Flos B&B Italia Group acquires Designers Company.
Flos B&B Italia Group announces the signing of an agreement to acquire Designers Company.
Flos B&B Italia Group 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.
The acquisition will be performed by Flos B&B Italia Group using available resources at the group level.
Designers Company was formed with the acquisition of Menu, a Copenhagen-based company founded in 1978, producing a wide range of furniture, accessories and lighting products, before developing a heritage collection via the acquisition of the design company by Lassen. In addition to these Brands, the company holds all rights to a unique portfolio of products created by heritage designers such as Ib Kofod-Larsen, Arthur Umanoff, Mogens Lassen and Flemming Lassen, as well as Vilhem Lauritzen. Today, Designers Company boasts a significant archive of over 2,000 heritage products and has a strong e-commerce presence.
Designers Company relies on an experienced management team led by the CEO Danny Feltmann - he has previously occupied senior leadership roles at in Bang & Olufsen and H&M - and the designer director Joachim Engell-Hansen.