Knoll Acquires Scandinavian Design Company Muuto For $300 Million USD

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 fo...