Outdoor furniture and interiors company JANUS et Cie is being acquired by Poltrona Frau Group and Haworth.
April 20th, 2016
The LA headquartered JANUS et Cie will see new leadership under the Haworth owned Poltrona Frau Group. The acquisition will see JANUS et Cie operating within Haworth’s lifestyle design division, with sister brands Cassina and Cappellini.
While the transaction remains subject to typical acquisition closing conditions, closing is expected to take place within the next two months.
The 1978 founded JANUS et Cie has 16 directly-owned showrooms and 40 sales offices across the world, including Australia. The brand will continue to operate independently, and founder Janice Feldman will retain a significant equity stake in the company and serve as its CEO.
“I am particularly happy that we have reached this agreement after a long journey of discovery,” says Poltrona Frau CEO Dario Rinero “Through the acquisition of JANUS et Cie, we will enter the important segment of outdoor furniture, attaining a global leadership position thanks to the value of the brand and the size of the company
“What appeals to me most is JANUS et Cie’s enormous potential for expansion, as today the brand is mostly present in North America and still to be substantially developed in Asia and Europe. The value of this acquisition will therefore be reflected in the advantage that JANUS et Cie’s products will benefit from Poltrona Frau Group and Haworth’s international sales and distribution platforms”
JANUS et Cie
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