Office furniture giant Herman Miller is acquiring the modern design retailer Design Within Reach. The pairing puts together two of the bigger names in modern-styled furniture: Herman Miller, which dates back to 1905, and Design Within Reach, which was founded just a decade and a half ago, in 1998. While Herman Miller is known in particular for its office chairs, Design Within Reachs fame doesnt come from any one category in particular. Herman Miller will pay an estimated $154 million in cash for an 84 percent ownership in Design Within Reach, with the deal scheduled to close on July 28th.
Comments are closed.
