YDesign Group Aquisition
YDesign Group Aquisition, US-based leading online retailer of high-end, modern lighting and home furnishings.
YDesign operates through two websites, YLighting.com and Lumens.com, and distributes several well-known European brands including Artemide, Foscarini, Kartell, Muuto, Nemo, Tom Dixon as well as Flos and Louis Poulsen.
Gabriele Del Torchio, Chairman of the Group, said:
“We are very excited to welcome YDesign Group and the management team as part of the Flos B&B Italia Group family. This acquisition fits into the broader plan of establishing Flos B&B Italia Group as the leading innovative high-end design platform with a truly multi-channel value proposition. We have been impressed with YDesign’s reputation for trusted relationships with world-class vendor brands and its broad product assortment, operational excellence and ability to support customers throughout the purchase process with highly trained customer sales and service teams. The preservation of YDesign’s existing organization and the continued independence of its commercial value propositions are both integral to the success of this combination. At the same time, YDesign will benefit from Flos B&B Italia Group’s global presence, distinctive product knowledge and marketing experience.”