Flos B&B Italia Group sells Louis Poulsen

Flos B&B Italia Group, a high-end design group jointly controlled by Investindustrial and The Carlyle, announces that it has signed an agreement to sell its entire stake in Louis Poulsen, an internationally renowned Danish lighting brand founded in 1874, to Augustinus Fabrikker Aktieselskab, a Denmark-based investment company controlled by a foundation.

Deeply rooted in Danish culture and values and guided by a long-term management vision, Chr. Augustinus Fabrikker is positioned, according to a statement released by the group, “to further enhance the Louis Poulsen brand and support its future growth, whilst preserving its identity and cultural heritage”.

Under the leadership of Flos B&B Italia Group, Louis Poulsen has recorded steady growth, driven by the expansion of direct distribution, the acceleration of its internationalisation strategy – with a strengthened presence outside the Nordic countries and in key markets such as the United States and Japan – and the continuous development of new products. At the same time, the management has achieved significant operational improvements, substantially increasing profitability and strengthening Louis Poulsen’s position as one of the leading global brands in the high-end lighting sector.

“Our strategy is to fully realise the potential of each of our brands, creating the best possible conditions for their growth,” said Piero Gandini, Executive Chairman of the Flos B&B Italia Group. “We are proud of the journey we have undertaken together with Louis Poulsen and the results we have achieved. We believe that Chr. Augustinus Fabrikker is the ideal partner for Louis Poulsen thanks to its deep cultural affinity and long-term vision, which will support the brand’s development and success in the years to come, whilst preserving its uniqueness and historical heritage.”

The proceeds from the sale will be used in accordance with the group’s existing financial agreements, including through a partial reduction in debt.