Italian Company To Open 8 New Shops In Turkey

ANKARA - Italian furniture company will open 8 new shops in Turkey.

Mino Federico, Italian furniture company Natuzzi's representative for Middle East, told the AA that the company weathered the economic crisis with minimum loss.

Federico said that they decided to invest in Turkey due furniture sector's remarkable share in economy and conscious consumer profile, adding that Turkish economy was stable and powerful according to several reports by international finance organizations.

Federico said Natuzzi already had two shops in Etiler and Florya in Istanbul and opened its first shop in the Turkish capital of Ankara at ANSE shopping mall last week. He said they wanted to open 8 others in Antalya, Izmir, Bursa, Mersin and Gaziantep provinces.

Natuzzi Group was founded in 1959 by Pasquale Natuzzi, current Chairman, Chief Executive Officer and Group Stylist. It designs, produces and markets sofas, armchairs and living room accessories. Natuzzi is the largest Italian furniture company with 2009 turnover of 515.4 million euro, and is the world leader in leather upholstery. In 1993, Natuzzi Group became the only foreign furniture company to list on Wall Street. 90% of the Group's turnover is generated outside Italy in 123 countries and holds its major market shares in Europe (61%) and Americas (31%).