June 25, 2021

Home Feature

Home Improvement the meaning Of Life

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 YLighting.com and Lumens.com.

With this transfer, Design Holding appears to be like to broaden its attain, notably into the North American market, strengthen its digital presence and supply extra companies and added worth to its prospects, it stated. The acquisition is predicted to shut within the second quarter.

Primarily based in Walnut Creek, Calif., YDesign generated $160 million in income final yr, a launch stated; 30% progress within the client phase represents about two-thirds of the turnover. It has greater than 200,000 lively prospects, which incorporates customers, architects, designers and specifiers.

“This acquisition suits into the broader plan of creating Design Holding because the main progressive high-end design platform with a really multi-channel worth proposition,” stated Gabriele Del Torchio, chairman of Design Holding. “We’ve been impressed with YDesign’s status for trusted relationships with provider manufacturers and its broad product assortment, operational excellence and skill to help prospects all through the acquisition course of with a extremely skilled customer support staff. The preservation of YDesign’s present group and the continued independence of its industrial worth proposition are each integral to the success of this mixture. On the identical time, YDesign will profit from Design Holding’s robust product information and experience in content-driven advertising to speed up its progress trajectory.”

“We’re thrilled by the various progress alternatives that lie forward for YDesign Group,” stated YDesign Group’s CEO Laura Walsh. “Leveraging the strategic help 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 status as the first vacation spot for architects and designers.”

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

Source link