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Natuzzi

Natuzzi
Leadership team

Mr. Pasquale Natuzzi (Founder, Exec. Chairman & Chief Omnichannel Commercial Officer)

Mr. Antonio Achille (CEO, Interim COO, Global Retail Excellence Director & Director)

Mr. Pasquale Junior Natuzzi (Chief Brand Officer of Natuzzi Italia, Chief Creative Officer & Exec. Director)

Products/ Services
Furniture, Interior Design, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Santeramo In Colle, Puglia, Italy
Established
1959
Company Registration
SEC CIK number: 0000900391
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
NYSE:NTZ
Social Media
Overview
Location
Summary
Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores worldwide. It operates through two segments, Natuzzi Brand and Private Label. The company's products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; home furnishing accessories, including coffee tables, lamps, rugs, and wall units; and home accessories, which include vases, mirrors, magazines racks, trays, and decorative objects. It also sells polyurethane foam and leather by-products. As of December 31, 2021, it operated 253 Natuzzi Italia stores; 72 Divani&Divani by Natuzzi stores; and 326 Natuzzi Editions stores. The company was formerly known as Industrie Natuzzi S.p.A. and changed its name to Natuzzi S.p.A. in June 2002. Natuzzi S.p.A. was incorporated in 1959 and is headquartered in Santeramo in Colle, Italy.
History

Pasquale Natuzzi was very young when he started his career. The son of a cabinet-maker, in 1959 at 19 years of age he opened a workshop in Taranto with three collaborators, producing sofas and armchairs for the local market. In 1962 he moved to Matera where he began to gain commercial experience. In 1967, still in Matera, Pasquale Natuzzi returned to the production of sofas and armchairs, this time on an industrial scale. In 1972 he founded Natuzzi Salotti S.r.l. One year later, following a fire that completely destroyed the Matera factory, Pasquale Natuzzi decided to relocate production to Santeramo in Colle , which is the modern-day headquarter of the Group.

Somewhere about the middle of the 1970s, Natuzzi took part for the first time in a furniture fair in Bari. Here started first contacts with customers from the Middle East: Saudi Arabia, Israel, Jordan. In 1976 Natuzzi exported 60% of the turnover in those countries, while 40% was realized in Italy.

The beginning of the 1980s was the turning point in Natuzzi Group's growth. During a trip to the United States, Pasquale Natuzzi spotted an opportunity to carry out a radical change of direction: "democratizing" the leather sofa, once a product for an elite niche. The first sofa sold at $999 in the United States was a Natuzzi, at Macy's.

Following the success in the United States, in 1985 Natuzzi Upholstery Inc. was established. Based in New York, the company was especially designed for the needs of its North American clients. In 1998, further confirmation of the Group's strong ties with the American market was given by the inauguration in High Point, North Carolina, of a futuristic-looking building, designed by the architect Mario Bellini, housing the offices of Natuzzi Americas, with a showroom measuring 8,000 square metres.

With North American expansion continuing, the Group then went on to strengthen its presence in Italy and throughout Europe. The 1990s saw the opening in Taranto, on Pasquale Natuzzi's initiative, of the first shop in the franchising chain Divani & Divani by Natuzzi. There are Natuzzi stores and Natuzzi Galleries outside Italy, including: Greece, Cyprus, Spain, Portugal, France, Switzerland, China, Hong Kong, Taiwan, Singapore, Saudi Arabia, United Arab Emirates, Qatar, Turkey, Israel, Netherlands, Croatia, Bosnia and Herzegovina, Poland, Hungary, Russia, Mexico, Thailand, India, Vietnam, United Kingdom, South Korea, Australia, Brazil and United States.

Today Pasquale Natuzzi personally oversees strategic activities relating to strengthening the brand with investments in product innovation and research, marketing, communication and staff training, working alongside the Group's managers to define future strategies.

Mission
The mission of Natuzzi S.p.A. is to create value through design, production, and distribution of upholstery, furniture and accessories. Natuzzi is committed to creating furniture that is tailored to the needs of people who value comfort, quality, and design.
Vision
Natuzzi seeks to create beautiful furniture and accessories to satisfy the needs of all who seek comfort and style. Natuzzi strives to develop innovative products that live up to the highest standards, as well as promoting responsible corporate practices.
Key Team

Mr. Carlo Silvestri (Chief Financial Officer)

Mr. Giuseppe Cacciapaglia (Chief Accounting Officer)

Mr. Pierangelo Colacicco (Chief Technology & Digital Innovation Officer)

Mr. Piero Direnzo (Investor Relations Mang.)

Mr. Mario De Gennaro (Chief HR, Organization & Legal Officer)

Mr. Richard Tan (Head of Natuzzi Industrial Operations in Asia)

Mr. Cosimo Bardi (Chief Brand Officer of Natuzzi Editions)

Recognition and Awards
Natuzzi has been recognized many times throughout its history, receiving awards and honors such as the Stephen P. Cunningham Lifetime Achievement Award, presented by the American Society of Furniture Designers, the Grand Designers Award,from the Italian Design Institute,and the iF Design Award.
References

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Natuzzi
Leadership team

Mr. Pasquale Natuzzi (Founder, Exec. Chairman & Chief Omnichannel Commercial Officer)

Mr. Antonio Achille (CEO, Interim COO, Global Retail Excellence Director & Director)

Mr. Pasquale Junior Natuzzi (Chief Brand Officer of Natuzzi Italia, Chief Creative Officer & Exec. Director)

Products/ Services
Furniture, Interior Design, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Santeramo In Colle, Puglia, Italy
Established
1959
Company Registration
SEC CIK number: 0000900391
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
NYSE:NTZ
Social Media