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Grendene SA Establishes Company with Mr. Philippe Starck as Partner

Friday, 1 Mar 2013 07:50am EST 

Grendene SA announced that its Board of Directors on February 28, 2013 approved establishment of a new company, controlled by Grendene SA, with Mr. Philippe Starck, Mr. Philippe Ouakrat, Mr. Alexandre Allard, ABCDEFGHI Participacoes Ltda, a company held by Mr. Nizan Guanaes, and FIP Santana investment fund held by Mr. Andre Esteves, acting as Partners. Grendene SA will hold a controlling stake of 42.5% in the new company. The approved investment of BRL 52 million is destined for the initial activities of the new business. The idea of the company is to combine knowledge of Mr. Philippe Starck on design of products and other Partners’ in their respective areas with the Company to implement industrial scale production of products from plastic. 

Company Quote

-0.29 -1.86%
23 Dec 2014