Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Haworth to sell Castelli and exit Italy

Saturday 21 January 2012

Haworth, the US office furniture group, has announced that it is disposing of Castelli and its Italian operations -- the first time the company has ever sold off one of its brands -- to German management company Mutares AG. Castelli, the Italian brand which can trace its roots back to the late 19th century, was the only brand which Haworth carried on using after acquiring it.
Haworth has said that the company will be trading with Mutares in Italy, which will be changing its name to Castelli after completion of the deal. Haworth will continue to sell the Castelli brand in Europe (outside Italy) and North America and it will remain an important part of the Haworth Collection, which also includes Poltrona Frau, Cassina and Cappellini.
"The acquisition of Haworth operations in Italy by Mutares will increase our organisational agility while maintaining our strong global presence" said Franco Bianchi, Haworth President & CEO. "Under this new arrangement, Castelli will have the opportunity to spread its wings and fully capitalize on a brand that has been around since 1877 while continuing to leverage Haworth's global products and distribution."
Dr. Axel Geuer, founder of Mutares and member of its executive board, said: "Based on its well established market presence and high level of design expertise, Castelli is excellently positioned to quickly exploit new areas of growth. Mutares is excited to own a company with such an esteemed brand and to partner with a global brand such as Haworth."

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Monday 22 May 2017 Chybik + Kristof uses 900 plastic chairs to clad Czech furniture showroom

Hundreds of used black plastic chairs cover the facade of this furniture shop, which architecture st

Sunday 21 May 2017 Knoll Inc Announces Quarterly Dividend of $0.15 (KNL)

Knoll Inc (NYSE:KNL) declared a quarterly dividend on Thursday, May 11th. Shareholders of record on

Friday 5 May 2017 HNI Corp (HNI) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

HNI Corp (NYSE:HNI) announced its earnings results on Wednesday. The business services provider repo

Wednesday 3 May 2017 Kimball International, Inc. Reports Third Quarter Results — GAAP Net Income Increases 162% (Non-GA

JASPER, Ind., May 03, 2017 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL) today annou

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7670 1510