MillerKnoll Announces New Global Hubs in New York and London
Rhea-AI Summary
MillerKnoll (NASDAQ:MLKN), a global design leader, is opening new flagship locations in London and New York this month. These spaces combine contract showrooms and retail stores from various brands in the MillerKnoll portfolio, creating world-class design destinations. The London location spans 1,700 square meters across three floors in Clerkenwell, featuring brands like Knoll, Herman Miller, and Maharam. The New York location occupies 11 floors and over 77,000 square feet at 251 Park Avenue South, showcasing Knoll, Herman Miller, Geiger/DatesWeiser, Muuto, and Maharam. Both locations include dedicated MillerKnoll Studios to highlight the collective approach for modern workplaces. These new hubs aim to provide inspiring workplaces for employees and offer customers and the design community convenient access to the latest in office, home, and beyond design.
Positive
- Expansion into key design markets with new flagship locations in London and New York
- Integration of multiple brands under one roof, potentially increasing cross-selling opportunities
- Enhanced customer experience with combined contract showrooms and retail stores
- Strategic positioning in prime design neighborhoods, potentially increasing brand visibility and accessibility
Negative
- Significant investment in real estate and showroom build-outs may impact short-term financials
- Potential cannibalization of sales between closely located brand stores
News Market Reaction 1 Alert
On the day this news was published, MLKN declined 1.40%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Bringing together the best brands in modern design
"This is truly an exciting milestone for our collective. We're thrilled to showcase the full breadth of our design portfolio in such creative and innovative locations in
MillerKnoll London in the Heart of the
Situated in the
"We believe there is substantial opportunity to grow internationally," said Ben Groom, President, International Contract at MillerKnoll. "The opening of MillerKnoll London is just one step we're taking to offer an enhanced experience to our customers across the
Located in The Sans at 20 St John's Square, the retail stores and contract showrooms are now open. MillerKnoll London is also conveniently located a short walk from the Muuto, NaughtOne, and HAY showrooms.
MillerKnoll New York at the Center of Gramercy.
Now occupying 11 floors and more than 77,000 square feet, MillerKnoll New York is the first flagship location in
"MillerKnoll New York offers our customers, A+D partners, and dealers a convenient and unparalleled experience to engage with the best of our collective under one roof," said Ben Watson, Chief Creative and Product Officer at MillerKnoll. "We're immensely proud of this new design hub and can't wait to use it as a forum to share insights, innovations, and ideas that meet our customers' most pressing needs and inspire the future through design."
The expanded footprint at 251 Park Avenue South is set in a historic 1910 Renaissance-revival building that has been home to various MillerKnoll brands and designers over the past century. The Herman Miller and Knoll retail stores are now open. The contract showrooms will open for scheduled customer tours beginning in late-September.
World-class design experiences.
Knoll unveils its first international retail store in
Herman Miller's new
Geiger and DatesWeiser will have a key presence in
Muuto has a unique showroom expression in
About MillerKnoll
MillerKnoll is a collective of dynamic brands that comes together to design the world we live in. The MillerKnoll brand portfolio includes Herman Miller, Knoll, Colebrook Bosson Saunders, DatesWeiser, Design Within Reach, Edelman, Geiger, HAY, HOLLY HUNT, Knoll Textiles, Maharam, Muuto, NaughtOne, and Spinneybeck|FilzFelt. MillerKnoll is an unparalleled platform that redefines modern for the 21st century by building a more sustainable, equitable and beautiful future for all.
Resources:
MillerKnoll London at The Sans - Photos
MillerKnoll New York at 251 Park Avenue South - Photos
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SOURCE MillerKnoll