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From Home Furnishing Business

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

In addition to the third quarter financial results that were reported yesterday, Natuzzi S.p.A also reported their plans to sell their iconic High Point Showroom.

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.”

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