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Stilnovo Parent Company Eyes Acquisitions and Sees Growth in 2023

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The holding company that owns Stilnovo, the Italian lighting company, is eyeing expansion and preparing for growth in key markets.

In 1957, Stilnovo’s Sputnik pendant lamp was created, celebrating an age of space exploration. Fashioned with rays that expand in all directions, it was a testament to an era of growth fueled by the design vision of famed designers and architects like the Castiglioni brothers Achille, Livio and Pier Giacomo; Ettore Sottsass, and many more.

Stilnovo, which the group acquired in 2019, is still in a launch phase. “We can say that the growth recorded in 2021 and 2022 allowed it to reach around 5 million in sales. In all honesty, for Stilnovo 2023 we see continuous and encouraging growth abroad, much faster than in the Italian market,” Bolzan added.

“As far as Stilnovo is concerned, we have significantly strengthened our catalogue of certified products for the U.S. market and we aim to expand our market share in the U.S. in the coming years,” Bolzan said.

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 /  🏆 24. in PT
 

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