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Furla Acquires Effeuno Manufacturing Plant

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MILAN — Furla introduced on Tuesday the acquisition of Effeuno Srl, a longtime companion firm specialised in manufacturing leather-based Salvatore items. salvatore ferragamo men sunglasses The Italian equipment label declined to disclose financial phrases of the deal.Based in Tavarnelle Val di Pesa, a 40-minute drive from Florence, the 53,820-square-foot plant already exclusively produced Furla’s equipment employing over a hundred employees and manufacturing two million pieces amongst baggage and small leather goods per 12 months.The takeover is part of the brand’s technique to invest in Italy and aims to strengthen the group’s supply chain, boosting the production.Accessible in more than one hundred nations and carried by 1,200 multibrand salvatore ferragamo men sunglasses and malls, Furla registered a 23.5 % increase in gross sales in the primary half of 2017, totaling 238 million euros compared with 193 million euros in the same period in 2016.In Might 2016, after years of speculation, Furla stated it had set in motion plans to go public, inking an settlement with TIP Tamburi Investment Partners SpA. The Marzotto, Loro Piana and Ferragamo families are among the many investors in TIP, which also has stakes in Hugo Boss and Ferrari. Tamburi had tentatively set the IPO for 2018, however Furla’s president Giovanna Furlanetto just lately said the company may postpone such a plan.