Now that Richard Schultz Design has announced that it has been acquired by Knoll, we're getting the scoop on what the transition means for both companies.
"The acquisition of Richard Schultz reflects our ongoing interest in remixing our business with high design, high-margin specialty offerings which appeal to both commercial buyers and consumers worldwide," said Andrew B. Cogan, Knoll's CEO. "Richard Schultz began his career as a designer with Knoll and co-founded his company with his son Peter in 1992. Together, they have built an international reputation for exploring new materials and forms for outdoor furniture. We look forward to the continuous success of the Richard Schultz brand," he added.
Shultz's mother was hired by Florence (Shu) Knoll in 1950 to work with her on interior design projects. His father was hired by Hans and Shu in 1951 after he graduated from design school, and proceeded to design the iconic 1966 Collection and Petal Table Collections, among others.
In 1992, Richard Shultz Design was created with the goal of continuing to explore new product ideas specific to outdoor furniture. With Knoll’s permission and assistance, they were able to re-introduce the 1966 Collection and Petal Tables.
Peter Schultz, President of Richard Shultz Design, will remain a consultant to Knoll, and most of the current staff will remain in place.
dancing with the stars results...
ReplyDelete[...]right here are a handful of hyper-links to web-sites we link to because we believe there're worthy of visiting[...]...