Chinese bid for high-profile furniture maker

A Chinese home furnishings company has offered NOK 5.1 billion (USD 637 million) for Sykkylven-based furniture producer Ekornes, makers of Norway’s popular “Stressless” chairs among other brands. The bid has set off debate over whether a sale would be good or bad for the company and the local community. One resident of Sykkylven, Ingrid Skogseth, […]

Furniture makers resist industry sunset

A third of the jobs in the Norwegian furniture industry have disappeared in the past six years, but officials don’t want the sun to set on a business that’s been a major employer not least in mountain communities. The finance crisis of 2008, high exchange rates caused by Norway’s strong currency and ever-rising wages have […]

TrippTrapp maker cashes in

The sale announced last week of Stokke AS, maker of the internationally popular TrippTrapp stool for children and adults, is likely to result in a huge cash infusion for the Norwegian families owning it. Rune Stokke and his companies alone may wind up with NOK 1.6 billion (USD 270 million). Newspaper Dagens Næringsliv (DN) and […]