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 amass YDesign Group, which sells lighting and different merchandise by means of YLighting.com and Lumens.com.

With this transfer, Design Holding seems to be to broaden its attain, notably into the North American market, strengthen its digital presence and supply extra providers and added worth to its prospects, it mentioned. The acquisition is anticipated to shut within the second quarter.

Based mostly in Walnut Creek, Calif., YDesign generated $160 million in income final 12 months, a launch mentioned; 30% development within the shopper phase represents about two-thirds of the turnover. It has greater than 200,000 energetic prospects, which incorporates shoppers, architects, designers and specifiers.

“This acquisition suits into the broader plan of building Design Holding because the main modern high-end design platform with a really multi-channel worth proposition,” mentioned Gabriele Del Torchio, chairman of Design Holding. “We have now been impressed with YDesign’s status for trusted relationships with provider manufacturers and its broad product assortment, operational excellence and skill to assist prospects all through the acquisition course of with a extremely educated customer support staff. The preservation of YDesign’s current group and the continued independence of its industrial worth proposition are each integral to the success of this mix. On the identical time, YDesign will profit from Design Holding’s sturdy product data and experience in content-driven advertising to speed up its development trajectory.”

“We’re thrilled by the various development alternatives that lie forward for YDesign Group,” mentioned 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 area and our status as the first vacation spot for architects and designers.”

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

YLighting.com, Lumens.com to be purchased by high-end design firm

Related posts