From Home Furnishing Business
Natuzzi Expands in U.S. and Asian Markets
Italian designer and leather manufacturer Natuzzi (NYSE: NTZ) has expanded its retail chain in the U.S. and Asian markets.
The home furnishings company has opened three stores in the U.S. this year in Philadelphia, Miami and Naples, Fla., bringing its number to 252 sales points in North America.
“The U.S. is a key and well-established market for our Group, in which we have been present since 1980,” said Pasquale Natuzzi, chairman and CEO of the Natuzzi Group. “These recent openings, together with our flagship store in New York, further strengthen Natuzzi’s presence on the American market.”
Natuzzi Group opened 11 Natuzzi Italia and Natuzzi Editions stores, including the first stores in Hong Kong, Colombo, Sri Lanka, and Busan, South Korea, bringing its number to 162 sales points in Asia.
“Despite recent financial turbulence, Asia, and particularly China, is among our main and currently best performing markets,” Natuzzi said.