Flos B&B Italia has sold Louis Poulsen to Chr. Augustinus Fabrikker, a Danish foundation-owned investment company. The company's strategy remains focused on bolstering its galaxy of brands, including B&B Italia, Maxalto, Arclinea, and Flos.
Louis Poulsen 's Poul Henningsen with the Tivoli lamp in a photo published in the anniversary book from"The First House of Light.
" A spokesperson for the company said Friday that the strategy for the time being remains focused on bolstering Flos B&B Italia’s galaxy of brands, which is anchored in heritage Italian companies like furniture brands B&B Italia and Maxalto, kitchen-maker Arclinea and Flos in lighting. In 2025, Fitch Ratings downgraded Flos B&B Italia to a negative rating from stable, on the assumption that the firm would be hit by weaker consumer demand in the U.S. and EU markets over the course of 2025 and 2026.
Flos’ debt maturity profile improved after its refinancing in December 2024, it said, when it extended the maturity of one of its loans with a floating rate to 2029. A major loan of 383 million euros of senior secured notes is due in November 2028.
As of 2025, the firm booked 847 million euros in sales, which was better than 2024 when it booked 748 million euros, but still lower than the peak in 2023 of sales of 898.6 million euros. On Thursday, Flos B&B Italia revealed that it had sold Louis Poulsen to Chr. Augustinus Fabrikker, a Danish foundation-owned investment company with a history that dates back to 1750. Chr.
Augustinus Fabrikker has investments in several Danish companies with a total balance sheet of more than 35 billion Danish krona, or 4.68 billion euros.
“Our strategy consists in fully exploiting the potential of each of our brands, creating the best conditions for their growth,” declared Piero Gandini, executive chairman of Flos B&B Italia, Italy’s largest luxury furnishings group, in a statement. After Gandini stepped into his new role, he said the strategy was for each brand to be sold asset by asset. In 2025, Gandini hinted that investors might want to buy Louis Poulsen alongside Copenhagen-based Audo Copenhagen.
It remains to be seen what will happen toLouis Poulsen, founded in Copenhagen in 1874, is one of the most recognizable lighting firms in the world. Popular in the U.S. and Japanese markets, it is famous for its modernists lamps like the PH and the Artichoke, designed by Poul Henningsen. WWD and Women's Wear Daily are part of Penske Media Corporation. © 2026 Fairchild Publishing, LLC. All Rights Reserved.
Please follow us on Google to support us Flos B&B Italia Louis Poulsen Chr. Augustinus Fabrikker Denmark Mergers And Acquisitions
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Louis Vuitton, UNICEF Celebrate 10 Years of PartnershipFrench luxury brand Louis Vuitton is auctioning off a unique Louis Vuitton clock to raise funds for the humanitarian organization.
Read more »
Things to do: Valley of the Sun Juneteenth Celebration, Patti LaBelle, Ringo Starr, Louis Tomlinson & more!The weekend is here! Check out these incredibly fun events happening around the Valley on June 12-14.
Read more »
A city music festival drew 80,000 with Louis Armstrong on this week in Philly historyThe annual event made use of a large stadium during the slower summer months post-World War II.
Read more »
Cardinals Riley O'Brien's Days in St. Louis Could Be NumberedThe St. Louis Cardinals closer could very well end up being on the move this summer.
Read more »