NatuzziGroup closes Natuzzi Italia store in Denmark and plans expansion of Leather Editions galleries with qualified retailers.
NatuzziGroup will close its last store in Denmark in Field’s by the end of April. Natuzzi Italia designs and produces high end leather sofas and furniture. The key factor influencing this decision: lack of a strong Danish partner to support the Company’s strategy to saturate the market with its premium luxury Natuzzi Italia brand.
The Company will continue to work with qualified retailers in distributing its mid-high priced Leather Editions brand sofas and upholstered chairs which are designed in Italy and distributed through a gallery concept.
Plans are to focus on this brand and rapidly expand the number of galleries. Today there are 4 galleries and plans are to triple the number within the next 12 months.