Herman Miller acquires majority interest in Danish furniture manufacturer HAY
Back in 2018, the US furniture manufacturer Herman Miller, one of the world’s leading listed furniture manufacturers, already had a 33 percent share in the Danish furniture manufacturer HAY. Now Herman Miller has announced that it has acquired a further 34 percent of the share capital, meaning it owns a majority 67 percent stake in the company. Herman Miller Inc. is a global company and is best known for its furniture classics by Charles & Ray Eames, George Nelson, Isamu Noguchi and Alexander Girard, although its portfolio also contains work by renowned contemporary designers. Through its involvement in HAY, founded in Copenhagen in 2002 by Troels Holch Povlsen together with Rolf and Mette Hay, Herman Miller intends to strengthen its presence in the retail and contract markets, aiming in particular to appeal to younger, urban-based customers. The founders, Rolf and Mette Hay, were added to the Fast Company magazine’s list of 100 Most Creative People in 2019.