The made in Italy interiors’ segment is doing okay. Design Holding grew in 2022 and plan on reaching the 1-billion-euro-mark in a few years. Also, via acquisitions. While the CEO of the group, Daniel Lalonde, has excluded the possibility of an IPO. The revenue of Friuli-based group Calligaris is also growing. Thee two entities confirm Italy’s leadership in this segment.
Who is doing well? Design Holding, for example
Design Holding is headquartered in Milan and owns Investindustrial and Carlyle. It encircles brands such as Flos, B&B Italia, Louis Poulsen, Maxalto, Arclinea, Azucena, Menu, by Lassen and Lumens. It also manufactures goods in a joint venture with Fendi Casa. The group beat all records in 2022, reaching a revenue of 867.8 million euro, up 25.8% on 2021, without counting the acquisition of Danish group Designers Company concluded last year, and its brands Menu and by Lassen (up 15.7%). EBITDA reached 211.8 million, equal to 24.4% of revenue. The CEO Lalonde told WWD to have no intention of setting an IPO, as rumors said. Vice versa, Design Holding is open to new acquisitions to become the LVMH of the interiors’ segment. “We want to make acquisitions that make sense and are focused on brands that create value together”.
Ditre Italia +18%
Calligaris closed 2022 with a revenue of 250 million euro, +8.3% on 2021. Beside from the head brand, the group controls Connubia, Fatboy, Luceplan and Ditre Italia. The latter manufactures leather sofas and sold 33 million euro worth of products: +18% compared to 2021, according to Fashion network. The group’s export quota is 73%, while online sales generate 15% of total revenue.
Photo from social media of Calligaris
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