Daily News

From Home Furnishing Business

Natuzzi S.p.A. Selling Iconic High Point Showroom

November 28, 2023  by HFBusiness Staff in Business Strategy, Designer Weekly, Industry   

In the shareholder report, they stated, “We are actively engaged in the process to accelerate the sales of our non-strategic assets, the most relevant being our iconic building located in High Point, North Carolina, of 1,210,000 sq.ft., strategically located at the center of the district that, twice a year, hosts the largest furniture market show in the US.”

“The proceedings from these potential divestures, in case they materialize, will be strategically directed to accelerate our retail expansion, focusing on North America, and to support our restructuring, particularly in Italy.”

This decision came about due to “unfavorable consumer dynamics observed in all key regions where we operate.”