Italy’s Design Industry Sees Consolidation Amid Uncertain Environment

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Designer leaders here said they were more focused on organic growth and promoting their brands in key markets, rather than listing their shares on the stock exchange.

“Our approach is more focused on acquisitions… and creating value within the companies we already own,” Lalonde affirmed.

Throughout the summit, which was made available to the public online Thursday, it was clear that 2023 will be a year of stabilization for the furnishings andcompanies, which posted robust earnings in 2021 and 2022 during the COVID-19 pandemic. For the firms that represent the backbone of the design sector, eyes will be on the global economy as it grapples with high inflation, rising interest rates and the war in Ukraine.

 

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