YLighting.com, Lumens.com to be bought by high-end design agency

YLighting.com, Lumens.com to be bought by high-end design agency

MILAN—Design Holding S.p.A., a high-end design agency with such manufacturers as B&B Italia, Flos and Louis Poulsen, has entered an settlement to accumulate YDesign Group, which sells lighting and different merchandise by way of YLighting.com and Lumens.com. With this transfer, Design Holding seems to increase its attain, significantly into the North American market, strengthen its […]

MILAN—Design Holding S.p.A., a high-end design agency with such manufacturers as B&B Italia, Flos and Louis Poulsen, has entered an settlement to accumulate YDesign Group, which sells lighting and different merchandise by way of YLighting.com and Lumens.com.

With this transfer, Design Holding seems to increase its attain, significantly into the North American market, strengthen its digital presence and supply extra companies and added worth to its clients, it stated. The acquisition is predicted to shut within the second quarter.

Based mostly in Walnut Creek, Calif., YDesign generated $160 million in income final yr, a launch stated; 30% development within the shopper section represents about two-thirds of the turnover. It has greater than 200,000 energetic clients, which incorporates customers, architects, designers and specifiers.

“This acquisition matches into the broader plan of building Design Holding because the main progressive high-end design platform with a very multi-channel worth proposition,” stated Gabriele Del Torchio, chairman of Design Holding. “We have now been impressed with YDesign’s popularity for trusted relationships with provider manufacturers and its broad product assortment, operational excellence and skill to assist clients all through the acquisition course of with a extremely skilled customer support workforce. The preservation of YDesign’s present group and the continued independence of its business worth proposition are each integral to the success of this mix. On the similar time, YDesign will profit from Design Holding’s sturdy product information and experience in content-driven advertising and marketing to speed up its development trajectory.”

“We’re thrilled by the various development alternatives that lie forward for YDesign Group,” stated YDesign Group’s CEO Laura Walsh. “Leveraging the strategic assist of Design Holding’s platform, we’ll proceed to strengthen our positioning because the market chief within the U.S. high-end lighting house and our popularity as the first vacation spot for architects and designers.”

Design Holding was based in 2018 by Investindustrial and The Carlyle Group.

Source link

MC&Co gives multi-national eye for tendencies

MC&Co gives multi-national eye for tendencies

A have a look at how MC&Co Traits drills right down to create its forecasts. Trade veteran Linda Simpson and Australian pattern knowledgeable Michael Cleghorn are teaming as much as deliver their perspective and expertise to the house furnishings business. Simpson, whose expertise consists of stints with Bloomingdales, Related Merchandising Company, Goal, Harrod’s, Lifetime Manufacturers, […]