[ad_1]
Royal Design Group, the Swedish inside design firm, has acquired Danish design retailer AndLight. With the takeover, Royal Design enters the lighting phase. AndLight at present operates in a minimum of 17 markets throughout Europe.
Royal Design is a big inside design retailer within the Nordics and Europe, producing 125 million euros in income final 12 months. The corporate was taken over by Nordic media group Egmont solely two years in the past. AndLight is a number one on-line vendor of designer lamps, furnishings and residential equipment throughout Europe.
Royal Design enters lighting phase
AndLight will proceed as an entity underneath the Royal Design Group, which additionally owns RoyalDesign and Rum21, one other Swedish furnishings retailer. The takeover additionally marks Royal Design’s entry into the lighting phase.
“With AndLight we may have a platform for additional European progress.”
“With AndLight onboard we may have a stronger presence in Denmark and turn out to be market main inside lighting within the Nordic nations in addition to have a strong platform for additional European progress”, Royal Design Group’s CEO Magnus Pettersson says. ”Now we have a robust place in partnering with native and international manufacturers and serving to them convey their model tales to life.”
17 European markets, 9 localized on-line retailers
Danish design retailer AndLight is at present lively in 17 European markets. Other than residence nation Denmark, the corporate has localized on-line shops in Sweden, Norway, Finland, Germany, Austria, Poland, France and the UK.
“Now we have turn out to be a European ecommerce participant by means of a robust native focus.”
”Now we have efficiently grown to turn out to be an European e-commerce participant by means of a robust native concentrate on the markets we’re current in”, CEO and co-owner Mads Saabye Jørgensen from AndLight says. “Now we have confirmed that we by means of expertise administration, entrepreneurial spirit and love for high-end lighting and inside can construct a profitable e-commerce enterprise.”
‘Ecommerce department greater than doubled by 2025’
Solely two years in the past, Royal Design Group was taken over by Nordic media group Egmont. The brand new mom firm owns 9 Nordic ecommerce manufacturers in area of interest areas, corresponding to inside design.
The brand new mom firm owns 9 Nordic ecommerce manufacturers.
The Egmont group has seen ‘a really excessive progress in ecommerce’ in recent times, based on Managing Director for E-commerce Cato Broberg. The corporate expects to greater than double their ecommerce department by 2025 in comparison with 2020, Broberg says within the firm’s press launch.
[ad_2]
