This week in design, a new live daily trivia sweepstakes quizzes participants on the likely selling prices of homes across the U.S.—rewarding winners with a grand prize of $350,000 toward a home purchase. Stay in the know with our weekly roundup of headlines, launches, events, recommended reading and more.

Business News
Piero Gandini, the executive chairman of Flos B&B Italia, shared new details about his plans for the luxury furnishings conglomerate at a panel discussion during the Pambianco Interni Design Summit in Milan last week—including a strategy to stabilize each business in its portfolio, then sell them off, company by company. As Women’s Wear Daily reports, Gandini confirmed that the group is open to offers to purchase its brands, which include Maxalto, Arclinea and Audo Copenhagen, among others. The news comes several months after WWD reported that Flos B&B Italia had entertained an informal offer from Michigan-based furniture conglomerate Haworth, which was ultimately deemed too low. Gandini’s plans mark a departure from the strategy adopted by former CEO Daniel Lalonde, who worked to unite the group’s brands under one umbrella before stepping down from his position earlier this year.

Lawmakers in California have rolled back the California Environmental Quality Act in hopes of ultimately improving the state’s housing crisis, The New York Times reports. Two new bills, signed into law this week, will exempt many commercial and residential development projects from environmental review, which proponents hope will pave the way for the development of new homes and businesses. The measure’s repeal was also met with swift backlash from environmentalists, who say that it could too easily lead to the construction of new manufacturing sites, causing pollution and potentially damaging sensitive ecosystems.

Home Depot signed a deal for its subsidiary, SRS Distribution, to purchase building products distributor GMS Inc., which specializes in materials for residential and commercial projects, Retail Dive reports. The acquisition—valued at roughly $5.5 billion, including net debt—will see a subsidiary of SRS purchase all outstanding shares of GMS’s common stock at $110 per share. The deal will allow SRS to enter new categories and expand its footprint in the U.S. and Canada; for Home Depot, the acquisition strengthens its grip on the pro customer segment in the roofing, landscaping and pool categories.

MillerKnoll recorded a net loss of $36.9 million for fiscal year 2025, according to the company’s recent earnings report—a stark departure from its net profit of $82.3 million the year before, Women’s Wear Daily reports. During a recent conference call, CEO Andi Owen cited the onset of tariffs and an unusually high effective tax rate of 257.6 percent in the fourth quarter for the downturn in MillerKnoll’s performance this year, as well as the implementation of new trade policies, which interrupted a three-quarter trend in order growth for the company’s North American contract division. Still, net sales increased slightly to $3.67 billion, compared to $3.63 billion the year prior. Moving forward, the company plans to offset the effects of tariffs through a new pricing strategy, including a 4.5 percent list price increase that took effect on June 2.

Last week, Parachute announced plans to close 19 stores by the end of this year, ultimately leaving the company with a seven-store retail portfolio. The reduction aligns with a broader trend in DTC brands divesting from brick-and-mortar retail, as Parachute pivots away from a major expansion period. “We opened stores that were too large or in regions where brand awareness wasn’t what it needed to be,” CEO Mehdi Ait Oufkir told Business Insider. Now the brand aims to shift its focus to partnerships with larger retailers like Nordstrom and Target—both previous Parachute collaborators—and concentrate on its core product categories of bedding and bath textiles, veering away from the furniture offerings that launched in 2021 and 2022.

Fayetteville, North Carolina–based retailer Homemakers Furniture & Interiors is closing after 80 years in business, reports local news site CityView. Opened in 1945 by S. Owen and Lois Smith, the business grew to become a major provider of home furnishings and interior design services in the area, with the founders’ son, Joel Smith, taking the reins in 1995. Now, he plans to wind down the venture by October, citing a range of contributing factors, including his retirement and the lingering effects of the pandemic and inflation. Following the closure, the Fayetteville Cumberland County Economic Development Corporation will take over the space.

Swedish textile recycling company Syre announced last week that it will now provide recycled polyester to Gap and Target, Reuters reports. Co-founded by fashion retailer H&M Group and sustainability-focused investment firm Vargas Holding in 2023, Syre aims to produce over 3 million metric tons of recycled polyester annually by 2032—to that end, it raised $100 million in funding last year to build a “blueprint” factory in North Carolina and prepare for two overseas plants, including one in Vietnam. Now the company has disclosed that Gap plans to utilize 10,000 tons of its recycled polyester per year, and Target will incorporate the same material into some of its products. Though the terms of the deal were not disclosed, Syre CEO Dennis Nobelius told Reuters that the company will co-develop circular polyester with its new partners, eventually leading to a commercial agreement.

Launches and Collaborations
Pottery Barn Kids has debuted a new collection created in collaboration with the BBC Studios animated TV series Bluey. The resulting product assortment includes a child-size armchair and customizable slip cover, plus cotton bedding, bath towels, shower curtains, backpacks and other accessories.

Showhouses
The 2025 Hampton Designer Showhouse, presented by Hamptons Cottages & Gardens, will debut this month in a 9,000-square-foot contemporary Southampton home, complete with a tennis court, pool and pool house. The space will be reimagined by a cohort of 25 interior designers, including Ahmad AbouZanat, Susan Calabria and Steven Walsh. The showhouse will be open to the public Thursday to Sunday from July 20 to August 31, with proceeds to benefit the Stony Brook Southampton Hospital.

Recommended Reading
When it comes to the maintenance and repair of a Frank Lloyd Wright–designed home, the demands are often far more complicated than those for a regular dwelling—with needs ranging from the sourcing of rotary-cut redwood veneers to the help of period-appropriate stucco specialists. For The New York Times, Anna Fixsen takes a look at the organization aimed at addressing those issues: the Frank Lloyd Wright Building Conservancy, a support group of sorts for “stewards” (as they’re called internally) of the late architect’s homes seeking resources and guidelines to help them care for their historically significant properties.

Last week, the news broke that real estate brokerage Compass had filed a lawsuit against Zillow—a case that centers on the platform’s stance that any home not listed on Zillow within 24 hours of being put on the market would be permanently banned from its site. For The Washington Post, Rachel Kurzius unpacks the real estate practice at the heart of the case, exploring how off-market listings function in the industry and why platforms like Zillow pose a threat to them.

Cue the Applause
The American Society of Interior Designers has announced the 2025 inductees of its College of Fellows, an honor extended to ASID members who demonstrate a deep commitment to the organization and the broader design community. This year’s cohort includes Darrin Brooks, Douglas Feldman, Virginia Weida and Ken Wilson.