelcase Inc. (SCS) Stock Price Noted Performance of 1.59%

Steelcase Inc. (SCS) stock positioned -1.85% distance from the 200-day MA and stock price situated -9.77% away from the 50-day MA while located -4.71% off of the 20-day MA. Steelcase Inc. (SCS) traded moved -18.02% from the 50-day high price and spotted a change of 4.41% from the 50-day low point.

Read full article here: (NEWS LEADING) https://newsleading.info/2018/12/steelcase-inc-scs-stock-price-noted-performance-of-1-59/

Steelcase Reports Third Quarter Fiscal 2019 Results

Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $901.0 million and net income of $37.3 million, or diluted earnings of $0.31 per share which represented a 41 percent improvement compared to the prior year.

The results included an $11.2 million charge related to participation in a multi-employer pension plan, and excluding this charge, net of related variable compensation and income tax effects, adjusted earnings were $0.36 per share.  In the prior year, Steelcase reported $772.1 million of revenue and net income of $25.7 million, or diluted earnings of $0.22 per share.

Read full article here: (Steelcase Inc.) http://ir.steelcase.com/news-releases/news-release-details/steelcase-reports-third-quarter-fiscal-2019-results