Profile: Natuzzi SpA (NTZ)
3 Dec 2013
Natuzzi S.p.A. (Natuzzi) is primarily engaged in the design, manufacture and marketing of contemporary and traditional leather and fabric-upholstered furniture, principally sofas, loveseats, armchairs, sectional furniture, motion furniture and sofa beds, and living room accessories. The Company sells its Natuzzi furniture principally through franchised Divani & Divani by Natuzzi and Natuzzi furniture stores. As of March 31, 2010, Natuzzi sells its furniture in various locations, which include 124 Divani & Divani by Natuzzi and 174 Natuzzi stores, of which 56 are directly owned by the Company; eight outlets, and 17 concessions in the United Kingdom and Republic of Ireland. The concessions are store-in-store concept managed directly by a subsidiary of the Company located in the United Kingdom. As of March 31, 2010, there were 430 Natuzzi galleries worldwide (store-in-store concept managed by independent partners). As of March 31, 2010, Natuzzi operated six production facilities in Italy and three warehouses (one for leather, one for finished goods and one for accessories).
The Natuzzi brand offers products, with detailed designs and customized materials and finishes. Products under this brand are distributed through the Company’s stores, galleries, and qualified free market (multi-brand) retailers that carry high-end products. From the identification of consumer preferences and market trends to the delivery of the living room in the consumer’s home, Natuzzi directly controls the production and distribution value chain. All models are designed in the Company’s Style Center in Italy and are primarily manufactured at its Italian factories.
The Italsofa brand targets the medium-to-medium low segment of the market. The brand includes a range of sofas and armchairs in leather, fabric and microfiber, which are available in different versions, coverings and colors. Products are designed and engineered in Italy and manufactured at its factories in China, Brazil and Romania. Products under this brand are mainly distributed through the wholesale channel in addition to single-brand stores and galleries.
The Natuzzi Editions/Editions collection of sofas and armchairs are tailored to suit every taste and every style and the collection is developed solely for wholesale distribution. This brand contains a wide range of models and functionality, from stationary to sectionals, from motions to leather recliners and sofabeds, from traditional to transitional, and from casual to modern. For Europe and the Rest of the World it offers a selection of specifically tailored and designed for the enthusiasts of Italian made products.
Via Iazzitiello, 47
SANTERAMO IN COLLE 70029