Italian designer Poltrona Frau moves into luxury car interiors with acquisition of KJ Ryan

Iconic Italian design brand Poltrona Frau recently acquired a majority stake in British company KJ Ryan. The move is designed to strengthen the company’s presence in the UK luxury car market. The merger will result in the creation of a European pole specialized in the production of high-end, made-to-measure automotive interiors.

 

Poltrona Frau, historic Italian design brand and subsidiary of the Haworth Lifestyle Group, acquired a majority stake in British company KJ Ryan on Friday June 14.

 

The acquisition marks Poltrona Frau’s first international operation in its 112-year history, and aims to strengthen its presence in the UK luxury car market.

 

Founded in 2007 by Kevin Ryan in Coventry, KJ Ryan, a specialist in automotive upholstery, employs over 150 skilled craftsmen and has established strong relationships with several British luxury car manufacturers. Kevin Ryan will continue to play an important operational role within the new entity.

 

The merger between KJ Ryan and Poltrona Frau’s Interiors in Motion division, based in Tolentino, Italy, will result in the creation of a European pole specializing in the production of high-end, made-to-measure automotive interiors.

 

The new entity will generate sales of around 120 million euros and employ around 600 people at three production sites in Tolentino and Montegranaro in Italy, and Coventry in the UK.

 

A sector in good shape

 

This operation is in line with Haworth Lifestyle’s growth strategy, which aims to achieve sales of one billion euros over the next few years, both through organic growth of its brands and through acquisitions.

 



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Read also>RALPH LAUREN TO LAUNCH “HOME” BRAND WITH HAWORTH LIFESTYLE DESIGN

Featured photo : © Poltrona Frau

Picture of Hugues Reydellet
Hugues Reydellet
Hugues Reydellet is a young and passionate journalist whose favorite subjects are economy, culture, gastronomy, but also cars, and sports. With a sharp pen and an insatiable curiosity, Hugues is constantly on the lookout for new hot information to report.

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