MILAN — Italian luxury design conglomerate Flos B&B Italia Group, which is said to be in the throes of a major phase of restructuring, on Monday saw its fourth management change in a year and second in less than one week.

Lucia Nadal, its marketing and sustainability director, has moved to Milan-based group Dexelance as general manager of lighting firm Davide Groppi, Dexelance confirmed.

Last week, it was revealed that Gianni Fortuna, chief executive officer of Flos B&B Italia-owned kitchen firm Arclinea — which his grandfather started in 1925 — stepped down. In January,  Flos B&B Italia Group‘s CEO Daniel Lalonde resigned and Roberta Silvia, CEO of lighting firm Flos left in 2024.

“I am honored to have joined this company. Davide [Groppi] is a visionary designer and entrepreneur,” Nadal told WWD. Nadal also served as marketing director for B&B Italia between 2004 and 2019 and was a consultant at Bain & Co before that.

Sources close to WWD said in February that Flos B&B Italia Group has entertained informal offers from other groups for its furniture brands. Haworth, which is home to top European furniture and home firms Poltrona Frau, Cassina, Cappellini and Zanotta, has been speculated as an interested buyer.

Funds Investindustrial and the Carlyle Group formed Design Holding in 2018. The funds’ potential move to sell off the furniture division has been widely viewed as an expected outcome by industry watchers. Since the formation of the group, Nadal has been key in communicating the strategy of the newly formed group and its positioning as a luxury design group. In addition to Flos and luxury furniture brand B&B Italia Group and its brands Maxalto and Azucena, Flos B&B Italia owns Danish lighting brand Louis Poulsen, Denmark-based furniture firm Audo Copenhagen and design furniture and e-commerce player Lumens. In 2021, the Italian conglomerate inked a joint venture with Fendi to form Fashion Furniture Design, or FF Design, to develop the Fendi Casa business. The line was previously produced and distributed by licensee Luxury Living, operating through Club House Italia.

Dexelance, a furnishings, lighting and contract group, recently changed its name from Italian Design Brands, and owns upscale furniture brands Meridiani and Gervasoni. It also owns luxury contract firms Cenacchi International and Modar, which work with stores, showrooms, offices, hotels and prestigious homes worldwide.

In 2024, it also bought a majority share in Turri, a luxury furniture business founded in 1925 in Carugo near Lake Como, and last year increased its stake up to 100 percent in lighting firm Axolight. The first Italian design firm to list its shares on the Milan Stock Exchange, Dexelance said in April that it signed a letter of intent with outdoor furniture specialist Roda Group, with the aim to take a majority stake in the firm.

Davide Groppi, which began as a small factory in the center of Piacenza, Italy, during the late 1980s has been pegged for growth and storytelling potential, by the firm over the past year. Last year, during Design Week, Davide Groppi unveiled Endless, an adhesive, conductive strip that can be applied to any kind of surface. Other signature pieces include the Louis XIV, a deconstructed take on the French Rococo chandelier, or the ultra-modern Sottile, a “blade”-like pendant lamp that is 0.7 centimeters thick.

“We need to promote stories like the Davide Groppi, while working on communications, showing the brands’ potential for architectural spaces and create a network of ambassadors around the world. In Davide Groppi’s case, we also want to convey its true potential: the company doesn’t sell lamps, it sells light. It’s an experience,” the firm’s managing director Giorgio Gobbi told WWD in an interview in February.