NewsEconomicsDesign, Calligaris acquires Fatboy

Design, Calligaris acquires Fatboy

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Calligaris Group, an Italian group among the leaders in the global furniture sector, has finalized the acquisition of 100% of Fatboy, a Dutch design brand. Fatboy, a company founded in Den Bosch (Holland) in 2002 and immediately identified for the iconic oversize beanbag by Finnish interior architect Jukka Setala, has become a leader in the young and fun design sector in just a few years. Typically Dutch practical spirit and an international team are the ingredients behind the success of the company, which today has a turnover of more than 50 million euros thanks to furniture, lamps, home accessories, garden furniture and, of course, with the timeless bean bag. “We have done a great job with Vendis Capital over the past 4 and a half years – underlined Petra Vos, CEO of Fatboy -. We have been able to increase sales and profits, grow the Fatboy brand and at the same time strengthen our organization and ways of working to ensure a strong business for the future. The partnership with Calligaris will help us continue our journey, allowing us to do what we do best: add a smile to life with our innovative and bold designs. “With the acquisition of Fatboy, Calligaris Group adds an iconic brand to its own. portfolio and will benefit from Fatboy’s digital knowledge and its solid and proven experience in omnichannel strategy. The Group also aims to become more solid in the outdoor sector, the Dutch company’s reference segment, while Fatboy, with the support of Calligaris Group, aims to expand its global presence. Furthermore, this partnership will leverage the operations experience of both companies, to maximize the effectiveness and efficiency of their production chain. Fatboy is the first non-Italian company which becomes part of Calligaris Group, joining the Calligaris, Connubia, Ditre Italia and Luceplan brands. “We are thrilled to be able to work rare with the Fatboy team that will bring its deep knowledge of the digital world and a proven experience in the outdoor sector, allowing our reality to reach new goals – explained Stefano Rosa Uliana, CEO of Calligaris Group -. We are honored to welcome such an iconic design brand to the Calligaris Group family and we are delighted to be able to face the next evolutionary phase of the Group together. We were immediately in tune with Fatboy, we have many things in common, first of all the attention to sustainability “. The acquisition of Fatboy is also part of the value creation strategy of Alpha, a pan-European private equity fund that has acquired the majority of Calligaris Group in September 2018. Paolo Magni, partner of Alpha at the Milan office who followed the operation, highlighted: “We are very happy to welcome in Calligaris Group an iconic brand such as Fatboy, which is mainly characterized by innovation, sustainability and significant exposure to digital channels. The operation will allow us to develop important commercial and product synergies, as well as take a further step in our project to create an international and diversified leader in the furniture and lifestyle. ”For Calligaris Group the following intervened as advisor: Deloitte, Boston Consulting Group, and Studio Pedersoli.

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