Natuzzi to expand in India

Our Bureau Hyderabad | Updated on March 09, 2011

Luxe landing: Mr Pasquale Natuzzi (left), Chairman and CEO of Italian Natuzzi Group, with Mr Nitin Bahl, Country Manager, India, at a press conference in Hyderabad on Wednesday. Photo by P.V. Sivakumar   -  Business Line

Italian furniture company, Natuzzi Group is planning to expand its presence in India by opening its stores in 12 cities soon.

“We entered India by opening a store in New Delhi and Bangalore in November 2010 and received good response from the market. Now we plan to expand with a special focus on South Indian market,” Mr Pasquale Natuzzi, Chairman and CEO of Natuzzi Group, told newspersons here on Wednesday.

The NYSE-listed company which operates 360 stores and 375 galleries across the world at present, will be opening its points of sales in locations including Hyderabad, Chennai, Kolkata, Gurgaon, Coimbatore, Pune in addition to Delhi and Bangalore where it is already present, he added.

“We are very positive about huge potential in India ,” he said while refusing to quantify the business expectation from Indian market. The premium furniture would be imported from its manufacturing facilities in Italy and other countries.

“Our initial focus is on distribution here. Later, we may consider setting up a manufacturing facility,” he added.

The group's turnover was €514 million in 2009.

Published on March 09, 2011

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