MILAN — In a widely expected move, Italian furniture and lighting conglomerate Flos B&B Italia has sold historic lighting manufacturer Louis Poulsen.
The funds from the sale will go toward paying down its debt, the firm said
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. More from WWD “The proceeds deriving from the sale will be used in compliance with the group’s existing financial agreements, including through a partial reduction in debt,” the firm said in a statement. 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.