Herman Miller to Acquire Design Within Reach for $154 Million

Big news in designworld this summer Friday: Herman Miller has agreed to acquire Design Within Reach for $154 million in cash. That sum, enough to buy 26,602 of DWR’s new all-black Eames lounge-and-ottoman combos, will get Herman Miller an 84% interest in the Stamford, Connecticut-based company, which operates 38 retail stores in the U.S. and Canada along with its online and print catalogue presences. The transaction is expected to close by the end of the month.