Design Holding announces its revenues rose by 21,1% in 2021 and the signing of an agreement to acquire Designers Company.
2021 was a record year for the Group, which reported proforma revenues of €700,3 million, up 21,1% over 2020.
Among the operational highlights 2021, there are the acquisition of YDesign Group, the joint venture with Fendi to develop Fendi Casa business, the launch of e-commerce website in Europe and prestigious high-end contract projects such as Bvlgari Hotel and the Bourse de Commerce in Paris.
Design Holding has signed an agreement to acquire Designers Company, a Danish group that includes brands such as Menu and by Lassen. Designers Company has a strong presence in the Northern European and US design market and offers a wide range of products including furniture, lighting and accessories, pioneering the new Nordic style. With an iconic portfolio of heritage design alongside diversified contemporary products, Designers Company serves a broad customer base, including the younger generation.
Daniel Lalonde, Chief Executive Officer of Design Holding, commented: “Design Holding’s performance in 2021 is a testament to the quality of our brands and the benefits of our portfolio approach. The acquisition of Designers Company, an icon of Nordic design, is also an exciting step in our growth and a perfect match for us – the company's products are highly complementary to Design Holding's existing portfolio, along with adding additional competencies including accessories”.