Knoll Acquires Scandinavian Design Company Muuto For $300 Million USD

Knoll plans to double Muuto’s business within the next five years.

By
Design
5,739 Hypes 4 Comments

Copenhagen, Denmark-based design company Muuto has been bought out by US home and office company Knoll for approximately $300 million. The new deal aims to double Muuto’s business within the next five years.

A statement from Muuto says that it will continue to be run independently and that it will remain headquartered in Copenhagen. Its brand identity and management team will also remain unchanged and its founders Peter Bonnén and Kristian Byrge will continue being advisors and board members for the company.

“At Muuto we’re very proud of having created a company that through the past eleven years has taken part in writing new chapters to the Scandinavian design history,” said Bonnén and Byrge. “When an icon as big as Knoll is falling in love with Muuto, it serves as proof that we have something special to offer the design industry. We’re proud to be part of the Knoll family and can’t wait to unfold Muuto’s global potential further in close collaboration with them.”

Muuto CEO Anders Cleemann calls Knoll “the perfect partner” and said that the buyout will help Muuto to reach a larger demographic. Learn more about the acquisition via Dezeen.

Read Full Article
Source
Dezeen

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

101 Users Online

What to Read Next

Ronnie Fieg Gifts Exclusive KITH x Nike LeBron 15 to His Old High School
Footwear

Ronnie Fieg Gifts Exclusive KITH x Nike LeBron 15 to His Old High School

Along with the screening of a mini-documentary about King James.

Roberto Cavalli Unveils Pre-Fall 2018 Collection
Fashion

Roberto Cavalli Unveils Pre-Fall 2018 Collection

A contemporary chapter.

Chance The Rapper Teases New Christmas Work via Twitter
Music

Chance The Rapper Teases New Christmas Work via Twitter

“Available EVERYWHERE next week.”


Nike's Air More Uptempo "NYC" & "ATL" To Drop Next Week
Footwear

Nike's Air More Uptempo "NYC" & "ATL" To Drop Next Week

Just in time for the holidays.

Rolex Oyster Perpetual Milgauss "Cannabis" by Third Eye Assembly
Fashion

Rolex Oyster Perpetual Milgauss "Cannabis" by Third Eye Assembly

The world’s first marijuana-themed luxury watch.

A-Trak Releases a Trap-Flavored Remix to 'Ray Ban Vision'
Music

A-Trak Releases a Trap-Flavored Remix to 'Ray Ban Vision'

A new take on the 2010 hit.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.