Come spring 2017, a trip to IKEA may feel like a trip to the future. Don't worry, the Swedish furniture manufacturer's staples will still be the foundation of their offerings, but you'll also find the company's newest PS Collection, a series of experimental products released every few years and intended to add interest and energy to the stores. This one may just be the most experimental, and tasty, yet.
Herman Miller Reaches Settlement with Madison Seating
Herman Miller today announced the company's case againstLevi Cohen and Madison Seating has been settled, and all outstanding issues have been resolved.
Design Within Reach Merger Never Happened, Lawsuit Claims
Mr. Franklin and another shareholder, Charles Almond, are seeking unspecified damages, but their argument could, in theory, result in the court ordering that the merger be rescinded and DWR essentially carved out of the company. It is a long shot, but it would be a corporate do-over on a large scale.
Herman Miller Never Technically Acquired Design Within Reach, Lawsuit Claims
Two years ago, when the legendary furniture manufacturer Herman Miller bought the once-troubled retailer Design Within Reach, it was largely seen as a triumph in the world of high-end furniture. Now, as the New York Times reports, a lawsuit against the Herman Miller claims that the $154 million merger never actually happened.
The lawsuit was brought by two of the company's shareholders, Andrew Franklin, president of the investment firm UTR, and Charles Almond, who claim that they lost money in the merger. But the details of the case uncovered something much larger: the accusation that, because of a series of technical mistakes, the merger is invalid.
Judge Blocks Staples-Office Depot Merger
Staples and Office Depot Tuesday terminated their merger plans after a Washington D.C. federal judge late in the afternoon granted an FTC injunction to block the deal. Shares of the office supply superstores plunged in late trading.
Exclusive: Staples Developing Easy Button That Actually Does Something
Developers at Staples SPLS -0.97% are working to make the button much more useful by connecting it to back end services that will let business customers place their office supply orders and, eventually, check on order status via voice command, according to sources at the office supply retailer. Further down the line, the same back end systems will be able to handle orders sent by text message or email as well, said sources close to the project.
Essendant Enters Agreement To Acquire Wholesale Business From Staples
Essendant to acquire more than $550M of wholesale office products business. $22.5M purchase contingent on successful closing of Staples/Office Depot merger. Deal would accelerate Essendant's strategy to grow in Enterprise account space.
DWR’s dynamic duo:Edelman & McPhee
Edelman & McPhee may sound like the name of some tony New England law firm or perhaps an upscale apparel brand, but John Edelman and John McPhee are in fact a bit like the Oscar Madison and Felix Unger of the furniture industry. Through the past two decades and more, they’ve evolved as unlikely but effectively inseparable business roomies and complementary colleagues in running such firms as footwear company Sam & Libby and Edelman Leather.
FTC Rejects Staples-Office Depot Deal Without a Counteroffer
Staples Inc. will have to do more to smooth government opposition to its proposed takeover of Office Depot Inc. after the U.S. rejected its latest attempt to win antitrust approval.
Staples offered to transfer commercial contracts worth up to $1.25 billion, up from $500 million previously, but still failed to sway antitrust officials, the company said in a statement Monday.
FTC challenges Staples-Office Depot deal
The Federal Trade Commission Monday filed an administrative complaint challenging office-supplies giant Staples' (SPLS) proposed $6.3 billion acquisition of top rival Office Depot (ODP).
The deal between Framingham, Mass.-based Staples and Boca Raton, Fla.-headquartered Office Depot — the only U.S. office-supply companies with national reach and the sector's top two chains — would significantly reduce national competition in the market for office supplies sold to large business customers, the FTC said.
Office Depot Sitting Pretty with Comfortable, Ergonomic and Durable Big & Tall Seating
Office Depot, Inc., today announced an expansion of its big and tall seating assortment. The exclusive line offers a customized solution to those in need of a quality chair that fits a wider range of body types and sizes and is now available in both Office Depot and OfficeMax retail locations and online.