Italian Design Brands (IDB) has acquired Turri, marking its 11th acquisition since going public. Founded in 1925 in Carugo, Turri specializes in high-end furniture and is managed by Andrea Turri, who will remain as CEO and minority owner. IDB acquired 51% of Turri, which generated €28.1 million in sales in 2022, primarily abroad. The acquisition, funded by €5 million in additional capital and bank loans, aims to help IDB reach €300 million in revenue by year-end.
Source: https://www.laconceria.it/en/news/italian-design-brands-buys-turri-its-the-11th-acquisition/
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