Spend 3.2 billion Investindustrial to acquire Italian lighting brand Flos

Design startups are increasingly favored by capital, and Italian lighting brand Flos recently announced that it has acquired an 80% stake in a private equity fund at a price of about 400 million euros (about 3.183 billion yuan).

Flos is one of Italy's most famous and commercially successful family design brands. Founded in Merano in 1962, it was founded by Cesare Cassina, Dino Gavina, Arturo Eiseinkeil, and commercialized the sprayed plastic Cocoon imported from the United States. Established a partnership with a number of well-known designers to launch a range of lighting products, including the Castiglioni brothers. In 1962 Castiglioni released a new range of luminaires, including the classic Arco floor lamp, which is still in production.

Arco floor lamp


In 1964, the company moved to Brescia, which was run by Sergio Gandini. In 1999, its son Piero succeeded. Today, the company's sales have reached 150 million euros (about 1.194 billion yuan).

The company's successful products include Jasper Morrison's Glo-Ball glass lamps, Philippe Starck's Miss Sissi plastic table lamps, and Sebastian Wrong's Spun lamps and floor lamps.

Jasper Morrison's Glo-Ball glass lamp

Miss Sissi plastic table lamp by Philippe Starck


Fero President Piero Gandini has reached an agreement with Investindustrial, an investment institution led by Milan financier Andrea Bonomi, to transfer 80% of the shares to the other party at a price of about 400 million euros (about 3.183 billion yuan). The two sides have just issued a joint statement. Gandini will continue to stay with the company. Investindustrial will help Flos expand its existing business through natural growth and selective mergers and expand globally.

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