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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 accomplice firm specialized in manufacturing leather Salvatore goods. The Italian equipment label declined to disclose monetary terms of the deal.Primarily based in Tavarnelle Val di Pesa, a forty-minute drive from Florence, the fifty three,820-sq.-foot plant already exclusively produced Furla’s accessories using over 100 workers and manufacturing two million items amongst luggage and small leather-based items per year.The takeover is a part salvatore ferragamo sunglasses aviator of the brand’s strategy to invest in Italy and goals to strengthen the group’s supply chain, boosting the production.Obtainable in more than a hundred nations and carried by 1,200 multibrand and shops, Furla registered a 23.5 percent improve in gross sales in the first half of 2017, totaling 238 million euros in contrast with 193 million euros in the identical interval in 2016.In Could 2016, after years of hypothesis, Furla mentioned it had set in movement plans to go public, inking an agreement with TIP Tamburi Funding Companions SpA. The Marzotto, Loro Piana and Ferragamo households are among the buyers in TIP, which also has stakes in Hugo Boss and Ferrari. Tamburi had tentatively set the IPO for 2018, but Furla’s president Giovanna Furlanetto lately mentioned the company might postpone such a plan.