Italian high-end furniture firm Poltrona Frau said on last Thursday sales rose 10.5 percent last year, boosted by steep gains in Italy and from its "Luxury in Motion" division, which fits out yachts, cars and planes with leather interiors. Poltrona Frau, which reached a buyout agreement with U.S. office furnisher Haworth in February, said full-year revenue was 272.85 million euros ($379 million).
The company best known for its deep leather armchairs agreed to the takeover partly to speed up its growth in foreign markets, its chief executive said at the time. Italy, where consumer spending remains strained as the economy struggles to emerge from recession, continued to be the group's biggest market last year, growing by 20 percent and accounting for around 40 percent of sales.
Fonte: Italian Good News
