Herman Miller has announced that it has completed its $1.8 billion acquisition of Knoll.
The combined company, known as MillerKnoll, now comprises 19 leading brands, a presence across more than 100 countries, a global dealer network, 64 showrooms, more than 50 physical retail locations, and global multichannel eCommerce capabilities. All individual brands under Herman Miller and Knoll will continue to operate as distinct entities.
MillerKnoll will be led by Herman Miller President and CEO Andi Owen, with support from a management team made up of executives from both Herman Miller and Knoll.
“We are excited to introduce MillerKnoll, a collective of dynamic brands coming together to design the world we live in,” said Owen. “Our industry—and the world in general—is changing rapidly. Design is the way we imagine and shape a better future. In coming together, we will define and lead this transformation, like we have other transformations in our histories.”
With a united portfolio, the pairing aims to merge home and office sectors. In addition, MillerKnoll seeks to support and grow existing contract and retail channels, along with forming new global functional teams, relating to manufacturing, digital, technology, marketing, strategy, finance, human resources, and legal. The merger increases the reach of each brand, able to better engage with architects and interior designers.
“We are a group of people and brands guided by a shared vision, common values, and a steadfast commitment to design,” Owen adds. “As MillerKnoll, we’ll push and inspire each other to innovate and design the future for all the places where life happens.”
4 Comments
Yay furniture I already can't afford has become even more unaffordable via monopoly! Wooooooooooooooooohoooooooooooooooooooooooooo
I for one welcome our new furniture overlords.
Someone please make a gif of one iconic piece from each brand coming together in a physical act of love.
DaimlerChrysler ...
Block this user
Are you sure you want to block this user and hide all related comments throughout the site?
Archinect
This is your first comment on Archinect. Your comment will be visible once approved.