Key Developments: Poltrona Frau SpA (PFGI.MI)
1.41EUR
5:30am EDT
€0.02 (+1.22%)
€1.39
€1.40
€1.42
€1.39
41,628
236,835
€1.45
€0.83
Latest Key Developments (Source: Significant Developments)
Poltrona Frau SpA Renews Share Repurchase Program
Poltrona Frau SpA announced that the Shareholders' Meeting has approved and granted authorization to the Board to renew the share repurchase program for the acquisition of own shares of the Company up to a total stake of 10% of its share capital. The Company currently holds a number of 1,891,570 own shares. Full Article
Poltrona Frau SpA Opens Showroom in Dubai
Poltrona Frau SpA announced that it has opened to the public a directly managed showroom in Dubai. The showroom has a space of 600 square-meter on Mohammed Bin Rashid Boulevard, Downtown Dubai, a location in front of the Burj Khalifa. Full Article
Poltrona Frau SpA Signs Framework Agreement for Sale of Nemo Lighting Division of Cassina SpA to Omikron Design Srl
Poltrona Frau SpA announced that it has signed a framework agreement for the sale of the majority holding in Nemo, Lighting Division of Cassina SpA, to Omikron Design Srl. The agreement makes provision for Omikron Design Srl's purchase of 51% of a company being incorporated, Nemo Design Srl, which will be transferred the business unit relating to Nemo, including the 100% investment held in French company Artelux SA, a Nemo distributor in France. Full Article
Poltrona Frau SpA Opens Showroom in Cologne
Poltrona Frau SpA announced that it has opened to the public a directly managed showroom in Cologne. The showroom in Cologne follows the opening of the Munich showroom in September 2012, where the Group shared its space with Boffi. The showroom is located in 6/10 Spichernstrasse, covering two floors and an overall surface area of over 450 squared meters, the showroom exhibits Poltrona Frau, Cassina, Nemo and Cappellini products. Poltrona Frau is assigned a 160 squared meters area. Full Article
Poltrona Frau SpA Completes Merger Through Incorporation of Wholly-Owned Casanova Srl
Poltrona Frau SpA announced that it has completed a merger through incorporation of the Company's wholly-owned subsidiary, Casanova Srl. Full Article
Poltrona Frau SpA Renews Share Repurchase Program
Poltrona Frau SpA announced that it has renewed the share repurchase program for the acquisition of own shares of the Company up to a total stake of 10% of its share capital. The Company currently holds a number of 209,438 own shares. Full Article
Poltrona Frau SpA Approves Merger by Incorporation with Wholly-Owned Subsidiary Casanova Srl
Poltrona Frau SpA announced that it has approved the merger by incorporation with its wholly-owned subsidiary Casanova Srl. The merger is expected to be finalized by the end of the summer of 2012. Full Article
Poltrona Frau SpA's Joint Venture with Tata Group Casa Decor to Open New Showroom in New Delhi, India
Poltrona Frau SpA announced that Casa Decor, the joint venture between Poltrona Frau SpA and Tata Group has decided to open a new showroom in New Delhi, India, in the second half of 2012. Full Article
Volkswagen AG Chooses Poltrona Frau SpA for the Interior of the New Phaeton Exclusive
Poltrona Frau SpAs announced that it has been chosen by Volkswagen AG to Equip its Phaeton Exclusive concept car with Pelle Frau. Further details were not disclosed. Full Article
Poltrona Frau SpA Announces Inauguration of New Multi-Brand Showroom in Miami in Collaboration with Giampiero di Persia; Expects to Open Two New Showroom in the United States and One in Canada in 2012
Poltrona Frau SpA announced that it has inaugurated its multi-brand showroom in Miami as result of a collaboration with Poltrona Frau Group Miami and Giampiero di Persia, a Company's partner for over 10 years. Poltrona Frau has been present in Miami’s Design District since 2001; Cappellini since 2009. The Company expects to open two more multi-brand showrooms in the United States and one Canada in 2012. Full Article
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