Design label Serax has new majority shareholder

Design label Serax has new majority shareholder
(c) Serax

Investment firm Buysse & Partners acquired design platform Serax, known for selling designs by  Belgians like Pascale Naessens and Sergio Herman. Its new owner wants to expand the product range and is also targeting foreign markets.

23 million euro turnover

What do Belgian and international designers like Pascale Naessens, Anita Le Grelle, Sergio Herman, Marie Michielssen, Antonino Sciortino and Piet Boon have in common? Their creations, ranging from pots and vases to cutlery, glassware, table decorations, small furniture and design lighting, are manufactured and distributed by Serax.

 

The Antwerp design label recently welcomed a new majority shareholder, business paper De Tijd wrote. CEO and founder Axel Van den Bossche saw 3D, an investment firm belonging to the Donck and Desimpel families, sell its stake to Buysse & Partners, an investment firm belonging to the Buysse family.

 

It has not been disclosed how much Buysse & Partners paid for the stake, but rumours mentions more than 50 million euro. Axel Van den Bossche will still be a minority shareholder.

 

 

Questions or comments? Please feel free to contact the editors


Gerelateerde items

èggo seeks international expansion to celebrate tenth anniversary

11/10/2017

Belgian kitchen manufacturer èggo celebrates its tenth anniversary this year, and the party mood causes the company to look forward to the next few years: it will launch a new store formula and continue its international expansion.

4 % growth for Ikea, which seeks more online sales

10/10/2017

Swedish furniture chain Ikea saw its turnover grow 3.8 % to 34.1 billion euro in its past fiscal year. The Swedes' ambition doesn't end there: a new digital platform and an urban store concept should further raise sales figures. 

Higher turnover and lower profit for Beter Bed

30/08/2017

Despite the fact that Dutch Beter Bed Holding saw its turnover grow 6.7 % in the first half of 2017, its net turnover dropped more than 11 % to 7.5 million euro.

Two possible locations left for Ikea in West Flanders

25/07/2017

Swedish furniture chain Ikea has identified two possible locations for a new store in West Flanders: the Ring Shopping Kortrijk Noord and Ter Biest in Wevelgem.

Another turnover growth for Beter Bed

14/07/2017

Beter Bed Holding’s second quarter turnover grew to 94.6 million euro, up 5.3 % compared to last year. Even if the Sängjätten acquisition is excluded, the company still posted nice growth numbers.

Danish designer brand Bolia opens store in Ghent

26/06/2017

A new Scandinavian design brand will venture into Belgium: Danish Bolia opened its first Belgian store on 22 June in a very special location: the “Wolweverskapel” (the wool weaver’s chapel) in the Kortedagsteeg in Gent. 

Back to top