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Handover season for the Italian design furniture
2016-12-12
Over the last 2 years, takeovers have been changing the design industry

In the last two years, at least 20 Italian design furniture manufacturing companies have been subjects of takeover by industrial groups. FontanArte being acquired by the Italian Creation Group is just the last example of a trend that has been changing the Italian design landscape.


Within two years, at least twenty of the Italian design furniture manufacturing companies were subjects and objects of handover. The development model is mainly that of the industrial group, and not that of private equity funds. The new property comes from the world of finance and tends to confirm the role of the entrepreneur, assuring funds for growth. The strategy typically involves the growth in foreign markets, diversification of products (from kitchen to light, from furniture to bedding), strong attention paid to the Contract and E-commerce business, the opening of flagship stores, monobrand stores, high visibility granted, anyway. To date, the project with greatest visibility is that of Investindustrial, that by holding the majority in B&B Italia, Flos and now also ArcLinea, constituted the first Italian group of Luxury in the furniture industry with a combined turnover of about 350 million euros. Italian Creation Group acquired 100% of FontanaArte, Driade, Valcucine and Tosco Quattro. This means a consolidated turnover of 55 million euros in 2015 and a forecasted 60 million euros turnover in 2016. Italian Design Brands has presently put together two furniture maker groups (four brands) with a total turnover of 40 million euros, and promises to make "an acquisition a year." All in all, there is an interest in a future entry in the stock market. An injection of outside capital and a closer collaboration between the management and ownership cannot fail to be positive for the high-quality ‘Made in Italy’.

 
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