Flos B&B Group’s Sale of Vanguard Lighting Manufacturer Louis Poulsen Will Help Pay Debts

MILAN — In a wide expected move, Italian furnishings and lighting conglomerate Flos B&B Italia has sold historical lighting shaper Louis Poulsen. The funds from the merchantability volition spell toward paying down its debt, the steadfast said.

A spokesperson for the institution said Friday that the strategy for the clip being remains focused connected bolstering Flos B&B Italia's postulation of brands, which is anchored successful practice Italian companies similar furnishings brands B&B Italia and Maxalto, kitchen-maker Arclinea and Flos successful lighting.

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"The proceeds deriving from the merchantability volition beryllium utilized successful compliance with the group's existing fiscal agreements, including done a partial simplification successful debt," the steadfast said successful a statement.

In 2025, Fitch Ratings downgraded Flos B&B Italia to a antagonistic standing from stable, connected the presumption that the steadfast would beryllium deed by weaker user request successful the U.S. and EU markets implicit the people of 2025 and 2026. Flos' indebtedness maturity illustration improved aft its refinancing successful December 2024, it said, erstwhile it extended the maturity of 1 of its loans with a floating complaint to 2029. A large indebtedness of 383 cardinal euros of elder secured notes is owed successful November 2028.

As of 2025, the steadfast booked 847 cardinal euros successful sales, which was amended than 2024 erstwhile it booked 748 cardinal euros, but inactive little than the highest successful 2023 of income of 898.6 cardinal euros.

On Thursday, Flos B&B Italia revealed that it had sold Louis Poulsen to Chr. Augustinus Fabrikker, a Danish foundation-owned concern institution with a past that dates backmost to 1750. Chr. Augustinus Fabrikker has investments successful respective Danish companies with a full equilibrium expanse of much than 35 cardinal Danish krona, oregon 4.68 cardinal euros.

"Our strategy consists successful afloat exploiting the imaginable of each of our brands, creating the champion conditions for their growth," declared Piero Gandini, enforcement president of Flos B&B Italia, Italy's largest luxury furnishings group, successful a statement. After Gandini stepped into his caller role, helium said the strategy was for each marque to beryllium sold plus by asset.

In 2025, Gandini hinted that investors mightiness privation to bargain Louis Poulsen alongside Copenhagen-based Audo Copenhagen. It remains to beryllium seen what volition hap to Audo Copenhagen, which was purchased by the group, past named Design Holding, successful 2022. Design Holding was formed by  funds Investindustrial and the Carlyle Group.