The leading lighting platform YDesign Group acquired by Group Design Holding, parent company of Flos and Louis Poulsen
Flos and Louis Poulsen parent company will acquire the online lighting retailer
On April 19, it was reported that YDesign Group, a leading online platform for modern and contemporary design lighting in North America, has signed an agreement to be acquired by Design Holding. Design Holding is an international operating group in the global high-end design market, which includes industry-leading companies such as B&B Italia, Flos and Louis Poulsen, and is jointly controlled by Investindustrial and The Carlyle Group. It ranks among the top 20 Italian furniture companies in 2019 ( According to sales), Design Holding ranked first.
Gabriele Del Torchio, Chairman of Design Holding, said: “It is a pleasure to welcome YDesign and the management team to the Design Holding family. This acquisition is in line with the broader plan to build Design Holding into a leading innovative high-end design platform with a truly multi-channel value proposition. YDesign The trustworthy relationship with the supplier’s brand, its wide range of products, excellent operational capabilities, and the ability to provide support to customers throughout the purchase process through a well-trained customer service team have left us with a profound impression. Impression. The retention of YDesign’s existing organization and the continued independence of its commercial value proposition are indispensable factors for the success of this combination. At the same time, YDesign will benefit from Design Holding’s strong product knowledge and expertise in content-driven marketing. To accelerate its growth trajectory.”
Laura Walsh, CEO of YDesign Group, said: “We are excited about YDesign’s many future growth opportunities. With the strategic support of the Design Holding platform, we will continue to consolidate our position as a market leader in the high-end lighting field in the United States and consolidate its status as a building The reputation of the main platform for teachers and designers.”
The acquisition is expected to be completed in the second quarter of 2021, subject to customary delivery conditions.
It is understood that YDesign Group is a leading online platform for modern and contemporary design lighting, providing more than 300 brands of selected lighting, fans, furniture and decorative products, including many exclusive products, through www.lumens.com and www.ylighting.com. Its headquarter is located in California, USA.
Design Holding is known as the world’s largest group of companies in the field of high-end design, with business all over the world, and its characteristics are geographic diversification, distribution channels and product categories. Design Holding has a catalog of iconic items full of legendary designers, such as Achille and Pier Giacomo Castiglioni, Tobia Scarpa, Philippe Starck, Antonio Citterio, Piero Lissoni, Marcel Wanders, Konstantin Grcic, Jasper Morrison, Patricia Urquiola, Ronan And Erwan Bouroullec.
Design Holding was established in November 2018 and is jointly controlled by two investment groups Investindustrial and The Carlyle Group (Carlyle Group), aiming to continue to grow in the global market through acquisitions and other means. The group currently consists of three industry-leading and complementary companies: B&B Italia, Flos (Italian brand) and Louis Poulsen (Danish lighting brand) and their respective subsidiaries. According to the Design Holding Group’s official website, the Group’s sales in 2019 increased by 4.2% year-on-year to 564 million Euros. It has more than 50 co-designers, 9 factories, a total of 1,700 employees, and business covers 90 countries.
In addition to the acquisition of YDesign Group by Design Holding, WAC Lighting, a leading manufacturer in the fields of architectural lighting, decorative lighting and smart ceiling fans, has recently announced the acquisition of luxury crystal from Swarovski Lighting, Ltd. All operating assets related to the lighting brand Schonbek, including the manufacturing plant that will remain in Plattsburgh, New York, and WAC also owns a large plant in China.
Also in this week, Roebling Capital Partners (“RCP” or “Roebling”), a private equity investment company in Cincinnati, Ohio, has also agreed to acquire Teron Lighting, Inc. LLC (“TLI”) a few days ago, which is a commercial lighting fixture. The manufacturer and distributor of, was acquired by Kichler Lighting, the world’s leading lighting manufacturer, in 2011.
April 21, 2021
