The recently closed 2023 has been a year of changes and growth for Kave Home, which faces the brand new 2024 with ambitious intentions. The furniture company based in Sils has ended the fiscal year with a 30% increase compared to 2022 and invoicing close to 200 million euros. This increase responds especially to the brand's expansion plan in the retail channel, through which it has reached 115 points of sale in more than 50 countries across five continents.
Despite ending the fiscal year, Kave Home's commitment to international expansion does not end. With its sights set on major capitals, the company plans to open in cities such as Paris, Rome, and Milan. It will do so after a 2023 in which it has strengthened its direct presence in France and Italy, two of its most relevant markets. The expansion driven this year has been complemented by franchise openings in places as diverse as Singapore, Hungary, Iceland, Bulgaria, and Guatemala.
International expansion is not the only major objective Kave Home has set for 2024. Among its purposes for this year, the company plans to create a technological product development center, as well as expand its corporate headquarters. Located in Sils, the headquarters will be expanded in anticipation of an increase in the company's workforce, which currently has more than 600 employees worldwide.
Kave Home plans to manufacture its first collections of custom-made furniture in Spain during the first quarter of 2024All this after a 2023 during which there has been a generational handover in the company, and Francesc Julià Ametller has taken the helm to lead the family project, as CEO of Kave Home. He will captain the company with his father as a reference, as he explained in an interview in The New Barcelona Post.
The handover took place in a year during which the company also inaugurated a logistics warehouse located in Tordera, which is expected to be expanded in 2025. With this expansion, it will practically double its surface area, which includes a furniture recovery and recycling center. The company also acquired a production plant in Yecla during 2023, with the aim of manufacturing the first collections of custom-made furniture in Spain during the first quarter of 2024. These acquisitions and openings, added to the launch of its artistic venture Kave Gallery, have made 2023 a historic year for the family business.