Two of the biggest names in American design are joining forces. Famed furniture manufacturer Herman Miller has bought a controlling stake in Design Within Reach (DWR), the modern furniture retailer. According to a release, Herman Miller has purchased an 84 percent stake in DWR for a price of $154 million. DWR’s CEO John Edelman and president John McPhee will continue to lead the retailer, which currently has 38 locations in North America, as well as e-commerce and the popular catalogue. DWR has recently been upgrading their stores and refocusing on architects and interior designers as well as consumers. A new Manhattan flagship store opened this spring.
Herman Miller is acquiring the renowned textile firm, Maharam, bringing together two of America’s most design-centric companies. Founded in 1902 in New York, Maharam has gained a reputation in recent decades for commissioning textile designs by leading contemporary designers like Hella Jongerius, Tord Boontje, and Paul Smith, and reissuing classic designs by Verner Panton, Gio Ponti, Alexander Girard, and many others. Led by Michael and Stephen Maraham, the company has cultivated a strong connection to the design community and developed products guided by the taste and vision of the brothers. According to a release by Herman Miller, both Maharam brothers will stay involved in the company for at least the next two years. Senior executives with the company will also stay in place.