Design Holding has acquired YDesign Group, a US-based e-commerce retailer, leader in the US online high-end lighting market.
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 Design Holding family. This acquisition fits into the broader plan of establishing Design Holding 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 Design Holding’s global presence, distinctive product knowledge and marketing experience.”
YDesign’s CEO, Laura Walsh, together with the management team will remain onboard. Laura Walsh commented: “We are thrilled by the many growth opportunities that lie ahead for YDesign. Leveraging the strategic support of Design Holding’s international platform and reach, we’ll continue to strengthen our positioning as the market leader in the US high-end lighting industry and our reputation as the preferred destination for architects and designers.”